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.

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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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D-Street awaits Budget announcements

Both headline indices gain as much as 0.9 per cent within the first 10 minutes of trade on Dalal Street, The Sensex rises 517 pts to touch 60,066.9 at its strongest intraday level so far. The Nifty climbs to as high as 17,815.3, up 153.2 points from its previous close.