06 Feb , 2024 By : Debdeep Gupta
In the Interim Budget 2024, Finance Minister Nirmala Sitharaman reiterated the government’s commitment to continue on the path of fiscal consolidation, targeting to limit the fiscal deficit to 5.1 per cent of GDP in FY 2024-25. Major announcements included a capital spending of Rs 11.11 lakh crore. Post the budget, Moneycontrol identified 5 stocks with the maximum analyst ‘buy’ calls, and 5 with maximum ‘sell’ calls from the Nifty 100 index, according to Bloomberg data.
1- ICICI Bank: Healthy credit growth; stable asset growth.
2- Axis Bank: Improving digital capabilities; growth across segments.
3- HDFC Bank: Steady NIM, consistent growth.
4- Mahindra and Mahindra: Healthy margin expansion; volume outperformance.
5- SBI Life Insurance: High growth; low-cost ratios.
6- Wipro: Results outperform; analysts waiting and watching.
7- LTI Mindtree: Analysts bearish as the banking segment revenue falls.
8- Colgate Palmolive (India): Volume growth remains elusive.
9- Asian Paints: Rising competition continues to challenge.
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