Budget 2018: Agricultural related stocks gain; M&M, Escorts hit new high

Escorts, M&M,Action Construction Equipment, Shakti Pumps, PI Industries, Monsanto India, Excel Crop Care and UPL were up 2% to 6% on BSE.

Shares of agricultural related sectors like agro chemicals, pesticides and tractor were trading higher by up to 6% on after the Finance Minister Arun Jaitely in Budget speech said the Minimum Support Price of all crops shall be increased to at least 1.5 times that of the production cost.

Escorts (up 6% at Rs 861) and Mahindra & Mahindra (up 3.5% at Rs 790) have hit their respective record highs on BSE in intra-day trade. Action Construction Equipment and Shakti Pumps (India) engaged in agri equipment segment were up 6% each.

NACL Industries, PI Industries, Monsanto India, Excel