Bet on these 5 stocks ahead of the budget, the brokerage claims, and you’ll get huge profits.

New Delhi. Finance Minister Nirmala Sitharaman will present the full budget on July 23. The budget is expected to focus on infrastructure, capex and manufacturing. Brokerage firm Motilal Oswal also believes the same. The brokerage said in a note that with the elections over and the NDA returning to power, the policy continuum will further drive the overall economic momentum. The brokerage has suggested five stocks to investors, in which pre-budget investments can fetch good returns.

Motilal Oswal’s budget also includes shares in Godrej Properties. The share closed at Rs 3,265 on Friday (July 12). The brokerage says Godrej Properties will continue to grow. Motilal Oswal has set a target price of Rs 3,725 on Godrej Properties.

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Brokerage is also bullish on EI Industries.
Motilal Oswal is very happy with KEI Industries, which is engaged in manufacturing and marketing of power cables – extra high voltage (EHV), high tension and low tension, specialty cables, house wires and other products. KEI Industries is the second largest company in the cable and wire industry and will maintain 11 percent margin in FY25, the brokerage said. On Friday, this mid-cap share closed at Rs 4,581. The brokerage has set its target price at Rs 4,560.

PNB Housing Finance
Motilal Oswal has suggested buying PNB Housing Finance shares before the budget. The shares closed at Rs 810 on Friday. The brokerage says that the share may go up to Rs 1,015 in the near future. Motilal Oswal says PNB Housing is poised to overcome short-term issues at NIM and improve product mix.

Invest in Angel One.
Motilal Oswal recommends Buy on shares of Angel One with a target price of Rs 3,400. Shares of Angel One closed at Rs 2,243.80 on Friday. Angel One is now in a good position to grow its business after raising Rs 1,500 crore in funds, the brokerage said.

Kalyan Jewelers is said to have a share of earnings.
Motilal Oswal has also recommended buying shares of Kalyan Jewelers ahead of the budget. It is known for its product range and strong brand image. The company is working on an expansion plan. He expects margins to increase going forward.

(Disclaimer: The stock mentioned here is based on the advice of the brokerage houses. If you want to invest in any of them, consult a certified investment advisor first. News 18 of any profit or loss you make. will not be responsible).

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