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Consumer driven companies, including retail, FMCG and auto, are likely to get a boost as the Finance Minister Piyush Goyal announced measures to boost private consumption in the Budget 2019.
The Finance Minister Piyush Goyal today announced major sops for farmers, middle class and introduced pension schemes for the informal sector thus leaving more money in the hands of the consumers. This would boost consumption across categories, experts said, adding that companies such as Hindustan Unilever, Tata Motors, Future Group could reap the benefits.
The stocks of the consumer companies were up. HUL was up 3.3 per cent, Tata Motors was up 1per cent, Nestle up 0.7 per cent, Mahindra and Mahindra was up 3.80 per cent on the BSE.
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