Stock Pick for Budget 2022: Analyst sees Godrej Properties as best bet ahead of budget; know reasons here

In the Budget 2022 run-up, market analyst and group chairman of Indi-trade Capital – JRG, Sudip Bandyopadhyay bank on Godrej Properties as a perfect bet for bumper returns during a conversation with Zee Business Managing Editor Anil Singhvi on Wednesday. 

The market analysis explained that the company has a perfect balance sheet and strong parentage, which increases the investors' faith in this real-estate firm, backed by the Godrej Group. 

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According to Bandyopadhyay, “I doubt investors would have the same confidence in other real estate companies that of Godrej Properties.” This company operates almost as a market leader in many sections of the country of near to being at a leadership position, he added. 

According to the analyst, Godrej Properties is at number position in Pune, followed by the NCR (National Capital Region) at second position and perhaps, third in Mumbai with respect to market share.

Besides, the company has a very less amount of unsold inventory than peers from the same sector and gives confidence that the performance of the company will grow more, going forward, he further said. 

The group chairman of Indi-trade Capital has a Buy rating for this stock considering it as the best budget pick and expects that the stock would grow by Rs 2,800 per share in one-year period. 

It’s expected by most of the analysts that Budget 2022 holds a lot of promises for the infrastructure sector, which may have a direct benefit to the realty stocks and sector. 

The Budget 2022 is scheduled to present on February 1, 2022 by Finance Minister Nirmala Sitharaman in Parliament.