The Union Budget 2025 has laid out a strategic framework focusing on boosting consumption through tax relief, maintaining fiscal discipline, and continuing capital expenditure with slight moderation. As a result, market experts and brokerage firms have identified fresh investment opportunities, particularly in the consumption and discretionary sectors.
Budget 2025: A Catalyst for Consumption Growth
The government’s emphasis on reviving consumption signals a shift from capex-driven fiscal multipliers to immediate economic gains. By rekindling private sector investments and prioritizing agricultural and consumption growth, the Budget sets the stage for sustained economic expansion.
With the Nifty correcting 12% from its 52-week high and the smallcap index dropping around 16%, large-cap stocks have become more attractively valued. This presents a compelling investment opportunity, especially as factors like monetary policy cycle shifts, consumption demand recovery, and stabilization of the dollar index (DXY) contribute to market stability.
Garima Kapoor of Elara Securities predicts India’s 10-year bond yield to moderate to 6.6% by March 2025 and 6.4% by March 2026. The brokerage remains overweight on banks, large NBFCs, and new government capex themes like maritime and ports.
Top Stock Picks Post-Budget 2025
Emkay Global
Emkay favors the consumption sector, particularly consumer discretionary stocks, due to strong growth prospects and reasonable valuations. The firm has added Maruti Suzuki and Paytm, while removing ONGC and reducing its position in BPCL.
Top Picks:
- Lupin
- Zomato
- Tata Motors
- IndusInd Bank
- Escorts
- Paytm
- StoveKraft
- Metropolis Healthcare
- Quess Corp
SBI Securities
SBI remains bullish on sectors like Auto, Auto Ancillary, Realty, FMCG, Healthcare, Renewables, Railways, Defence, and select banks/NBFCs for medium to long-term investments.
Top Picks:
- ITC
- Bajaj Finance
- IndiGo
- Indian Hotels
- Brigade Enterprises
JM Financial
This brokerage prefers a mix of large-cap and mid-cap stocks spanning multiple sectors.
Top Picks:
- RIL
- TCS
- Bharti Airtel
- ITC
- Bajaj Finance
- L&T
- Sun Pharma
- Maruti Suzuki
- DLF
- HDFC Life
- Hindalco
- GCPL
- Havells
- SRF
- BHEL
- KPIT
Ventura Securities
Ventura has a diverse selection, focusing on infrastructure, defense, and consumption sectors.
Top Picks:
- NBCC
- Genesys
- Tejas Networks
- Adani Energy Solutions
- Powergrid
- Tata Motors
- Mahindra & Mahindra
- Ola Electric
- Hero MotoCorp
- TVS
- Amber
- Dixon
- Apollo Hospitals
- Fortis
- Indian Hotels
- IRCTC
- Adani Ports
- Container Corp
Bajaj Broking
Focused on FMCG and Auto Ancillary, Bajaj Broking recommends:
- United Spirits
- Dabur India
- Exide Industries
Antique Broking
Antique favors large-cap blue-chip stocks, citing valuation advantages and growth stability.
Top Picks:
- Bharti Airtel
- ICICI Bank
- SBI
- Ultratech
- Titan
- NTPC
- HAL
- Trent
- Siemens
- Havells
- Mazagon Dock
Investment Outlook Post-Budget
The Budget 2025 has provided a strong foundation for near-term consumption growth and long-term capex revival. Large caps, especially in banking, NBFCs, and consumption-oriented sectors, appear well-positioned for growth.
As the economy stabilizes, these top broker recommendations highlight the best opportunities for investors seeking long-term value and strategic growth in their portfolios.
Source : https://economictimes.indiatimes.com/markets/stocks/news/budget-stocks-to-buy-nirmala-sitharamans-triveni-sangam-throws-up-over-50-ideas/articleshow/117875973.cms?from=mdr
