Budget 2017: Agri related stock surges on spending push

With Union Budget majorly focussing on rural economy and especially the agriculture sector, the stocks related to the sector are buzzing in trade.

Agriculture sector expected to grow 4.6%, agriculture expenditure targeted at Rs 10 lakh crores, focus are credit agriculture disbursements.

The government will also set up mini labs to cater to the needs of farmers. Additional 100 mini-labs will be set up by entrepreneurs.

This will lead to increasing demands of agriculture equipment along with two-wheeler majors.

Buzzing stocks:

Deepak Fertilisers- Rs 262.05 (up 5.25 %)
Jain Irrigation- Rs 97.20 (up 3.40 %)
Escorts- Rs 368.35 (up 1.30)
Hero MotoCorp- Rs 3211.95 (up 1.25 %)
KSB Pumps- Rs 620 (up 1.20 %)