Stock advice: Aditya Birla Money: Indian stocks to benefit from Budget 2013

As per the brokerage, budget 2013 could be a good trigger for the markets if it lays out a credible outline for fiscal consolidation.
MUMBAI: Aditya Birla Money in its pre-budget report for 2013-14 has highlighted its expectations of the Union Budget 2013-14 and what implications it could hold for various sectors and stocks.

According to the brokerage, the budget could be a good trigger for the markets if it lays out a credible outline for fiscal consolidation and boosting investment.

Aditya Birla Money has selected 6 stocks which it believes could be the beneficiaries of the budget's attempts to enhance economic growth through fiscal consolidation and boosting investment:

Cairn India: The company would benefit from (1) government's policies to promote domestic oil & gas production and reduce CAD and (2) possible increase in customs duty on crude oil.

Godrej Consumer Products: Rural focus of the government & likely direct tax reliefs for the middle class will put more money in hands of the consumer, thereby benefiting FMCG players.

L&T: Infrastructure would be one of the key focus areas in the upcoming budget: a) robust investments are likely to be announced b) clarity on various taxation issues are likely to be put up and c) various incentives and removal of bottlenecks for speedy implementation of the projects are likely to be announced. All the above are likely to augur well for L&T.

M&M: M&M is the largest manufacturer of tractors. Increase in credit flow to farmers and no extra tax on large vehicles would act as a positive trigger.