Union Budget 2021 likely to focus on infra and healthcare

The Union Budget 2021 is just around the corner and is expected to be presented on 1st February. The budget will be having a huge impact on the market and will be decide the movement of the market for the next few days. As far as economy is concerned, a lot has changed in the last year due to the Covid-19 pandemic and the subsequent lockdown.

Finance Minister Nirmala Sitharaman announced that the budget will see a massive expenditure push and public sector investment, including investment in infrastructure and health sectors. Other sectors which are expected to be in focus include railways, Real Estate and construction.

Analysts believe that there can be huge traction in the stocks from healthcare, infrastructure and manufacturing sectors after the budget is presented.

Ashis Biswas, head of Technical Research at CapitalVia Global Research has recommended the following stocks:

1. Aurobindo Pharma (Target Price – Rs 1153)

2. Sun Pharmaceuticals (Target Price - Rs 730)

3. JSW Steel (Target Price – 477)

4. Glenmark Pharmaceuticals (Target Price - Rs 670)

5. HUDCO (Target Price – Rs 58.90)