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:
|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|
|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.