Budget 2013: Infrastructure stocks gain as FM targets $1 trillion in 12th plan
Realty and infra stocks gained after FM in the Union Budget 2013 said he plans to target $1 tn in infra in the 12th plan.
By ET Online |
NEW DELHI: Realty and infrastructure stocks gained after Finance Minister P. Chidambaram in the Union Budget 2013 said he plans to target $1 trillion in infrastructure in the 12th plan.
Additional positive for the infrastructure sector came in the form of Tax Free Infrastructure Bonds. The finance ministry putting Rs 50000-cr limit for Tax Free Infra Bonds is positive for the infra sector.
The move by the finance ministry will help the infrastructure sector to avail more funds and address the issue of asset liability mismatch of banks. Apart from the real estate and infrastructure secto,r it is positive for both PSU and private banks.
At 11:53 am, the BSE Realty index was trading 1.9 per cent higher, led by gains in Sobha Developers which was up 4.1 per cent, followed by the Anant Raj Industries which rose 4.8 per cent, DLF advanced 3.14 per cent and HDIL was up 0.78 per cent.
Additional positive for the infrastructure sector came in the form of Tax Free Infrastructure Bonds. The finance ministry putting Rs 50000-cr limit for Tax Free Infra Bonds is positive for the infra sector.
The move by the finance ministry will help the infrastructure sector to avail more funds and address the issue of asset liability mismatch of banks. Apart from the real estate and infrastructure secto,r it is positive for both PSU and private banks.
At 11:53 am, the BSE Realty index was trading 1.9 per cent higher, led by gains in Sobha Developers which was up 4.1 per cent, followed by the Anant Raj Industries which rose 4.8 per cent, DLF advanced 3.14 per cent and HDIL was up 0.78 per cent.
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