Best stocks to buy before union budget | Fusion - WeRIndia

Best stocks to buy before union budget

Best stocks to buy before union budget

The union budget is coming up soon. This will make a lot of changes in the market.

During this time, it is expected certain shares will perform well compared to others.

By investing in these stocks before the union budget on Feb 1, 2017, one can make a good profit.

It is time to look at certain stocks to buy. These stocks and here are a few that could benefit from the Union Budget 2017-18.

The following suggestions are being made with two expert assumptions:

The first is that there would be some increase in the tax slabs or other tax benefits like sec 80C which results in higher disposable income and the second is that there will be a boost to the rural farm output.

With that said, the following are the stock suggestions.

Hero Honda

This company will likely do well because it appeals to low and mid segment of the market. The stock is not too very expensive either.

Kaveri seeds

These stocks are likely to be successful.

This is because of the likely boost in agriculture sector in this budget. Kaveri seeds is one of the top players in this sector. Investing in them is likely to give profits.

Jain Irrigation

This is also another top player in the sector.

The stocks of the company has performed consistently well since the last few years.

The stock however is pricier than Kaveri seeds.

Bajaj Auto

If the government increases tax slabs, Bajaj Auto would likely benefit.

The company has an EPS of Rs 155 at the very least in the recent past.

This stock is perfect for those who have long term in mind.

Mahindra and Mahindra

Being one of the largest tractor manufacturers in the world, there is a high chance for their stock going up after the budget.

Image by Ishant Mishra from Pixabay (Free for commercial use)

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