Stock market – 3 Stocks to Watch from 3 Budget key Announcements

 

 

Stock market – First Key Point

 

The PM Gati Shakti scheme, highways will be expanded by 25,000 km in 2022–23. The allocation under the scheme has been increased to 19000 Cr increase from the previous year. This incremental allocation is a part of the government’s rural-development programmes.

stock market –

Stock to Watch :  IRB INFRASTRUCTURE The company has extensive experience in the construction of roads and highways, with a portfolio comprising 23 road projects worth around 54000 Cr as of FY21. it won EPC (engineering, procurement and construction) contracts worth `7,200 crore.

CMP     221.50   (as on Friday ,4-3-22)

Target  320.00

Stop Loss 180

Time Horizon 12 Months

Stock market – 

Second Key Point

The ‘Drone Shakti’ scheme, the central government aims to incentivize start-ups engaged in drone manufacturing and other related solutions. Further, to promote the use of ‘Kisan drones’, which will be used for various agriculture-related purposes.

Stock market – 

Stock to Watch : RELIANCE INDUSTRIES Through its subsidiary ‘Reliance Strategic Business Ventures’, the company has made significant investments in Asteria Aerospace, a drone manufacturing start-up. In addition to manufacturing drones, the start-up provides an end-to-end drone-as-a service solution to various sectors.

CMP 2337.95        (as on Friday ,4-3-22)

Target  2700.00

Stop Loss 2075.00

Time Horizon 12 Months

Stock market – 

Third Key Point:

Under the Jal Jeevan Mission, the central government has planned to provide piped tap water to 3.8 crore households in 2022–23, with an investment of 60,000 CR. At present, the scheme covers around 8.7 crore households and out of them, 5.5 crore households have already received tap water.

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Stock to Watch: FINOLEX INDUSTRIES It is the largest manufacturer of PVC pipes, with a market share of 20 per cent in the organized space. The company is fully backward integrate, as it manufactures the primary raw material PVC resin and also generates revenue by selling it.

CMP  148.90    (as on Friday ,4-3-22)

Target   234.51

Stop Loss 115.46

Time Horizon 12 Months

Dear Readers, if you stuck in some equity investment & need expert advice then email us, we will reply on particular stock!

Vivek Dhumale

 

SEBI Registered Research Analyst

[email protected]

www.hotshotadvisory.com

 

Also Visit : https://www.postboxlive.com