Brokerage Picks: Stocks likely to gain big from Budget measures
infrastructure spending and increased focus on agricultural research and horticulture. The consumption sector is also expected to benefit from certain incentives announced, while housing finance and cement stocks are likely to be among key beneficiaries. Here are 15 stocks, five each from the large-cap, mid-cap, and small-cap segments from leading brokerages that could be key beneficiaries of the budget measures.
JM FINANCIAL SERVICES RESEARCH
BHEL CMP: Rs 311 | Target: Rs 360
Focus on nuclear plants as well as new advanced ultra-supercritical thermal power plants of higher efficiency with 800 MW capacity should benefit BHEL in a meaningful way.
PNB Housing CMP: Rs 781 | Target: Rs 970
Focus on affordable housing as budget announced following incentives PM Awas outlay and allocation of Rs 2.2 trillion under Pradhan Mantri Awas Yojana in the current year is a massive increase. This should help HFCs significantly with PNB Housing being the top pick.
Syrma SGS Technology CMP: Rs 470 | Target: Rs 525
Focus on manufacturing and an increase in basic customs duty on printed circuit board assembly of specified telecom equipment should benefit Syrma significantly.
MOTILAL OSWAL FINANCIAL SERVICES
Larsen & Toubro CMP: Rs 3623 | Target: Rs 4,150
The government has maintained the capex target of `11.1 trillion and we expect L&T to remain a key beneficiary of government spending, particularly in areas like water, urban transportation, bridges, B&F and renewables.
Godrej Properties
CMP: Rs 3,111 | Target: Rs 3,600
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