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Pre-Budget Picks LKP Securities Bullish on Six Stocks

Brokerage LKP Securities is bullish on six stocks from diverse sectors like FMCG, infrastructure, Agri, and power ahead of the Union Budget 2023. The stocks are Power Finance Corp, ITC, Tata Power, NTPC, Siemens, and Chambal Fertilisers and Chemicals.

Ahead of the Union Budget 2023, brokerage LKP Securities is bullish on six stocks from diverse sectors like FMCG, infrastructure, Agri, and power. Power Finance Corporation is being seen as the financial backbone of the Indian power sector and the brokerage is expecting a double-digit upside in the stock. ITC is positioned in a sweet spot due to new product launches and positive tailwinds across its business verticals. Tata Power is the country’s largest power distributor in the private sector and is seen as an attractive bet to play Clean Energy and EV infrastructure. NTPC is the country’s largest power producer and is looking to quadruple its share of non-fossil energy from the present level of 10% in the next decade. Siemens is looking to benefit from the upcoming Railway CAPEX theme on electrification and signaling while Chambal Fertilisers and Chemicals is expected to rally on the assurance from the Finance Ministry regarding payment of subsidies.

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