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Budget Stock 2023: Both individuals and stock market investors have high hopes for Budget 2023. There are expected to be some major announcements from Finance Minister Nirmala Sitharaman which will boost infrastructure stocks after the 2023 budget. With this expectation, you can bet on L&T stock.
L&T shares closed at Rs 2,216.90 on Tuesday, up 3.73 percent. So far this year, it has given a profit of Rs 127.45 per share. Motilal Oswal’s Chandan Taparia has a buy recommendation on five stocks ahead of the 2023 budget, including NCC, Cummins India, Siemens, KNR Construction along with L&T.
Also read: There is wisdom in buying NCC shares before budget, the price can reach ₹93 to ₹105
This stock with a market capitalization of Rs 300354.4 crore has given a return of more than 28 percent in the past six months. Experts are so bullish on this moderate-risk stock that 36 out of 37 have given buy advice on it. 18 analysts have given an immediate buy rating. At the same time, only one analyst is advising to sell.
Also read: Dow Jones down 391 points, SGX Nifty up 40 points, indicating a rise in the domestic market
Profitmart Securities head of research Avinash Gorakshkar said: “With infrastructure being one of the most employment-generating sectors after agriculture, it is expected to receive special attention in the upcoming budget. Ahead of the 2023 budget NCC, KNR Construction , Cummins India, it makes sense to buy stocks like L&T etc.”
(Disclaimer: The recommendations, suggestions, views and opinions given by the experts are their own and not those of Live Hindustan. The information provided here is only about the performance of the shares, it is not investment advice. Investing in the stock market is subject to risk and consult your adviser before investing).