The Budget 2019 has been a positive for companies in the real estate sector, housing finance thanks to the real estate relief announced in the budget and relief in rental income. Companies  in rural consumer markets have gained (thanks to the income guarantee for farmers).

The Budget has also benefitted FMCG companies and auto companies thanks to the breaks announced for tax payers, which could get passed on in additional spending. Consumer companies that benefit the most will be those with larger networks that extend past Tier 1 cities to Tier 2, and have deep penetration in Tier 1 cities, like Jubiilant Foodworks. This screener has shortlisted some stocks that benefit from the budget announcements.