Budget 2022: Exclusive Research: Know which stocks will follow trend upwards ahead of budget

A month before budget 2022, Zee Business’ Managing Editor, Anil Singhvi, discusses Varun Dubey, Senior Research Analyst at Zee Business, Mudit Goyal, Sr research analyst at SMC Global Securities and market analyst Sandip Jain about the stocks expected to move the most. Find out which stocks will witness progress and downfall.

Mudit Goyal said that he could see triangular pattern breakout in the weekly charts.

A month before budget 2022, Zee Business’ Managing Editor, Anil Singhvi, discusses Varun Dubey, Senior Research Analyst at Zee Business, Mudit Goyal, Sr research analyst at SMC Global Securities and market analyst Sandip Jain about the stocks expected to move the most. Find out which stocks will witness progress and downfall.

Chambal Fertilisers

Dubey said that the first stock is Chambal Fertilizer because he has observed drastic movement in it a month before the budget release from 5 years. Its average return is around 12 per cent; in 2017, its rally was at 17 per cent, 5 per cent in 2018, 19 per cent in 2019, 19 per cent in 2020, and 4.5 per cent in 2021.

Chambal Fertilizer now has F&O, too, Dubey added.

Goyal said that he could see triangular pattern breakout in the weekly charts. The first target he gave for Chambal Fertilizer is Rs 500 to Rs 530. Talking about its position, he said a swing of Rs 100 can be seen constantly in its stocks.

Radico Khaitan

Dubey gave Radico Khaitan as his second pick. He said that the average return of it between 2017 and 2021 is 12 per cent. Pointing out the interesting trend seen in its stocks, he said that this company moves slow years and goes drastically up every alternate year. The rally seen in 2017 was 0.8 per cent, 23 per cent in 2018, 2.5 per cent in 2019, 26.5 per cent in 2020, and 7 per cent in 2021.

Himanshu Gupta, Equity and Commodity Strategist, said that Radico Khaitan has been following an uptrend for the last few months. He gave a target of Rs 1450 - Rs 1500 for Radico Khaitan stocks.

Sandip Jain said that because of the increased popularity of a product from Radico Khaitan called Rampur Whisky, he too expects good performance from the Radico Khaitan stocks.

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