Power Finance Corporation: This Company will be a key beneficiary in the power sector if measures on certain areas such as the exemption on tax holidays, increase in bank lending limit, and power and coal distribution reforms are undertaken.

Apart from the quality of their assets improving, these measures should open more investors into this sector.

Reliance Industries: Another major business holder in various sectors will see a higher lever of stocks after the budget. PTA antidumping duty will benefit integrated players like Reliance. This company also will hope to earn from lowering of excise duty of polymer.

All the tax exemption and reduction on crude oil and tax reforms on import of crude products should benefit such companies. Extension of tax holiday on refineries and on natural gas, production will be a huge profit.

SBI, State Bank of India: The key benefit for public sector banks will be the creation of bank holding company that is expected to ease capital availability and governance. The boost given for private sector investments and the reforms for economic growth should help benefit the banks.

This will help increase credit growth and improve asset quality. Insurance plans should also come in favor of growth for SBI.