Budget 2022 | The finance minister fixed the outlay on capital expenditure for next year at Rs. 7.5 lakh crore, sharply higher than the Rs 5.5 lakh crore budgeted for 2021-22.
Mumbai / February 01, 2022 / 02:15 PM IST
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var titStr=”;var editw=”; var typevar=”; var pparr= new Array(‘Monitoring your investments regularly is important.’,’Add your transaction details to monitor your stock`s performance.’,’You can also track your Transaction History and Capital Gains.’); var phead =’Why add to Portfolio?’; if(secglbVar ==1) { var stkdtxt=’this stock’; var fltxt=’ it ‘; typevar =’Stock ‘; if(lastRsrs.length>1){ stkdtxt=’these stocks’; typevar =’Stocks ‘;fltxt=’ them ‘; } } //var popretStr =lvPOPRHS(phead,pparr); //$ (‘#poprhsAdd’).html(popretStr); //$ (‘.btmbgnwr’).show(); var tickTxt =’‘; if(typparam1==1) { var modalContent = ‘Watchlist has been updated successfully.’; var modalStatus = ‘success’; //if error, use ‘error’ $ (‘.mc-modal-content’).text(modalContent); $ (‘.mc-modal-wrap’).css(‘display’,’flex’); $ (‘.mc-modal’).addClass(modalStatus); //var existsFlag=$ .inArray(‘added’,newappndStr[1]); //$ (‘#toptitleTXT’).html(tickTxt+typevar+’ to your watchlist’); //if(existsFlag == -1) //{ // if(lastRsrs.length > 1) // $ (‘#toptitleTXT’).html(tickTxt+typevar+’already exist in your watchlist’); 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//$ .each(d.ac,function(i,v) //{ // accStr+=”+v.nm+”; //}); $ .each(d.data,function(i,v) { if(v.flg == ‘0’) { var modalContent = ‘Scheme added to your portfolio.’; var modalStatus = ‘success’; //if error, use ‘error’ $ (‘.mc-modal-content’).text(modalContent); $ (‘.mc-modal-wrap’).css(‘display’,’flex’); $ (‘.mc-modal’).addClass(modalStatus); //$ (‘#acc_sel_port’).html(accStr); //$ (‘#mcpcp_addportfolio .form_field, .form_btn’).removeClass(‘disabled’); //$ (‘#mcpcp_addportfolio .form_field input, .form_field select, .form_btn input’).attr(‘disabled’, false); // //if(call_pg == “2”) //{ // adtxt =’ Scheme added to your portfolio We recommend you add transactional details to evaluate your investment better. x‘; //} //else //{ // adtxt =’ Stock added to your portfolio We recommend you add transactional details to evaluate your investment better. x‘; //} //$ (‘#mcpcp_addprof_info’).css(‘background-color’,’#eeffc8′); //$ (‘#mcpcp_addprof_info’).html(adtxt); //$ (‘#mcpcp_addprof_info’).show(); 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Shares of cement and infrastructure stocks were in demand after Finance Minister Nirmala Sitharaman sharply increased the outlay on capital expenditure for 2022-23 in the Union Budget presented on February 1.
The finance minister fixed the outlay on capital expenditure for next year at Rs. 7.5 lakh crore, which was sharply higher than the Rs 5.5 lakh crore budgeted for 2021-22.
The finance minister said that the capital expenditure outlay for the next financial year will be 2.9 percent of India’s GDP.
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Analysts had expected the government to hike the capital expenditure outlay by 20 percent, whereas Budget 2022 has hiked the expenditure by 35 percent.
The large capex outlay is seen as a major boost for infrastructure companies as it will boost their order books going ahead because of greater government project tendering activity.
Shares of Siemens, Larsen & Toubro, Adani Ports and Container Corporation of India were higher by 2-4 percent.
Cement companies also got a major lift from the higher spending on public investment and on affordable housing. The government allotted Rs 48,000 crore for housing projects under the affordable housing scheme.
Shares of Ramco Cements, UltraTech Cement, Ambuja Cements, and Shree Cement were up 2-4 percent.
