Top 5 picks for budget 2023

1- IRCON International Limited

• IRCON is an engineering and construction company that specializes in the building of major infrastructure including railways, highways, bridges, flyovers, tunnels, metros, and railway electrification.
• As the government continues to prioritize infrastructure development, IRCON International Limited may be a worthy stock to keep an eye on.
• Return on Equity is 12%
• It is currently trading at a CMP of 58.30 with a PE of 7.8

2- HAL (Hindustan Aeronautics)

• Hindustan Aeronautics Ltd is an aerospace and defense PSU company, owned by the govt. of India. The company develops, designs, manufactures, and supplies aircraft, helicopters, avionics, and communications equipment for military and civil markets. It also provides repair, maintenance, and support services for aircraft.
• Many wealth managers are bullish on defense stocks as a result of robust order books and the government's push for localization.
• The return on Equity is 29%.
• Stock is trading at a CMP of 2,526.00 with a PE of 14.3

3- CONCOR (Container Corporation of India)

• Container Corporation of India is a leading player in the container terminal operator industry, holding a commanding 65% market share with an extensive network of 60 terminals.
• As the government has announced plans to divest a portion of its stake in the company, it is widely anticipated that the upcoming Union Budget will provide further details on the schedule for the stake sale.
• Return on Equity is 10%
• Currently the stock is trading at a CMP of 648.30 with a PE of 34.4

4- Tata Power

• Tata Power is one of the leading integrated power companies in India. The company, with a strong presence across the value chain and backward integration, is well-positioned as the top private player in the power sector.
• Numerous countries around the world, including India, are embracing renewable energy sources like solar and wind to mitigate the effects of climate change, which will result in an increase in the output of renewable energy.
• Tata Power Renewable Energy (TPREL), a subsidiary of Tata Power, has reached the capacity of 6,048 MW with an installed capacity of 3,884 MW (Solar – 2,956 MW & Wind – 928 MW) and 2,164 MW under various stages of implementation.
• Return on Equity is 3.15%
• Stock is currently trading at a CMP of 202.50 with a PE of 25.3

5- KNR Construction

• KNR Construction is a multi-domain infrastructure project development company providing engineering, procurement, and construction services across various fast-growing sectors namely roads & highways, irrigation, and urban water infrastructure management.
• It is anticipated that the government will allocate additional funding to the roads ministry to accelerate the construction of more than 50 km of highways daily.
• Return on Equity is 17.1%
• It Is currently trading at a CMP of 254.00 with a PE of 18.

 

 

 

ABOUT THE AUTHOR

Ketan Sonalkar (SEBI Rgn No INA000011255 )

Ketan Sonalkar is a certified SEBI registered investment advisor and head of research at Univest. He is one of the finest financial trainers, with a track record of having trained more than 2000 people in offline and online models. He serves as a consultant advisor to leading fintech and financial data firms. He has over 15 years of working experience in the finance field. He runs Advisory Services for Direct Equities and Personal Finance Transformation.

Note – This channel is for educational and training purpose only & any stock mentioned here should not be taken as a tip/recommendation/advice

You may also like: Asian Paints Q3FY23 Results : Muted sales growth lead to below expectation results