Budget 2017: Experts Pick 6 Stocks That May Benefit From The Big Event

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They believe these stocks are likely to benefit from the policy focus the Budget is likely to adopt.

Analyst: SP Tulsian 

GMDC Price target: Rs 175 Outlook: 1-year Gujarat-government owned GMDC (Gujarat Mineral Development Corporation) has a 250 megawatt (MW) thermal power plant, 200 MW wind energy plant and 5 MW solar plant. Its plant load factors (65 percent for thermal and 25 percent for the wind) is improving. The company is among the few companies in the power generation that are debt free and is a consistent dividend payer. It has cash and cash equivalent equal to market capitalization (about Rs 3,700 crore). Its stake in Gujarat Alkalies & Chemicals (GACL) and Gujarat State Fertilizers & Chemicals ( GSFC   ) is about Rs 600 crore.

PTC India    

Price target: Rs 125 Outlook: 1 year The company is a pioneer in power trading. The company is going to benefit from the rise in power demand. It has a cash and investment of Rs 2,800 crore and owns 60 percent stake in PTC India Financial Services. It is promoted by NTPC, NHPC, Power Grid and PFC.

Associated Stone 

Price target: Rs 40 Outlook: 1 year The company has the largest quarry of Kota Stones in the world, spread over 10 square kilometers. It has a reserve for the next 60-70 years. It is likely to benefit from the government's thrust on low-cost housing. Promoters own about 70 percent stake in the company. 

Dalmia Bharat

Sugar Price target: Rs 250 Outlook: 1-year Promoter stake of 75 percent. The company has a presence in Maharashtra and UP. In UP, it runs 3 miles, and 2 mills in Maharashtra. It is among the 10 largest sugar maker in the country. It is likely to benefit from the rise in sugar prices. 

Analyst: Dipan Mehta 

Alphageo   Outlook: 3-4 years Alphageo provides seismic survey services and has big order book from ONGC and other oil exploration companies. He expects huge growth to come in over the next 3-4 years with execution to start picking up. 

VA Tech 

Wabag Outlook: 3-4 years It is a leading player in water treatment and desalination. The company gets annuity income for the maintenance of the projects and follows a very asset-light model. It has a global footprint.