Top stocks to watch today: 7 picks that could see a big post-budget rally

Budget Day is here, and with it comes a high-stakes trading session as investors position themselves ahead of key policy announcements. While the Indian stock market remains open for trading despite it being a Saturday, brokerages have shared their top stock picks that could benefit from post-budget momentum.

Here are seven stocks that analysts are bullish on today:

1. IndusInd Bank (CMP: Rs 991)

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• HSBC: Maintains Buy, revises target to Rs 1,150 (earlier Rs 1,320).
• Goldman Sachs: Maintains Neutral, raises target to Rs 1,090 (earlier Rs 964).
• Citi: Maintains Buy, sets a target of Rs 1,378.

2. Nestle India (CMP: Rs 2,313)

• Citi: Maintains Buy, increases target to Rs 2,800 (earlier Rs 2,700).
• Jefferies: Maintains Hold, keeps target at Rs 2,350.
• JP Morgan: Maintains Overweight, target at Rs 2,450.

3. Sun Pharma (CMP: Rs 1,744)

• Goldman Sachs: Maintains Sell, lowers target to Rs 1,625 (earlier Rs 1,650).
• Citi: Maintains Buy, target at Rs 2,080.
• Jefferies: Maintains Buy, target at Rs 2,265.

4. Chola Investment (CMP: Rs 1,285)

• Goldman Sachs: Maintains Buy, revises target to Rs 1,607 (earlier Rs 1,700).
• Citi: Maintains Buy, trims target to Rs 1,620 (earlier Rs 1,660).
• CLSA: Maintains Accumulate, raises target to Rs 1,500 (earlier Rs 1,450).
• HSBC: Maintains Buy, raises target to Rs 1,510 (earlier Rs 1,490).

5. Bandhan Bank (CMP: Rs 152)

• Jefferies: Maintains Buy, lowers target to Rs 185 (earlier Rs 210).
• CLSA: Maintains Accumulate, target at Rs 220.

6. Prestige Estates (CMP: Rs 1,359)

• Jefferies: Upgrades to Buy from Underperform, raises target to Rs 1,600 (earlier Rs 1,420).
• Morgan Stanley: Maintains Buy, target at Rs 1,510.

7. LIC Housing Finance (CMP: Rs 598)

• Jefferies: Maintains Buy, target at Rs 795.
• CLSA: Maintains Accumulate, target at Rs 720.

Outlook

With Budget 2025 shaping up as a crucial event, these stocks could see major price action depending on policy announcements. Investors are watching sectors like banking, real estate, and pharma closely, as key fiscal measures could determine their growth trajectory in the coming months.