Finances inventory picks: Bajaj Broking lists 3 shares that look poised for development on technical charts

Bajaj Broking said that Finance Minister Nirmala Sitharaman created historical past on February 1, 2025, by presenting her eighth consecutive Union Finances, reinforcing the federal government’s dedication to financial development. This finances performs an important function in laying out a roadmap for attaining Viksit Bharat (Developed India). The Finance Minister emphasised 4 key development drivers—Agriculture, Micro, Small and Medium Enterprises (MSMEs), Funding, and Exports—because the spine of India’s financial transformation.

A significant spotlight was the brand new tax regime, which ensures no revenue tax legal responsibility as much as ₹12 lakh, bringing vital financial savings for taxpayers. Bajaj Broking famous that tax advantages will vary between ₹80,000 and ₹1.1 lakh per particular person, a transfer anticipated to spice up shopper spending and general financial exercise.

Shares to purchase put up Finances

With these fiscal insurance policies in focus, Bajaj Broking recognized three shares poised for good points post-budget—United Spirits, Dabur India, and Exide Industries.

United Spirits: Excise Responsibility Cuts to Drive Revenue Margins | Shopping for Vary: ₹1,390-1,450 | Goal: ₹1,690 | Upside: 19%

Bajaj Broking identified that the alcoholic drinks sector is about to learn from the finances’s provisions, making United Spirits a promising funding alternative. The federal government’s excise responsibility reductions are anticipated to decrease operational prices, enhance revenue margins, and improve the corporate’s market place. Moreover, the industry-friendly insurance policies point out a supportive regulatory atmosphere, creating long-term development prospects for the sector.

The brokerage added that United Spirits’ inventory worth is gaining shopping for momentum from the 52-week Exponential Shifting Common (EMA) and a key retracement space, presenting a contemporary entry alternative with a beneficial risk-reward ratio. It expects the inventory to renew its upward trajectory, concentrating on ₹1,690 within the coming yr, which marks its earlier all-time excessive.

Dabur India: Shopper Spending to Bolster Progress | Shopping for Vary: ₹530-550 | Goal ₹636 | Upside: 18%

Bajaj Broking emphasised that the finances’s concentrate on boosting shopper spending may considerably profit Dabur India Ltd. The elevated tax exemption limits and better disposable incomes are anticipated to revive demand for important items, positively impacting Dabur’s well being, wellness, and private care segments.

The brokerage highlighted that the finances’s consumer-friendly measures will uplift financial sentiment, positioning Dabur to capitalize on rising demand. This could lead to greater gross sales volumes and stronger investor confidence, supporting the corporate’s development trajectory.

From a technical perspective, Bajaj Broking said that Dabur India’s inventory is rebounding from the decrease band of a four-year worth vary, coinciding with the 50-month EMA. This setup presents a sexy entry level for traders. The inventory is projected to advance in direction of ₹638 within the coming quarters, reflecting an 80 per cent retracement of its prior decline from ₹672 to ₹499.

Exide Industries: Battery Sector Incentives to Enhance Demand | Shopping for Vary: ₹368-382 | ₹448 | Upside 19%

Bajaj Broking famous that Exide Industries stands to achieve from the finances’s help for battery and electrical car (EV) manufacturing. The federal government’s proposal to exempt primary customs responsibility (BCD) on essential battery uncooked supplies—together with cobalt, lithium-ion battery waste, lead, and zinc—is anticipated to decrease manufacturing prices and enhance profitability for Exide. Moreover, responsibility exemptions on 35 new parts for EV battery manufacturing and 28 for cell phone batteries will present additional help to the {industry}.

The brokerage highlighted that Exide’s inventory has shaped a bullish Piercing Line candle on the weekly chart, indicating a possible reversal from its current corrective decline. Bajaj Broking expects Exide’s inventory to witness a powerful pullback, concentrating on ₹448, which represents the 38.2 per cent retracement of its decline from ₹620 to ₹337 and the trendline resistance from June and October 2024 highs.

Disclaimer: The views and proposals made above are these of particular person analysts or broking firms, and never of Mint. We advise traders to verify with licensed specialists earlier than taking any funding choices.