Budget 2021 Stock Picks With Anil Singhvi: As the Budget day is fast nearing, Zee Business Managing Editor Anil Singhvi has been busy revealing the shares to buy ahead of February 1st, 2021 for investors to benefit from. In this regard, the Market Guru today asked Vijay Chopra of Enoch Ventures for his top pick and the market analyst replied with one name – BEL.
Revealing the strong fundamentals of BEL shares, Vijay Chopra, MD & CEO at Enoch Ventures Private Limited told Anil Singhvi, “BEL is a company that manufactures the Air Defense System and in the coming times, its business is expected to further grow. In fact, in last year’s budget, Finance Minister Nirmala Sitharaman had said that there will be a sustained rise in the defense budget allocation of the country. So, we can expect some rise in the Indian defense budget this year and BEL being the major company in the Indian defense sector, will definitely get monetary benefit from that.”
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Vijay further told Singhvi that India is facing defense challenges from both China and Pakistan and Akash missile is going to play a major role in Indian reply to Chinese and Pakistani border aggression. Since, BEL is major manufacturer of Akash missile, in the coming days, Indian government may place more orders for it thereby, helping the company’s business to grow manifold.
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Zee Business (@ZeeBusiness) January 13, 2021
When Anil Singhvi asked Vijay Chopra to share his strategy in regard to BEL shares Enoch Ventures MD & CEO said, “BEL share is currently trading at Rs 125 per stock levels and one can buy this stock for the target of Rs 160 to Rs 170 per share levels maintaining the stop loss at Rs 110 per share level.