Budget 2023 picks: Buy LIC, Sona BLW Precision, KNR Constructions shares - Check price targets | Budget Stocks 2023 in India

Budget Stocks 2023: Market expert Sharad Avasthi has recommended shares of LIC to Zee Business viewers for bumper gains ahead of the Union Budget. The stock was recommended by Sharad in a special segment 'Budget 2023- My Pick' aired on Zee Business with Managing Editor Anil Singhvi.

Life Insurance Corporation

LIC is an Indian state-owned insurance group and investment company. It is under the ownership of the Ministry of Finance. Sharad recommended the counter in anticipation of announcements related to insurance in Budget 2023.

The company has compelling valuations among other insurance companies, he said.

LIC Share Price Target: Rs 1300

Duration: 1 Year

Shares of LIC have given a negative return of 19 per cent in the last one year.

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Sona BLW Precision 

Another market expert Ambareesh Baliga recommended shares of Sona BLW Precision for bumper returns. Sona BLW Precision Forgings Limited is engaged in the manufacturing of precision-forged bevel gears and differential case assemblies for automotive and other applications.

Ambareesh said it is among the fastest-going auto ancillary industries with an expected PAT CAGR of 35 per cent in the next 3 years. The company has high EBITA margins also has 25-26 per cent, he said.  

Sona BLW Price Target: Rs 585

Duration: 1 Year

Shares of Sona BLW have given a negative return of 44 per cent in the last one year.

KNR Constructions 

Market expert Sudip Bandyopadhyay has recommended shares of KNR Constructions. He said that KNR Constructions Limited (KNRCL) is a multi-domain infrastructure project development company providing (EPC) engineering, procurement and construction services across various fast-growing sectors namely roads & highways, irrigation and urban water infrastructure management.

Sudip said that the company's performance has improved and efficiency has increased.

KNR Constructions Share Price Target: Rs 325

Duration: 1 Year

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