Budget Stock Picks With Anil Singhvi: This insurance company is market expert Sudip Bandyopadhyay’s top pick

Budget 2021 Stock Picks: In conversation with Zee Business Managing Editor Anil Singhvi on Friday, market expert Sudip Bandyopadhyay revealed his budget stock pick that could be held in portfolio by investors for good returns.  

In 'Budget My Pick' segment of Zee Business, talking about the stock that could benefit from the provisions in the Union Budget, he recommended to buy Max Financial Services. 

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“Max Financial Services is considered one of the giants among insurance companies.  The listed players of the insurance sector such as HDFC Life, SBI Life, ICICI Prudential etc have shown great traction in the last few months. Unfortunately, nothing of that sort was witnessed in Max Financial Services,” the market expert said.

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The kind of expansion that is happening in this industry and the need of insurance among the people due to Covid 19 pandemic are likely to help overall insurance sector, he said. “Given it is one of the giant players in its segment, Max Life Insurance will also benefit from this demand. Max Life’s agency network in retail is considered one of the best in the industry,” said market expert market expert Sudip Bandyopadhyay .

Bandyopadhyay recommended to buy Max Financial Services stock at current level for a target of Rs 900 in one year.