Budget 2023 Stocks: Anil Singhvi recommends Indian Hotels as his top pick of the day; puts his bet on NBFC stocks

Budget 2023 Stocks: Less than a couple of hours before the Union Budget 2023 will be presented by Finance Minister Nirmala Sitharman. Zee Business Managing Editor has picked The Indian Hotels Company Limited as the stock of the day. The stock was trading at Rs 312.05 on the NSE in the early trade and was up by Rs 11.05 or 3.67 per cent from the Tuesday closing price.

Singhvi lauded the stock and said that the company posted strong December quarter results. While strong top line was expected, there were concerns on the margin fronts but the company managed to beat street’s estimates, he added.

The stock is available at corrected levels and is a must buy, he added. The stock is expected to do well today, the Managing Editor said. He said that it is a stock that must be a part of one’s portfolio.

The other stocks which were in his good books were in the F&O segment. He picked Cholamandalam Investment and Finance Company, Shriram Finance and Max Financial Services which have posted strong Q3 results.

He said that NBFC companies have posted good results this quarter and it appears that this space is again gaining momentum, Singhvi further said.

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आज Budget के दिन किन शेयरों पर रखें फोकस?

कौनसा शेयर है Stock Of The Day?

किन शेयरों में दिखेगा एक्शन?

जानिए @AnilSinghvi_ से...

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— Zee Business (@ZeeBusiness) February 1, 2023

In the cash market he picked Spandana Sphoorti Financial, KPIT Technologies and Paradeep Phosphates which is in the fertiliser space.

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