ITC, Tata Power, and 4 other stocks are pre-budget picks with double-digit upside seen in 3-4 months5 min read 18 Jan 2023, 03:52 PM IST
The brokerage is expecting a double-digit upside in these six stocks with target prices likely to be achieved in a 3-4 months timeframe. These six stocks are Power Finance Corp, ITC, Tata Power, NTPC, Siemens, and Chambal Fertilisers and Chemicals.
Apart from the Q3 earnings season, investors' focus has also shifted toward Union Budget 2023 which is less than two weeks away. Markets have majority of the time seen positive momentum during the pre and post-budget days in the past. Ahead of the main budget announcement, brokerage LKP Securities is bullish on six stocks and identified them as pre-budget picks. These stocks are from diverse sectors like FMCG, infrastructure, Agri, and power among others.
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