Zee Business, which always works with the sole idea of generating wealth for its viewers and investors, has once again brought some stock picks that are set to benefit from the provisions in the upcoming Union Budget 2021. Managing Editor Anil SInghvi looks to ensure that investors make wise choices while picking stocks. In this programme, Zee Business talks to market experts and brings forth their opinion and recommendation.  

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Market analyst Siddharth Sedani on Monday revealed his budget stock pick. In ‘BudgetMyPick’ programme of Zee Business, he said the share he is recommending has made India proud and will strengthen our defense system.  

Picking Hindustan Aeronautics Limited (HAL) as his budget pick, Sedani said this scrip from defence sector should be bought with long-term vision. “This company builds fighter jets, military helicopters, their engine, parts and accessories. HAL also designs their manufacturing. Target for this stock will be Rs 1150,” said the market analyst. The stock was trading around Rs 910 during Monday’s trading session.  

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Talking about fundamentals, he said Hindustan Aeronautics Limited has strong order book of Rs 54,000. “On growth front, the company could grow with 13 per cent CAGR in years to come. Margins of the company could be around 20 per cent. And the most significant is that the company could manufacture and export civil aircraft and it also has a very strong balance sheet,” he added.