Ahead of the Union Budget 2025, Axis Securities has identified 68 promising stocks poised for growth, including prominent names like M&M, UltraTech Cement, and Tata Power. The brokerage firm’s recommendations span various sectors such as infrastructure, cement, utilities, BFSI, chemicals, FMCG, auto, and more, anticipating significant opportunities aligned with the government’s focus on infrastructure development and economic revival. Here’s the list:
With the heightened government focus on developing the overall infrastructure of the country, particularly in highways, railways, and urban infrastructure, companies operating in these segments are poised to encounter massive opportunities.
Stocks: H.G Infra, RITES, KPIL, KEC International, J Kumar Infraprojects, Ahluwalia Contracts
We expect budget to facilitate and expand overall infra development which will positively benefit cement companies with higher demand.
Stocks: UltraTech, Ambuja Cements, Dalmia Bharat, JK Cement, JK Lakshmi, and Birla Corp
Power Utilities: JSW Energy, NTPC, NLC India, Tata Power | RE EPC/ RE component Manufacturers: Waaree Energies, Premier Energies, Inox Wind | T&D Component and EPC: Skipper Limited | T&D Utilities: Power Grid Corporation of India | Smart Metering Stocks: Genus Power
SBI, Bank of Baroda, Canara Bank, HDFC Bank, ICICI Bank, CreditAccess Grameen, Fusion MFI, Satin Creditcare, Spandana Sphoorty, SBI Life, HDFC Life, ICICI Pru Life
MSME focused Banks and NBFCs. Affordable Housing Financiers and SFBs/Banks with Affordable Housing Portfolios. PFC and REC
Ami Organics, Dhanuka Agritech, Neogen Chemicals
Praj Industries, Va Tech Wabag, Gravita, Antony Waste, Jain Irrigation
Dabur, Britannia, VBL, VMART, Vishal Mega Mart
Maruti Suzuki India, Mahindra & Mahindra, TVS Motors, Bajaj Auto, Hero MotoCorp, Uno Minda, Exide Industries, Amara Raja Energy
Higher budgetary allocation towards construction and infrastructure (60% of steel demand) would drive domestic steel demand. Reduction in raw materials import duty cut may improve cost structure.
Prefer big brands like Prestige Estates, Oberoi Realty
Positive for data center focused players like Anant Raj
Dr Reddy, Lupin & Fortis
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