Budget Day Stocks To Buy: 3 Smallcap Stocks Are Top Picks Of Prabhudas Lilladher On February 1; Who Are They?

Stocks to buy: A special live trading session will be conducted as normal procedure on Saturday, February 1, 2025, due to the Union Budget announcement by Finance Minister Nirmala Sitharaman. She is going to give her 8th budget speech, while the Indian stock market has witnessed a pre-budget rally with Sensex and Nifty crossing 77,500 and 24,500 marks. On the budget day, brokerage Prabhudas Lilladher recommended BUY for three stocks.

Shiju Koothupalakkal - Technical Analyst at Prabhudas Lilladher has recommended BUY on the following three stocks on Saturday, February 1:

1. VA Tech Wabag:

- BUY For Rs 1,435 Target With Stop Loss Of Rs 1,340. Current Market Price: Rs 1373.10.

WABAG's water saga spans over a century, making it an industry leader today in the field of total water management. With a presence in four continents, WABAG is a pure-play water technology multinational offering a wide range of solutions focused on conservation, optimisation, recycling and reuse of resources, directed at addressing water challenges across the world.

2. Hindustan Construction Company (HCC)

- BUY For Rs 36 Target With Stop Loss Of Rs 30.50. Current Market Price: Rs 32.07

HCC is a pioneer in India's infrastructure industry, having executed landmark projects that have defined the country's progress since 1926. Maintaining its legacy of innovation in engineering and construction, the company continues to add new milestones with every passing year, building world-class infrastructure and creating new opportunities for everyone.

3. Gujarat Industries Power (GIPCL):

- BUY For Rs 21O Target With Stop Loss Of Rs 192. Current Market Price: Rs 196.05

Gujarat Industries Power Company Limited (GIPCL) was incorporated in the year 1985 as a Public Limited Company under the auspices of the Government of Gujarat. GIPCL has been promoted by leading Gujarat State Enterprises like Gujarat Urja Vikas Nigam Ltd. (GUVNL), Gujarat Fertilizers and Chemicals Ltd. (GSFC), Gujarat Alkalies and Chemicals Ltd. (GACL). The Company's equity shares are listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

Support and Resistance: Shiju Koothupalakkal - Technical Analyst at Prabhudas Lilladher sees Nifty to find support and resistance around 23300 and 23700 on Saturday, while Bank Nifty is expected to have resistance and support around 49000 and 50200.

On January 31, the Sensex ended at 77,500.57 higher by 740.76 points or 0.97%, while the Nifty 50 closed at 23,508.40 up by 258.90 points or 1.11%. From January 27th to 31st, Sensex and Nifty have witnessed a 2.3% jump each.

Year-to-date, however, both the benchmarks are down by around 1% each. In a year, from the last interim budget of February 1 to the upcoming budget 2025, Sensex has surged by 5,855.27 points or 8.17%, while Nifty 50 outperformed in percentage terms with gains of 1,810.95 points or 8.4%.