Stock picks for Budget 2022: Ease My Trip, Likhita Infrastructure, Sumitomo Chemicals can be good bets: Manoj Dalmia of Proficient Equities

As Union Budget 2022 nears, there are certain stocks likely to benefit from the provisions in the Budget and can be added in portfolio before the finance minister Nirmala Sitharaman presents another budget this year.  

Manoj Dalmia Founder and Director-Proficient Equities Limited had picked three stocks that one can buy in the run up to Union Budget 2022-23.  The stocks have been picked from tour & travel, construction & Engineering and chemical space.  

As per Dalmia, Ease My Trip, Likhita Infrastructure and Sumitomo Chemicals can be good bets and can be added in portfolio for good returns going forward.  

Ease My Trip 

Ease My Trip, shares of which were trading with a discount of one per cent to 571.50 per share at 2 pm on the BSE on Wednesday, can benefit with the economy opening-up, says the market expert. He says likely provisioning to travel & hospitality sector in the Budget can help this share. On January 18, 2022, EaseMyTrip, India’s second-largest online travel platform, announced an exclusive partnership with Flybig, India’s newest regional airline. "Through this partnership, EaseMyTrip and Flybig aim to widen the network and strengthen their flight options across Tier 2 & 3 cities," said the company in a regulatory filing.  

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Likhita Infrastructure 

Likhita Infrastructure's pipeline infrastructure business comprises of undertaking projects for laying & construction of oil & gas pipeline infrastructure for cross-country projects and city gas distribution network, including PNG connectivity's. Proficient Equities Limited founder is of the view that profit growth of 62.74% CAGR in the last 5 years makes it an interesting pick before Budget. He said impressive ROE 31.48% of three years also makes it a good bet. Shares of Likhita Infrastructure were trading flat in the afternoon trade at Rs 361.55 per share on the BSE.  

Sumitomo Chemicals  

A debt-free chemical stock with good profit growth of 39.36% CAGR in five years, Sumitomo Chemicals can be bought for good returns ahead of the budget, said Manoj Dlamia. Shares of Sumitomo Chemicals were trading with 2 per cent discount to RS 383 per share on the BSE around 2.15 pm on Wednesday. Shares of this chemical company has touched 52-week high value of Rs 480 per share in June 2021 and touched year's low of Rs 182.50 in January 2021.  

Finance minister Nirmala Sitharaman had presented 'digital budget' for the first time in 2021 when she took to India made tab to read the provisions. The Economic Survey will be presented in Parliament a day before the budget, on 31 January.