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Stock market – 2 Stocks to Watch from 2 Budget key announcements

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Stock market – 2 Stocks to Watch from 2 Budget key announcements

Stock Market – First Key Point

The capital expenditure for the defense sector has been increased by 13 per cent to 5.25 lakh crore for FY23. Out of this, 68 per cent will be allocated to the domestic industry as against 58 per cent in FY22. In a bid to spur partnership with private players, a quarter of the defense R&D budget has been reserved for private players.

Stock Market –

Stock to Watch :  DATA PATTERNS (INDIA), This vertically integrated defense and aerospace solutions provider boasts of over three decades of experience. Its products and sub-systems, which are manufactured in-house, cater to the entire manufacturing value chain, right from industrial and test automation to space systems and aerospace systems through DRDO.

CMP     663.30   (as on Friday ,11-3-22)

Target  835.00      

Stop Loss 610.00

Time Horizon 12 Months

Stock Market – Second Key Point

5PLI for manufacturing solar modules The allocation under the production linked incentive (PLI) scheme for manufacturing high efficiency solar cells and modules has been increased from 4,500 crore to 24,000 Crore – an increase of a whopping 433 per cent. The move is in line with the government’s goal to achieve 280 gigawatts of installed solar capacity by 2030.

Stock to Watch :   Tata Power Solar Systems, the company’s subsidiary, is India’s largest integrated solar company. Apart from manufacturing solar modules and cells, it offers solar rooftop solutions and water pumps. It is also involve in provide EPC services for solar-power projects.

CMP 233.15       (as on Friday ,11-3-22)

Target  275.00

Stop Loss 204.00

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]

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