Summary of "Union Budget 2026 Stocks That Could Face An Impact This Year | Budget Stocks"

High-level takeaway

Brokers expect the Union Budget FY27 (Budget 2026) to be “policy‑heavy” — focused on fiscal discipline, targeted policy measures, and capital expenditure — rather than broad populist cash handouts.
Expect emphasis on defence‑led capital spending and selective sector support (renewables, data centres, airports, tourism) rather than broad sops.
Timeframe: these are expectations ahead of the 2026 Union Budget (announcements for FY27).

Key sectors and instruments called out

Defence (PSU defence capex)
Renewable energy — especially solar and agri‑solar (PM KUSUM scheme)
Real estate — offices/commercial, data centres, Global Capability Centres (GCCs)
REITs — office REITs
Hospitality, travel/tourism, aviation, airport privatisation
Infrastructure (airports, roads)

Stocks / companies mentioned (subtitle text)

Some subtitles are garbled; names shown below include likely intended companies where noted. - Hindustan Aeronautics (HAL) - Bharat Electronics (BEL) - B Dynamics (likely Bharat Dynamics / BDL) - Tata Power - NTC (likely NTPC) - NTC Green (likely NTPC Green Energy or similar) - Very Renewables (likely ReNew Power or another renewables developer) - Freem Energies (unclear / possibly mis‑transcribed) - Mindspace REIT - Embassy REIT - S BLF (garbled developer name) - The Prestige (Prestige Estates) - GMR Infrastructure - Adani Enterprises

Key numbers and caveats

Defence capex: Jefferies predicts defence capex could rise by up to ~25% year‑on‑year.
PM KUSUM / solar agri‑pump spending: subtitles show an inconsistent figure (a move from about ₹2,600 crore in FY26 to “near ₹100 crore” in the next fiscal year). This is almost certainly a transcription error; treat the exact numbers as uncertain until the official budget text is available.

Potential policy measures and likely beneficiaries

Defence capex boost → beneficiaries: PSU defence manufacturers (HAL, BEL, Bharat Dynamics).
Increased PM KUSUM / solar agri‑pump spending → beneficiaries: solar/renewable developers and utilities (Tata Power, NTPC/NTPC Green, ReNew or similar).
Tax incentives or lower taxes for offices/commercial spaces; support for data centres and GCCs → beneficiaries: office REITs (Mindspace, Embassy) and large campus developers.
Tourism/hospitality measures (higher allocation for medical tourism, promotion of secondary destinations, more tourism infrastructure, expansion of UDAN) and potential airport privatisation → beneficiaries: GMR Infrastructure, Adani Enterprises, hospitality chains, travel infrastructure players.

Broker positioning / implied methodology

Identify sectors likely to receive targeted capex or tax incentives (defence, renewables, data centres, airports, tourism).
Favor PSU or large‑cap beneficiaries of announced government capex increases.
Tilt into sector‑specific beneficiaries ahead of formal budget confirmation, then re‑assess once policy details are released.

Risks, cautions, and uncertainties

These conclusions are based on broker expectations and pre‑budget speculation; actual budget measures may differ materially.
Several company names and numeric figures in subtitles appear mis‑transcribed. Verify names and numbers from official budget documents or broker notes before acting.
No formal legal/financial disclaimer appears in the subtitles provided — the video ends with “So invest wisely.” Treat the content as informational and consult a qualified advisor before making investment decisions.

Note: The subtitle text contains multiple probable transcription errors (company names and numbers). Wherever possible, confirm details from the official budget text or primary broker research notes prior to taking action.

Presenters / sources cited

Brokerages cited in the subtitles: Jefferies, (subtitle shows “Act to Securities” — likely Axis Securities or similar), Motilal Oswal.
Other experts are referenced generically; no individual presenters are named in the provided subtitles.

Summary (concise)

Brokers expect Budget FY27 to be policy‑driven with targeted capex (not broad sops), likely benefiting defence, renewables, office REITs/data centres, airports, and tourism. Positioning ahead of the budget favors PSUs and large‑cap beneficiaries, but transcription errors in the source mean names and numbers should be verified against official documents.