UltraTech, ACC: Infra push in Budget 2021 to fuel rally in cement stocks

Frontline cement stocks have shown tremendous strength in the stock price from a medium term view that may touch higher levels in coming months

The Union Budget for financial year 2021-22 fired on all cyclinders to kick-start a massive infrastructure drive in the economy. Budget 2021, presented by finance minister Nirmala Stharaman, built further on the government's directive of infrastructure / manufacturing-led economic revival envisaged under the 'Atma Nirbhar Bharat' development model. 

Among key announcements, the FM proposed introduction of a bill to set up a financial institution to launch the National Asset Monetisation Pipeline for funding new infra projects; PLI scheme across 13 sectors (announced earlier) with planned expenditure of Rs 1.97 trillion, over 5 years starting FY22; and increase in sops for