Just In
-
This Stock Can Gain Sharply In Short Term, Highest Subscriber Additions Reported: Check Profile -
Will Gold Rates Rise Again?: Equities Falling, Sturdy Inflationary Concerns -
Shriram City Union Finance Hikes Interest Rates On Fixed Deposits, Check Latest Rates Here -
This Dynamic Asset Allocation Fund Delivered 9.04% Returns On 2 Years SIP - Should You Invest?
Don't Miss
-
Sarkaru Vaari Paata Day 8 Box Office Collection: Mahesh Babu's Film Picks Up Pace Towards The Weekend -
Flipkart Big Bachat Dhamaal Sale: Get Special Discount On Best Smartwatches -
Monitoring the situation: MEA on reports of second Chinese bridge over Pangong Tso lake -
IPL 2022: RCB vs GT: Virat Kohli powers Royal Challengers to smooth win; stay alive in playoffs race -
2022 Mahindra Scorpio To Debut On June 20 -
Stunner Alert! Sobhita Dhulipala looks spell-binding in golden gown PICS -
CUET PG 2022 Registration Begins Today, Exam To Be Held In July, Check Details -
Kashmir Great Lakes Trek - this Monsoon visit the most beautiful trek in India
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:
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.
GoodReturns.in
