L&T, fertiliser stocks could be Budget beneficiaries: Sudip Bandyopadhyay, Inditrade

Any further rationalisation in the subsidy, apart from easing the burden for the government, helps the fertiliser companies, says Sudip Bandyopadhyay, Group Chairman, Inditrade Capital.

What could the Budget mean for stock specific movers or any individual sectors?
There has to be a lot of focus on public spending and if that happens, the large construction companies, particularly a company like L&T should benefit out of that. So I will be a buyer in L&T pre budget if I have to take a trade. That is one trade which I think I am willing to bet on.

The other area I can look at is fertiliser. The fertiliser subsidy is one single item in the Union Budget which has not really moved much. It is still about Rs 85,000-90,000 crore and something needs to be done about it. Any further rationalisation in the subsidy, apart from easing the burden for the government, helps the fertiliser companies. I will be looking closely in that area as well and remember this is going to be a long awaited structural change. So a Chambal Fertiliser, a Coromandel International, RCF all need to be looked at carefully pre budget.