*Budget Impact Stocks- Winners* ITC-Jefferies say Co clear winner CITI on Consumption - Tax rate changes are positive - Like Maruti & Indigo CLSA on Capex - Top picks - L&T, HAL, NJCC & JKIL UBS on India Industrial & Infrastructure - Power equipment's will continue to outperform pure industrials. UBS on Autos - Higher disposable income should drive 2W/ car demand, especially for urbanfocused segments like scooters, 125cc + motorcycles, entry-mid segment cars. GS on Autos -2W companies as more meaningful beneficiaries, TVS Motor, Hero MotoCorp, Eicher Motors, Bajaj Auto and Maruti Suzuki in that order Separately, the pickup in budgeted government capex in FY26E to +10% growth vs +8% growth in FY25E, should be supportive to Ashok Leyland