Budget 2021 Stock Picks: Simi Bhaumik recommends Tata Motors, ICICI Bank shares today for great returns

Budget 2021 Stock Picks: While the Union Budget 2021 is just a few hours away, stock market investors and jobbers are jittery as to which way the market will go post-budget presentation. To solve problems of such share market investors and ensure good returns, SEBI registered technical equity analyst Simi Bhaumik has suggested Tata Motors and ICICI bank shares to buy today. Bhaumik said that one should buy these shares when the market opens and advised to maintain strict stop loss as well.

Speaking on the first share to buy before the budget presentation by Finance Minister Nirmala Sitharaman; Simi Bhaumik said, "My first stock market pick of the day is Tata Motors shares. There is speculation that Nirmala Sitharaman would make some announcement in regard to the long-awaited scrappage policy. Apart from this, post-COVID-19 pandemic, commercial vehicle segment is expected to pick up and hence these two together makes Tata Motors shares a good pick ahead of the budget 2021.'

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On her suggestion in regard to the Tata Motors share price outlook, Simi Bhaumik said, "One should buy Tata Motors shares for the target up to Rs 280-310 maintaining the stop loss at Rs 240 per stock levels."

On her second stock market pick ahead of the budget 2021 Bhaumik said, "My second pick of the day is ICICI Bank shares. One can buy ICICI Bank stocks ahead of the budget for the target of Rs 570 to Rs 580 per stock levels maintaining the stop loss at Rs 520."