As India gears up for a 'budget like never before', several sectors are bracing up for budgetary provisions to be made in their respective sectors. All eyes will be on Finance Minister Nirmala Sitharaman, who will present her third Union Budget on February 1, 2021. We list out some stocks that could benefit from the likely announcement to be made by the Finance Minister.

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Budget 2021 Pick: HUL
Market expert Rahul Arora of Nirmal Bang Securities says the government would want to focus on consumption in Budget 2021and that the consumption situation is now getting back on the track after the dip due to the lockdown. He said the top pick from consumption perspective would be Hindustan Unilever. He said that the EBIDTA and profit growth over the next 2 years is expected to be between 18-20 per cent and the top line growth is expected to be between 10-12 per cent.  

Budget 2021 Stock Pick: Ultratech Cement
One sector that could benefit the maximum from government's infra push would be cement sector. Market analyst Hemang Jani says Ultratech Cement will be the largest beneficiary in the sector due to its capacity and overall size and balance sheet size. He said he has set a target price of 6240 rupees for Ultratech Cement. This is a 14 to 16 percent increase from current levels.  

Budget 2021 Stock Pick: Mahindra EPC  
With agriculture being the only silver lining in the Corona pandemic-hit year, senior research analyst Varun Dubey's pic is Mahindra EPC. This company has a focus on micro and drip irrigation and pumps business. Mahindra Group acquired this company in 2011. It has delivered growth since then. The government's focus on agriculture sector is an important trigger for this stock.

Budget 2021 Stock Pick: Mazagon Dock Shipbuilders
This stock has been recommended by Market Expert Ambareesh Baliga. This is a Miniratna company which manufactures ships and submarines. The capacity of Mazagon Dock Shipbuilders is 40,000 DWT which is Deadweight Tonnage - a measure of ship's ability to carry different items including cargo, stores, ballast water, provisions and crew etc. The analyst said orderbook of Mazagon Dock is excellent going in excess of Rs 54,000 crore and recommended it as his top pick.  

Budget 2021 Stock Pick: Max Financial Services
Market expert Sudip Bandyopadhyay recommended this stock as his budget pick. He said Max Financial Services is considered as one of the giants among insurance companies.  He said the listed players of the insurance sector such as HDFC Life, SBI Life, ICICI Prudential all have shown great traction in the last few months, however, nothing of that sort was witnessed in Max Financial Services. 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.