Budget 2021 Stock Picks: Bharat Dynamics is a top stock for good returns, says Ambareesh Baliga

Budget 2021 Stock Picks: Market expert Ambareesh Baliga on 'Budget My Pick' programme of Zee Business revealed his stock pick that could generate good return for investors. Baliga talking about his Budget 2021 stock pick said the theme of this budget would be 'Atmanibhar Bharat' and hence he has picked a stock from defence sector. 

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Revealing his stock pick, Baliga said, "My stock pick for budget 2021 would Bharat Dynamics, which makes missiles.  It is a PSU Miniratna company and has started with anti-tank guided missile and now it has diversified its products.  It now also makes underwater weapon systems and air-to-air missiles among other products. It is sole supplier of these products to the Indian Army.  Defence related market is around Rs 1,80,000 crore and it is growing at 5% per annum."

About order book position, Baliga said the company has a order book of Rs 8100 crore and it is expected that over three to four years, it will soar to around massive Rs 25,000 crore.

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From analysis perspective there is only one risk of 'client concentration' as its client primarily is the Ministry of Defence, he said. However, there is also advantage to it as the company will never run short of orders, the market expert added.