Wednesday, February 3, 2021

STOCKS TO BUY IN FEB SERIES

 

LIMELIGHT STOCK FOR THE BUDGET EXUBERANCE


INFRA & CEMENT STOCKS - L&T and ultratech Cement stocks will be the biggest beneficiaries of the formation of DFI with the announcement of spending 5.54 lakh crore rupees on infrastructure and the states giving 2 lakh crore rupees for it.

HEALTHCARE STOCKS - Healthcare will get a boost by setting up a critical care hospital block in 602 districts, with the announcement of investing Rs 64,180 crore in the next 6 years in the PM Self-Reliant India Scheme. Under this, private players will also get entry under PPP model, which will benefit Narayan Hridayalaya, Apollo Hospital and Shalby.

TEXTILE STOCKS - Khop Mill, Gokaldas Exports and Arvind Ltd are expected to benefit the most from the announcement of the Mega Investment Textile Park with PLI scheme.

 AUTO STOCKS - Provision of Rs 18000 to purchase 20,000 buses for urban transportation is expected to further boost stocks of Ashok Leyland, Tata Motors, JK Tire and Apollo Tires. 

OIL AND NATURAL GAS - CGD network will be launched in 100 districts of the country in the next 3 years. These companies are expected to benefit from this.

ICICI BANK: ICICI Bank is expected to benefit the most from the announcements made in the bank stocks in the budget. The bank's margins are expected to increase further due to good asset quality, data analytics and growth drive technology.

ITC: ITC stocks are expected to pick up further due to non-increase in taxes on tobacco products and cigarettes. The company is now focusing on its volume growth.

DABUR INDIA: Among companies in the FMCG sector, Dabur India has recorded the best revenue growth. Also, the company's volume growth has also strengthened and its market share has increased. This will benefit those investing in the company.

SBI LIFE INSURANCE: SBI Life is India's largest private life insurance company based on Retail Annual Premium Equivalent (APE). Due to the favorable mass customer base, diversified distribution and the rational cost structure, its stocks are likely to gain momentum.

 A SHARP JUMP WILL EXPECT IN THESE STOCKS ALSO

IIFL Securities has suggested investors wager on stocks of ICICI Lombard General Insurance, Deepak Nitrite, JK Lakshmi Cement, Sudarshan Chemical and HG Infra Engg. The announcements in the budget will give a big jump in these stocks in the coming time. Therefore these stocks must be in your portfolio.
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