Stock Picks for Budget 2022: Tata Power, Deepak Fertilisers and Balrampur Chini among top 5 bets ahead of budget: Ravi Singh of Share India

Based on multiple triggers and fundamentals, five shares ranging from banking, fertiliser, power, sugar to chemical space are likely to generate good return in the run up to Budget 2022. These shares can surge up to 15 per cent around the Budget to be presented by Union Finance Minister Nirmala Sitharaman on February 1, 2022.  

Share India Head of Research and Vice President Ravi Singh has picked five stocks—State Bank of India SBI, Exide Industries, Tata Power, Deepak Fertiliser and Balrampur Chini — that may perform well around this annual affair.    

SBI – Saying banking sector could be the key focus area in the budget to support the economy, Share India VP said one can buy public sector Bank SBI. Target would be Rs 580, he said.  

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Exide Industries – Ravi Singh's another pick was from EV space. Buy this battery share for the target of 195 levels. The government may announce some reforms to boost the electric vehicle industry.  

Tata Power – Anticipating some announcement for the power sector, Singh says one can buy this Tata Group share for target of Rs 270 before budget.

Deepak Fertiliser - Agriculture sector can be another be the key focus area in the Budget, says Singh. He recommended to buy this share for the target of Rs 550 levels.

Balrampur Chinni – Sugar stocks have been surging lately amid multiple factors, including reports of Brazilian sugar output declining and India having surplus sugar stock, Singh believes sugar Industry is long due for reforms. "We may expect major announcements in this Budget. One can buy Balrampur Chinni for Rs 500 target in the short-term," he said.

Meanwhile, speaking of expectations of the street from the Budget, he said there are certain tax issues need an immediate resolution like STT and dividend taxation. "With incomes severely hit in 2020 due to the COVID pandemic and an urgent need to boost spending and consumption. Rationalisation of long-term capital gains on equity is also awaited since long time," said Share India Head of Research.