Here are five pre-Budget stock picks from HDFC Securities

[NiveRoshni]

Here are five pre-Budget stock picks from HDFC Securities



The brokerage suggests a buy-on-dips strategy with a time frame of two quarters for these 5 stocks

Ahead of the Union Budget 2021, to be presented on February1, HDFC Securities has come up with five pre-Budget picks. They are Bharat Electronics Ltd, Escorts Ltd, HCG, HPCL and JK Cement Ltd. The brokerage suggests a buy-on-dips strategy with a time frame of two quarters.

Bharat Electronics Ltd: Buy at LTP and add on dips in the Rs.122-124 band with target price of ₹148. Time horizon - Two quarters

Escorts Ltd: Buy at LTP and add on dips in the Rs. 1180-1190 band with target price of Rs. 1457. Time horizon - Two quarters

HCG: Buy at LTP and add on dips to ₹145-147 band with target price of ₹180. Time horizon - Two quarters

HPCL: Buy at LTP and add on dips in the Rs.208-210 band with target price of Rs. 250. Time horizon - Two quarters

JK Cement Ltd: Buy at LTP and add on dips in the Rs.1940-1975 band with target price of Rs. 2400.

Source : https://www.livemint.com/market/stock-market-news/here-are-five-pre-budget-stock-picks-from-hdfc-securities-11611569872062.html