Stock to buy before Budget: Analysts suggest buying this auto stock for 8-10 days; check target price

Finance Minister Nirmala Sitharaman will present the Union Budget on Tuesday, July 23. Investors are looking to buy stocks before the Budget as it may impact the stock market too. Therefore, Sandeep Jain of Tradeswift Broking has recommended buying an auto stock for just 8-10 days.

Stock to buy before Budget 2024

Experts have chosen Subros for positional investors before the Budget. A target of Rs 750 and 770 has been given for the next 8-10 days by the analysts. They have suggested to put a stoploss at Rs 660. 

On Friday, the shares of Subros closed at Rs 695.3 each. This means the stock can provide up to 11 per cent returns from its current closing price.

Subros' share price history

The 52-week high for this share is Rs 777.8 while the low is Rs 345.5. The stock has provided 20 per cent returns in the last three months, 25 per cent so far this year, and has given returns of about 60 per cent in the last one year. 

The views/suggestions/advices expressed here in this article are solely by investment experts. Zee Business suggests its readers consult their investment advisers before making any financial decision.