A Few Stocks to Accumulate Until Union Budget 2015

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The Sensex and the Nifty have seen a sharp reaction this week as global markets have fallen following the sharp decline in oil prices. The correction of nearly 900 points from peak levels leaves some opportunity to buy on declines. Here are a few stocks you could buy and hold until the Union Budget 2015. We expect a pre-budget rally and if you get a decent return you could partially book profits.

A Few Stocks to Accumulate Until Union Budget 2015
Though we must admit that these stocks have some quality and you could also hold them for the long term.

Syndicate Bank

Syndicate Bank has been able to manage its non performing assets better than most other PSU banks. When markets climb the bank's stock climbs faster. According to most analyst there is likely to be a pre-budget rally and it would be a great opportunity to buy and hold Syndicate Bank until the Union Budget. In terms of price to earnings multiple and price to book value the stock is trading at very cheap valuations. The one reason to hold the stock even after the Union Budget is the solid dividend yield of almost six per cent that you get from the stock.

Hindustan Construction

Hindustan Construction or HCC has fallen from levels of Rs 49 to the current levels of Rs 30. There maybe a thrust by the government on infrastructure projects in the Union Budget. This is likely to open up fresh opportunities for companies like HCC, which are likely to benefit from infrastructure development in the next few years. The stock has corrected significantly from its 52-week levels making it an ideal buy at the current levels. A good stock to buy if there is a pre-budget rally.

Axis Bank

Axis Bank is not very expensive in terms of valuations as compared to other private sector banks. The Bank is likely to benefit from economic growth that we are likely to see in the next few years. Also, a likely interest rate cut could be a fresh trigger for the stock going forward. A good buy at the current levels keeping a three year perspective in mind.

Maruti Suzuki

Everything seems to be working well for Maruti Suzuki. A sharp decline in oil prices and fast dropping petrol and diesel prices could see Maruti benefit. The company is growing at a rapid pace and margins have been improving in the last few quarters. With a solid network and several new launches in the pipeline the company's stock could rally further. Buy with a medium to long term perspective in mind.

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