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Stock Market
Best Stock to buy before Union Budget 2015 -2016

Best Stock to buy before Union Budget 2015 -2016

Raviraj Parekh May 11, 2015

Budget 2015

Sensex is at all-time high. FII inflows are at peak. Looking at ongoing economic reforms it seems market rally will continue in 2015. Union Budget is nearby and expectation from budget 2015-16 is pretty high.

Sectors which are expected to flourish post budget are Infrastructure, defense and manufacturing. Government may announce major projects for national highways, railways, rural roads, housing etc. Heavy spending on defense and renewable energy resources will be on card. Tax sops will be announced for manufacturing sector in budget.

Technically Nifty has support level on 8500 and 8300. Unless this level is lost I do not expect major correction in stock market. Most of expert believes that Sensex will cross level of 31000 in 2015.

Do not miss below posts -
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Let us look at best stocks to buy before Union Budget 2015-2016. 

Best Stocks to buy before Union Budget 2015-2016 

L&T

CMP – 1697 Rs/-

Target price – 1875 Rs/-

L&T is first to get benefited from infrastructure projects like highway, railways and housing. Upcoming spending in defense area will also help company like L&T. L&T is outperforming since few days and likely to touch 52 week high soon. It is recommended to buy L&T stock before union budget 2015-16.

Ultratech Cement

CMP – 3125 Rs/-

Target price – 3820 Rs/-

Cement sector is next beneficiary of government spending on roads and housing projects. Cement demands will grow exponentially with these projects. Stock like Ultratech cement, which has expanded capacity by 50% in last two years, is likely to lead the market. It is recommended to buy Ultratech cement with target price of 3820 Rs/-.

Also Read – 7 Best Large cap stocks to buy 2015

Asian paints

CMP – 909 Rs/-

Target price – 1020 Rs/-

Asian Paints is one of the largest paint manufacturers. Asian paints will be benefited from demand in paint arising from new requirement of housing sector. It is recommended to buy Asian paints before budget 2015.

Maruti Suzuki

CMP – 3722 Rs/-

Target price – 4000 Rs/-

Reduction in crude price will cause further reduction in petrol price & ultimately demand in auto sector is likely grow in 2015. Budget may bring reduction in excise duty and other concession for this sector. Stay invested in this stock and if possible increase holding.

Axis Bank

CMP- 589 Rs/-

Target price- 700 Rs/-

Under Banking & Finance umbrella Axis Bank is identified stock for investment. This stock is likely to perform better in future. It is recommended to invest in Axis bank with target price of 700 Rs/-.

Apart from above stocks other stocks which will be benefited by upcoming budget are IRB Infra, Havells India, Supreme Industry, Kajaria Ceramics, Century Plywood, Berger Paints, ACC, JK Laxmi Cements & Bharat Forge.

So, Keep buying good stocks and enjoy benefit of returns.

Also Read – Mid cap and small cap stocks give 500% return in 2014-15

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Tags:best stock budget budget 2015 stock market budget 2015 top stock 2015 top stock before budget

About The Author

Raviraj Parekh

Raviraj is the man behind moneyexcel.com. He is PGDBA, engaged in blogging for 10 years. Moneyexcel blog is ranked as one of the Top 10 Personal Finance Blog in India. He is not affiliated with any financial product, service provider, agent or broker. The purpose of this blog is to spread financial awareness and help people in achieving excellence for money. Please note that the views expressed on this Blog/Comments are clarifications meant for reference and guidance of the readers to explore further on the topics. These should not be construed as investment advice or legal opinion.

2 Comments

  1. Parbodh Chander

    If a girl child is already having PPF account. Can she open an acciunt under Sukanya Samiriddi.

    June 8, 2015
  2. Raviraj Parekh

    Yes she can open Sukanya samrridhi Account.

    June 12, 2015

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