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Budget Stock Ideas 2024-2025 | Stocks to Buy Today

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Synopsis:

Discover top Budget Stock Ideas and stocks to buy post Union Budget 2024-2025. Bajaj Broking Research Desk recommends Natco Pharma, Career Point, Himadri Speciality Chemical, Protean eGov Technologies, and NCC Ltd.

Investment Opportunities Post Union Budget 2024-2025

The Union Budget 2024-2025, presented by Finance Minister Nirmala Sitharaman, has introduced several key initiatives aimed at boosting various sectors of the economy. This detailed analysis will explore the stocks to buy, recommended by the Bajaj Broking Research Desk, focusing on the share market today, and the implications for investors in the stock market.

Stocks to Buy

Natco Pharma

  • Recommended Range: ₹1220-1260
  • Target Price: ₹1560
  • Upside: 26%
  • Time Horizon: 6 months
  • Rationale: Natco Pharma has consistently excelled in manufacturing complex generic products, particularly for the US market. The stock has shown a breakout above the last 8-year range, signaling a potential upward movement towards ₹1560. Investors looking at the stock market today can consider this as a viable option for substantial returns.

Career Point

  • Recommended Range: ₹430-450
  • Target Price: ₹560
  • Upside: 27%
  • Time Horizon: 6 months
  • Rationale: Career Point Ltd is a diversified education service provider. The budget allocation of ₹1.48 lakh crore for skilling and education underpins its growth potential. The stock's breakout above a bullish flag formation suggests a continuation of its upward trend, making it a promising stock to buy.

Himadri Speciality Chemical

  • Recommended Range: ₹390-410
  • Target Price: ₹510
  • Upside: 27%
  • Time Horizon: 6 months
  • Rationale: Himadri Speciality Chemical, a leading manufacturer of carbon materials and chemicals, is poised for growth with its focus on raw materials for lithium-ion batteries. The stock has broken out above a 6-month range, indicating a potential rise to ₹510.

Protean eGov Technologies

  • Recommended Range: ₹1640-1690
  • Target Price: ₹2075
  • Upside: 26%
  • Time Horizon: 6 months
  • Rationale: Protean eGov Technologies holds a dominant market position in financial and digital services in India. Its strategic shift towards modern businesses, including Open Digital Ecosystems (ODE), and strong financial health make it a stock to buy in the stock market today.

NCC Ltd

  • Recommended Range: ₹320-340
  • Target Price: ₹418
  • Upside: 27%
  • Time Horizon: 6 months
  • Rationale: NCC Ltd is a leading construction company with a robust order book. The company's strong focus on working capital and execution capabilities make it a strong buy, with the stock showing signs of breaking out above a 2-month range.

Key Sector Highlights from Budget 2024

Agriculture

  • Natural Farming: 1 crore farmers will be initiated into natural farming with support for certification and branding.
  • Shrimp Production: Financing through NABARD for shrimp farming and export.

Employment and Skilling

  • PM’s Package: Three schemes for employment-linked incentives, focusing on first-time employees, job creation in manufacturing, and support for employers.

Manufacturing and Services

  • MSME Support: Enhanced credit guarantee schemes and mandatory onboarding in TReDS for MSMEs.

Conclusion

The Union Budget 2024-2025 has laid a strong foundation for various sectors, offering numerous opportunities for investors in the share market today. The highlighted stocks – Natco Pharma, Career Point, Himadri Speciality Chemical, Protean eGov Technologies, and NCC Ltd – present significant potential for growth. Investors should consider these recommendations and keep a close watch on the developments in the stock market to maximize their returns.

Disclaimer : Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only, it should not be construed as investment advice. Securities quoted are exemplary and not recommendatory. 

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