Infra stocks gain 8% on BSE after the Union Budget 2021

As the Union Budget gave new vigour to the market, there are certain stocks that have come into focus with analysts rooting for them, especially from banking, infra and commercial vehicle makers. The shares of infrastructure and construction-related companies are trading on their peaks after the government gave a boost to infrastructure projects in the Union Budget 2021.

The FM announced the FY22 CAPEX target at Rs 5.54 lakh crore against FY21’s Rs 4.39 lakh crore.

Shares of KNR Constructions, Ultra Tech Cement, Ramky Infra, SPML Infra, Kakatya Cement and HG Infra Engg are trading with a gain of 5-8% on the BSE.


Finance Minister Nirmala Sitharaman announced a National Bank for Financing Development (NaBFID) to help in the process of infrastructure financing in the country. As much as Rs 5 lakh crore will be lent by DFI in 3 years’ time, the FM said.

The National Infrastructure Pipeline has been expanded to 7,400 projects and projects worth Rs 1.1 lakh crore have been completed under the National Infra Pipeline, she added.

“We will also introduce a bill to set up DFI providing Rs 20,000 crore to launch the National Asset Monetisation Pipeline to fund new infra projects. This developmental financial institution will play a key role as an enabler for infrastructure financing in the country,” Sitharaman said.