The Budget usually has some goodies for the rural population through direct transfers or otherwise. Either way, it is good for companies such as Mahindra & Mahindra Financial, which draws
60 per cent of its revenue from rural India. Incentives for farmers and agriculturalists have also helped the company revive its rural business.
Current Budget: Given the aftermath of demonetisation, there is a strong hope that this Budget would have measures which would leave more cash with those in rural and semi-rural areas. A measure of this nature is seen as crucial to help the company improve its loan book meaningfully and arrest the pressures on account of bad loans.
Note: Net sales and net profit are for trailing 12 months ended December 2016; Price, market cap and PE ratio are as on Jan 25, 2017; sales, profit and market cap figures are rounded off. Source Capitaline/Exchange
ALSO READ:
(Click on the name to read about the stock)
DLF, Adani Ports, Ashok Leyland, ITC, Siemens, BHEL, Cipla, GMR Infra, IDBI Bank
ALSO READ:
(Click on the name to read about the stock)
DLF, Adani Ports, Ashok Leyland, ITC, Siemens, BHEL, Cipla, GMR Infra, IDBI Bank