In a week's time from now, Union Budget 2015-16 would be unveiled by Finance Minister, Arun Jaitley. The Union Budget is being unveiled on a Saturday and while there were apprehensions on whether there would be trading on Saturday, the NSE and the BSE have announced that there would be trading on this day.

Here are a few shares to buy ahead of Union Budget 2015-16.

1) Syndicate Bank

The stock of Syndicate Bank rallied on Friday despite the markets closing sharply lower. There are reports that there might be fresh infusion of funds in public sector banks in the Budget and Syndicate Bank could be a beneficiary.

One of the several reasons to buy Syndicate Bank is that it is one of the best PSU banks in terms of managing its asset quality.

The gross non performing assets at the bank for the quarter ending Dec 2014, was placed at 3.6 per cent, which is way better than any other public sector bank. The net NPA at 2.28 per cent was also much better than peers. Even if one buys the stock at around Rs 120, the dividend yield could be a healthy 5 per cent.

If the government manages to curb the fiscal deficit, expect an interest rate cut from the RBI and a smart rally in government owned banks like Syndicate Bank.

2) Can Fin Homes

Analysts have turned bullish on housing finance companies and not without reason. The expectation is that the Union Budget 2015-16 would have sops for the housing sector. There could be higher exemption on interest on housing loans, including interest and principal paid. There could also be a boost to the low cost housing through various sops.

On the fundamental front Can Fin Homes is available at a reasonable price of Rs 622, which is about 1.8 times, estimated book value of FY 2015. The price to earnings is also decent at 15 times. A worthy pick at the current levels.

3) HCC

HCC is one of the few stocks that is likely to benefit if there is a boost given to the infrastructure sector. The company has executed some of the finest known infrastructure projects in the country.

It recently turned the corner and has a very small equity base. The order book at the company is also healthy.

If the government gives a boost to the infrastructure sector in the Union Budget, HCC would be the stock that could gain. Another reason is that any reduction in interest rates is likely to benefit infrastructure players like HCC. We actually see interest rates being lowered by the RBI which could boost the stock. A good bet from the medium to long term perspective.

While there are many other stocks that could rally investors could stay focused on players from the road sector and power sector which could get some boost from the Union Budget 2015-16.

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