In My last article, I mentioned about trading budget and market related to budget. In this one I will shed light on the stocks in my radar screen which I feel would provide some trade opportunities post budget.
Here are my picks:
1.BEML
Bharat Earth Movers Limited now known as BEML is an Indian Public Sector Undertaking, with headquarters in Bangalore. It manufactures a variety of heavy equipment, such as that used for earth moving, transport and mining.
Affected by: Mines and Minerals (Development and Regulation) Amendment Bill
Present status
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2.HCC
Hindustan Construction Company (HCC) is headquartered in Mumbai, India. HCC’s businesses span the sectors of Engineering & Construction, Real Estate, Infrastructure, Urban development & Management.
Affected by: Constitution Amendment Bill
Present status
3.Canara-Bank
Canara Bank is an Indian state-owned bank headquartered in Bangalore, Karnataka. It was established in 1906, making it one of the oldest banks in the country; the bank was nationalized in 1969.
Affected by: Insurance Laws (Amendment) Bill, Citizenship Amendment Bill
Present status
4.Indian Oil
Indian Oil Corporation Limited, or Indian Oil, is an Indian state-owned oil and gas corporation with its headquarters in New Delhi, India. Indian Oil and its subsidiaries account for a 49% share in the petroleum products market, 31% share in refining capacity and 67% downstream sector pipelines capacity in India.
Affected by: Mines and Minerals (Development and Regulation) Amendment Bill
Present status
Dear Mr. Balaji, I appreciate your effort in putting down the Budget related stocks analysis.. This will help people to choose the right action during tmrw… Best wishes…