As India gears up for the Union Budget 2025, investors are looking for strategic stock picks and sectoral opportunities that align with the government’s economic roadmap. With market volatility, global uncertainties, and a push for domestic growth, this year’s budget is expected to emphasize infrastructure, manufacturing, and financial reforms. IPO Central brings you the top stock picks from Mr Santosh Meena, Research Head at Swastika Investmart, and Mr Prashant Tapse, Senior VP Research at Mehta Equities to help investors navigate the markets in the post-budget scenario.
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Top Stock Picks by Mr Santosh Meena (Swastika Investmart)
- Bajaj Finance (Large Cap) – With anticipated budgetary benefits for the middle class, Bajaj Finance is well-positioned to capitalize on increased credit demand and consumption-driven growth.
- Mahindra & Mahindra (M&M) (Auto & Rural Theme) – A strong play on India’s rural development and auto sector expansion, M&M is expected to benefit from government incentives targeting agricultural and infrastructure development.
- Bharat Electronics Limited (BEL) (Defense & Manufacturing Theme) – Given the continued emphasis on ‘Atmanirbhar Bharat’ and increasing defence budgets, BEL remains a strong investment choice in the defence manufacturing space.
- Narayana Hrudayalaya (Healthcare) – With the government focusing on healthcare infrastructure and expanding health insurance coverage, this stock stands to benefit from increased investments in the medical sector.
- Capacite Infra (Infrastructure) – With an expected boost in capital expenditure for urban development, Capacite Infra is poised to gain from the increased demand for high-quality infrastructure projects.
- SRF (Chemical Industry) – The chemicals sector continues to witness robust demand, and SRF remains a frontrunner in speciality chemicals and refrigerants, making it a strong contender for long-term growth.
- Divi’s Laboratories (Pharma) – As India solidifies its position as a global pharmaceutical hub, Divi’s Labs stands to gain from both domestic and international market expansion.
Top Stock Recommendations by Mr Prashant Tapse (Mehta Equities)
Sectoral Themes to Consider:
- Automobile Sector – The auto industry remains a key driver of economic growth, with a push toward EV adoption, policy incentives, and infrastructure development. Recommended stocks: Maruti Suzuki, Ashok Leyland, M&M.
- Infrastructure & Construction – With increased government spending on roads, highways, and smart cities, this sector offers lucrative opportunities. Recommended stock: Larsen & Toubro (L&T).
- Financial Sector & NBFCs – With a focus on digital banking and PSU bank privatization, financial stocks are poised for growth. Recommended stocks: State Bank of India (SBI), ICICI Bank.
- Real Estate & Housing Finance – Increased tax incentives for home loans and rising housing demand will benefit players in this sector. Recommended stocks: Oberoi Realty, DLF, Godrej Properties.
- Defense Sector – India’s push for self-reliance in defence manufacturing makes this sector attractive. Recommended stocks: Hindustan Aeronautics Limited (HAL), BEL, Data Patterns.
- Renewable Energy & Green Hydrogen – With a strong focus on sustainable energy solutions, government policies are expected to support renewable energy companies.
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Investment Outlook for 2025
With the Union Budget expected to focus on infrastructure, consumption, manufacturing, and financial sector reforms, these stock picks align well with the macroeconomic vision. Investors should maintain a balanced portfolio with exposure to high-growth sectors while considering risk management strategies. The budget’s impact on fiscal policy, interest rates, and capital expenditure will determine market movements in the months ahead.
Both Santosh Meena and Prashant Tapse emphasize a cautious yet optimistic approach, with a focus on companies poised to benefit from policy-driven tailwinds. As the budget unfolds, investors should monitor sector-specific announcements and global market trends to refine their investment strategies accordingly.
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Disclaimer: The above stock recommendations are based on expert insights and market trends. Investors are advised to conduct their own research and consult with financial advisors before making investment decisions.