Budget Stocks: Top 10 Stocks In Focus Today: Tata Consumer, RailTel, Bajaj Finance, JK Cement, GAIL,Torrent Pharma, M&M

AS FM is going to present Budget 2024 today, which will the top stocks in focus according to the experts, check over here.

Written by: India.com Business Desk

Updated: July 23, 2024, 9:51 AM IST

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Stocks market update

As anticipation builds for the Union Budget 2024 announcement, the stock market opened on a positive note on Tuesday.

The Sensex rose by 173.80 points, opening at 80,675.88, while the Nifty climbed 51.95 points, starting the day at 24,561.20. Out of the Nifty companies, 40 showed advances, while 9 registered declines.

Among the Nifty companies, Ultratech Cement, HDFC Life, Eicher Motors, Bajaj Finserv, and Grasim emerged as the top gainers. On the flip side, ONGC, HDFC Bank, Power Grid, Hindalco, and Bajaj Auto were the major losers.

Stocks to be in focus today, according to Zee Business Experts

1. Dividend Stocks: HCLTech, Novartis, Shree Cement, Shriram Finance, Data Patterns, Tube Investments shares to trade ex-dividend on Budget day
2. Quarterly Result Stock: Many companies are slated to report their quarterly numbers on Tuesday, including Bajaj Finance, HUL, ICICI Pru, Torrent Pharma, M&M Financial, USL, and SRF.
3. RailTel Stock: Corporation won a Rs 187-crore order from the Railway Ministry. 
4. SpiceJet Stock: Company  board is scheduled to meet on Tuesday to consider raising funds through a QIP issue. 
5. Tata Consumer Products Stock: The Tata group company’s board will meet on July 23 to consider a rights issue. 
6. Coforge Stock: The company reported Q1 results with revenue higher by 1.8 per cent. The company has declared an interim dividend amounting to Rs 19 per share. 

GAIL Share Price Target 2024

Citi has maintained a BUY rating with a hike in target price to Rs 250 from Rs 230.

Exide Industries Share Price Target 2024

Citi has maintained a BUY rating with a hike in target price to Rs 630 from Rs 560.

JK Cement Share Price Target 2024

Jefferies has maintained a BUY rating with a hike in target price to Rs 4950 from Rs 4610.

Supreme Industries Share Price Target 2024

Jefferies has maintained a BUY rating with a cut in target price to Rs 6520 from Rs 6700.

Bajaj Finance Share Price Target 2024

Morgan Stanley has maintained an Overweight rating with a target price of Rs 9000.

(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)