The Union Budget is now behind us, with the markets losing substantially between the Union Budget of 2015 and Union Budget 2016. Here are select 9 stocks that will benefit from Union Budget 2016-17.

1) Jain Irrigation

There was a huge thrust to agriculture with the outlay increasing sizeably in Union Budget 2016-17. This could benefit Jain Irrigation, which is leading player in plastic pipes and drip Irrigation systems. The stock closed at Rs 54.60 on the NSE.

2) Kaveri Seeds

This is another major player in the agriculture sector and is the top player in the cotton seeds business. Greater emphasis on crop insurance and reducing rural distress could benefit this major cotton seed player.

3) Swaraj Engines

This is a major tractor engine player and a straight forward beneficiary in view of the higher agriculture layout in the Union Budget 2016-17. The stock closed at Rs 825 on the NSE.

4) Apollo Hospitals

e Health Protection Scheme of Rs 1 lakh, with an additional Rs 30,000 for senior citizens will boost companies in the healthcare business like Apollo Hospitals. The Budget's ability to focus on healthcare for inclusive growth is a good sign.

5) VST Tillers and Tractors

This is another company that will benefit, if farmer income is doubled in the next 5 years has envisioned in the Union Budget. The company is a major player in the tractor and tiller's business. The stock closed at Rs 1370 on the BSE.

6) Bata

Bata will benefit from the reduction in excise duty for the soles of shoes. Bata is a leading player in the segment and a top beneficiary.

7) PI Industries

This is a major agri input player, that is likely to benefit from the solid emphasis to agriculture in the Union Budget 2016-17.

8) State Bank of India

State Bank of India should receive some money from the promised recapitalization of Rs 25,000 crores for public sector banks in the Union Budget 2016-17.

9) Bank of Baroda

Like State Bank of India, Bank of Baroda is another stock that will benefit from re-capitalization. The other indirect benefit would be that since the government has maintained the fiscal deficit, the RBI may cut interest rates further.

It is important to understand that budget implications generally tend to be long term in nature. So, if you want the benefits of the Union Budget 2016-17 immediately on some of these companies, it is not going to happen. One should be willing to wait and hold onto stocks for at least 2-3 years.

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