Top Stock Picks 2024: The stock market is up before the budget, and the market is running at an unprecedented level.
There is a constant rise in this market, and the market is geared up for the big budget of the Union Budget 2024.
On July 23rd, Finance Minister Nirmala Sitharaman will present the Union Budget for 2024-25 in the Lok Sabha.
Market analysts keep a close eye on stocks that could increase by taking advantage of the changes expected as the budget draws near.
A renowned market expert has revealed his top stocks to invest in on Budget 2024.
The stocks are likely to increase in value over the next time. He has revealed his top two picks for the year.
Marico
Marico has displayed positive technical signs, which makes it an ideal choice for investors. Marico has broken the consolidation below the level of Rs 630 to Rs 645 on both the monthly and daily charts.
With the excellent performance of the Nifty FMCG, Marico is expected to keep its momentum up.
Expert has advised buying Marico in this stock at a support level of Rs 640, and an upside target of 725 rupees.
FMCG Marico’s stock started at the price of Rs 666.35. It closed at Rs 666.35 in the upward direction, which was which is up 2.08 per cent from the previous closing.
Apollo Tyres
Apollo Tyres is another strong choice given the budget coming up particularly since it is a solid market in the tyre sector.
Apollo Tyres has shown good growth when compared to the month-long chart and is well above the level of Rs 550.
The increasing number of deliveries and the increase in numbers suggest a positive trend. Expert has advised purchasing Apollo Tyres with a support price of Rs 525.
He said the price target to be greater than 600 rupees.
This Tuesday Apollo share prices opened at the price of Rs 544.85 on the BSE. The stock ended the day at Rs 550.25 in the upward direction, which was which is up 1.95 per cent from the previous close of Rs 539.75.
A Union Finance Minister, Nirmala Sitharaman, will announce the budget for the first time by the NDA 3 government.
She will announce the seventh budget as Finance Minister on July 23, 2024, at 11 AM. It is the first budget she has presented since being designated by the Finance Ministry for the second time.
Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations.
