Britannia Industries Ltd., Emami Ltd., Indian Railway Finance Corp., Maruti Suzuki India Ltd., and State Bank of India are among analysts’ ‘buy’ calls on the Budget day.
Finance Minister Nirmala Sitharaman is set to present the Budget 2025 later in the day.
Axis Securities Senior Vice President of Technical Derivatives Rajesh Palviya, Adlytick.in’s Founder and Multi Asset Research Analyst Aditya Arora, StoxBox Technical Analyst Kushal Gandhi and Angel One Technical and Derivatives Research Analyst Osho Krishnan gave their calls for the stocks mentioned above.
Britannia Industries
Britannia Industries Ltd. got a ‘buy’ call from Rajesh Palviya, a senior vice president of technical and derivatives research at Axis Securities. The target price is at Rs 5,300, which implies a 3.33% upside from the current market price.
Britannia Industries ended 1.06% higher at Rs 5,129.05 apiece on Friday.
Emami
Emami Ltd. has a buy recommendation from Adlytick.in’s Founder and Multi Asset Research Analyst Aditya Arora. He gave a target price range of Rs 621-Rs 640 apiece. The target range implied an upside potential of 5.65–8.9% from Friday’s closing price.
Emami reported Monday that its consolidated net profit grew 8% on the year to Rs 279 crore. The topline grew 5.3% on the year to Rs 1,049 crore during October-December.
Emami share price closed 2.903% higher at Rs 587.80 apiece.
IRFC
Indian Railway Finance Corp has a ‘buy’ call from Rajesh Palviya, senior vice president of technical and derivatives research at Axis Securities. He gave a target price of Rs 165 apiece, which implied a 9.28% upside from Friday’s closing price.
Indian Railway Finance Corp share price closed 1.86% higher at Rs 150.99 apiece Friday.
Maruti Suzuki India
StoxBox Technical Analyst Kushal Gandhi recommends buying Maruti Suzuki India Ltd. He gave a target price of Rs 13,383 apiece, which implied 8.73% upside from Friday’s close.
Maruti Suzuki India shares ended 2.57% higher at Rs 12,308.25 apiece Friday.
State Bank of India
State Bank of India got a ‘buy’ call from Osho Krishnan, technical and derivatives research analyst from Angel One. The target price was at Rs 810 apiece, which implied a 4.8% upside from Friday’s close.
State Bank of India settled 1.38% higher at Rs 773.10 apiece.
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. Read more on Markets by NDTV Profit.Indian Railway Finance Corp. and Maruti Suzuki India have the most upside potential among these stocks, according to analysts. Read MoreMarkets, Business, Notifications, Budget
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