Budget Trading Stock Picking: The market started with an increase on the budget day. The Nifty is working above 23550. In such a situation, we will tell you about such sectors and shares which will make you profit in the market. So let’s take a look at the shares that will show action on the budget day today.
Focus in Focus
Anuj Singhal said that the results of the third quarter were better than the estimate. Profits have increased by 19% and revenue 11%. The Ebitda increased by 25% while the margin remained at 30.7%. Management said that growth in the branded market is better than expected. The spending guidance on & D is reduced from 7-8% to 7%. The US stake in the total sales in Q3Fy25 at 30%. The performance of all the therapies was good for the company. Jafferies’ purchasing is the opinion and has given target `2,265.
IndusInd Bank in Focus (Green)
Anuj Singhal said that weak results have been included in the share price. The cheapest valuation was among private banks. On an annual basis, profits are reduced by 39% while NII shows pressure at 1.3%. Anuj Singhal said that the CLSA, Bernstein’s outpar rating on the stock has been given and a target of Rs 1300 for the stock.
Bandhan Bank in Focus
Anuj Singhal has also placed Bandhan Bank on his radar. He says that GNPA in Q3 remains at 4.68%. MFI, technical right-offs have increased slips. Collection is improving affidavit. AUM growth has come down from 21% to 14%.
Explain that the CLSA gave opinion on Bandhan Bank and said that the NII of the bank in Q3 was according to estimates. The bank’s PPOP & PAT remained weak by estimates. Slipage increased to Rs 1600 crore due to problems in MFI. The bank has taken a technical right-off of Rs 1270 crore. At the same time, Jefferies said in its report after the results on Bandhan Bank that the bank’s profit in Q3 was less than anticipated. They have reduced its profit estimate of 6-8% for FY26-27. Jeffers has given the opinion of shopping on stock. Its target price has been fixed at Rs 185 per share.
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