Monday, 23 February 2015

STOCKS TO BUY FOR UNION BUDGET 2015-16

In a week's time from now, Union Budget 2015-16 would be unveiled by Finance Minister, Arun Jaitley. The Union Budget is being unveiled on Saturday and while there were apprehensions on whether there would be trading on Saturday, the NSE and the BSE have announced that there would be trading on this day.
It's going to be an extremely volatile session on the day of the Budget, simply because there is so much expectations this time around. If this is not a dream budget, chances are there could be huge selling pressure in the markets.
Here are a few shares to buy ahead of Union Budget 2015-16.
L&T:
L&T is first to get benefited from infrastructure projects like highway, railways and housing. Upcoming spending in defense area will also help company like L&T. L&T is outperforming since few days and likely to touch 52 week high soon. It is recommended to buy L&T stock before union budget 2015-16.
Syndicate Bank :
There are reports that there might be fresh infusion of funds in public sector banks in the Budget and Syndicate Bank could be a beneficiary.
One of the several reasons to buy Syndicate Bank is that it is one of the best PSU banks in terms of managing its asset quality.
HCC :
If the government gives a boost to the infrastructure sector in the Union Budget, HCC would be the stock that could gain. Another reason is that any reduction in interest rates is likely to benefit infrastructure players like HCC. We actually see interest rates being lowered by the RBI which could boost the stock. A good bet from the medium to long term perspective.

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