Stocks to buy before budget: After the results of the third quarter of domestic companies, investors are now eyeing the budget 2025 (Budget 2025). Union Finance Minister Nirmala Sitharaman will present the budget on February 1, 2025 amid challenges such as Bhurajnial crisis and sluggish increase in GDP. This will be the second general budget of the Modi government after the 2024 Lok Sabha elections. The budget will play an important role in shaping investors’s perception amid recession and increasing global uncertainty in domestic economic growth.
The brokerage firm Bajaj Broking has advised to buy three stocks APJ APJ Surendra Park Hotels, DCX System and Ion Exchange (India) before the budget. Brokerage said that some major sectors in the budget are expected to be important resources. Keeping this in mind, we have identified such shares of selected sectors that reflect fundamental and strong technical signs.
Put bets on these 3 stocks before the budget;
Park Hotel: Target Price 235 | Recomeded Price 190-200 | Upside Return 21%|
Bajaj Broking has advised to buy the hotel and restaurant sector shares APJ Surendra Park Hotels LTD in the range of Rs 190 to 200. Brokerage has fixed the target price of Rs 235 on stock. In this sense, the stock can give a return of 21% in the long term. Park Hotels shares were trading at Rs 5.80 or 3.07% to 182.90 on BSE on Wednesday.
Talking about the performance, the stock performance has been flat in the last one month. Whereas in the last three months, it has risen 21.81%. The 52 week high of the stock is Rs 234.50 while the 52 week is Rs 138.20. The total market cap of stock on BSE is Rs 3,902 crore.
DCX System: Target Price 449 | Recomedid Price 355-380 | Upside 24%|
Bajaj Broking has advised to buy Defense Stock DCX System in a range of Rs 355-380 in the second stock option. Brokerage has fixed the target price of stock at Rs 449 on the basis of strong order. In this way, the stock can show an upset of 24% in the long term from the recommended price.
The shares of the DCX system closed on Friday (January 24) with a decline of more than 3% on BSE. The stock has fallen 10.45% in the last one month. While the stock has climbed about 11% in the last 3 months. The 52 week high of the stock is Rs 452 while the 52 week is Rs 235. The total market cap of stock on BSE is Rs 3,666 crore.
Ion Exchange (India): Target Price 780 | Recomedid Price 615-660 | Upside 23%|
Brokerage has advised to buy the Water Management Sector Share Ion Exchange (India) Limited between Rs 615-660 as the third stock. Also, a long -term target price of Rs 780 has been given on the stock. In this way, the stock can give an upside return of 23% in the future from the recommended price. Brokerage said that the stock is in a strong trend in the long -term chart making high and higher lows.
The shares of the Ion Exchange closed over Rs 592 with a decline of more than 4% on BSE on Thursday. At the same time, the stock has broken around 9% in the last one month. The stock has fallen 13.31% in the last six months. However, the stock has climbed 9.06% in the last one year. The 52 week high of the stock is Rs 767 and 52 week is Rs 407. The total market cap of stock on BSE is Rs 8,695.13 crore.
(Disclaimer: Brokerage has advised shopping in shares here. Investment in the market which is subject to Khimon. Consult your advisor before making investment decisions.)