The new government at the centre unveiled its first budget on Thursday. The budget is not for the complete fiscal year as several months have already passed. The Finance Minister underlined the importance of sticking to whatever means available and refrained from making any big ticket announcements. The highlights of the budget were covered in a previous article yesterday and that covered a major part of the budget. Here are some of the biggest gainers and losers from the budget presented by the FM: Biggest Losers:Cigarette making companies: Companies such as VST and ITC are set to be the biggest losers owing to the steep hike in the excise duty on cigarettes. The hike in excise duty is most likely to be passed on to the consumers, which is going to impact the sales of the same. Biggest Winners: Real Estate Companies: Major companies in the real estate sector, such as DLF, Parsvanath Developers, Unitech and Phoenix Mill will be the biggest gainers as the government has announced big ticket incentives for setting up new real estate ventures. The move should give a major fillip to the ailing real estate sector that has been crying for reforms.
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