Share markets loved Finance Minister Nirmala Sitharaman’s Union Budget 2021 — benchmark Sensex and Nifty soared as much as 5% each at the close of the day’s trade. The shining stars were banking and infrastructure shares, which jumped following the big push by the FM to clear the sludge in the system, and get the money flowing. The Budget day’s surge share markets follows a stellar rise of benchmark indices, as well as broader markets, over the last one year. Earlier, brokerage firm IIFL Securities shared its pre-budget recommendations on key stocks to watch out for gains from the Budget 2021. IIFL Securities has now updated its outlook on all the 20 stocks, explaining how the Budget impacts each one.
These stock and company analyses share the outlook of IIFL Securities on the impact that Budget 2021 will have on select shares across industries and market capitalisations. The widgets contain the latest market price of each stock, the target price of each company over a specified time period, and a short analysis of how the budget could impact each stock. The widget has details about the 52-week high low and the PE ratio of each stock. It also contains quick links to the company’s financial statements such as P&L and Balance Sheet. Readers can express their view on the stock by using the buttons at the end of the widget and can share their outlook on social media.
Analysis and Recommendations are provided by IIFL Securities Ltd. Financialexpress.com’s Stock Market Interactive does not provide individual or customized investment services. Since each individual’s situation is unique, a qualified professional should be consulted before making financial decisions.
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The views expressed in this document reflect personal views of the Analyst about the subject, company or companies and its or their securities and do not necessarily reflect those of IIFL Securities. The research analyst neither has any financial interest in the subject, company(ies) nor owns 1% or more of the Equity securities of the said company(ies) during twelve months preceding the date of publication of the report. Further, the analyst has not served as an officer, director or employee of the subject or company, nor any part of the analyst’s compensation was, is or will be, directly or indirectly related to specific recommendations or views expressed in this document. The Research analyst also does not have any other material conflict of interest at the time of publication of the report.