Stock Picks For Budget 2022: Angel One List Its 8 Budget Picks

Like other experts and brokerages, Angel One - a heavy research backed brokerage house has come up with its BFSI and non-BFSI picks for the Budget. Here they are tabulated below:

Stock Picks For Budget 2022: Angel One List Its 8 Budget Picks

Non-BFSI picks

Stocks	CMP
Sona BLW	Rs. 650
Kalpataru Power	Rs. 394
Carborundum Universal	Rs. 854
JK Lakshmi	Rs. 594
Stove Kraft	Rs. 891
Bajaj Electrical	Rs. 1159
Oberoi Realty	Rs. 893

BFSI picks

Stocks	CMP
Cholamandalam Investment and Finance Company	Rs. 644

The brokerage is of the belief that the upcoming budget shall target gradual fiscal consolidation, though thrust at the same time shall be given to critical segments including housing, infrastructure and manufacturing along with continued efforts to boost the rural Indian economy. On the tax front, the brokerage expects no major changes given the already constrained government on the fiscal front, nevertheless the government may do its bit to leave more disposable money in the hands of Indians. Furthermore as there is deficit in the divestment receipts, fiscal deficit is expected to be marginally ahead of budget estimates of 6.8% with a likelihood of 10-20bps slippage in the deficit figure.

Disclaimer: The above stocks are taken from Angel One report titled Union Budget 2022-23 preview.

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