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Adani Ports, Bharti Airtel, Britannia, HAL, To L&T: PL Capital Shares Top Picks Post Budget | Check TP
Top Stocks To Buy: Infrastructure push, boosting defence production, focus on themes like social welfare, food security, manufacturing, and tourism, were among the key highlights of the Union Budget 2026-27 presented on Sunday, 1 February. Budget announcements are likely to benefit stocks like Adani Ports & Special Economic Zone, Bharti Airtel, Hindustan Aeronautics Limited, Larsen & Toubro, etc.
As per a PL Capital report, certain stocks in the banking, NBFC, automobiles, select staples, jewellery, select durables, hospitals, defence, ports, and telecom sectors can benefit from the announcements and may perform well in the long-term.
"Budget 2026-27 carried forward the foundations and work being done in past few years by focus on creating Infrastructure to push trade and manufacturing, defence production for security needs, rural and urban Infra and, social welfare ( schemes like G Ram G (MNREGA), Food security, agricultural subsidies and PM Kisan etc)," said PL Capital in its report.
Stocks To Buy Post Budget 2026 | Check Target Price
In the large-cap segment, Adani Ports & Special Economic Zone (APSEZL) has a 39% upside potential in the long-run. Additionally, Bharti Airtel, Britannia Industries, Hindustan Aeronautics, L&T, Mahindra & Mahindra, can also perform well in the long-run.
Large Cap
| Company | CMP (Rs.) | TP (Rs.) | Upside |
|---|---|---|---|
| Adani Ports & SEZ | 1,345 | 1,876 | 39.5% |
| Bharti Airtel | 1,949 | 2,259 | 15.9% |
| Britannia Industries | 5,758 | 6,761 | 17.4% |
| Hindustan Aeronautics | 4,377 | 5,507 | 25.8% |
| ICICI Prudential Asset Management Company | 2,927 | 3,300 | 12.7% |
| Larsen & Toubro | 3,814 | 4,806 | 26.0% |
| Mahindra & Mahindra | 3,364 | 4,100 | 21.9% |
| Ultratech Cement | 12,284 | 14,168 | 15.3% |
In the mid and small cap segment, stocks like Amber Enterprises India, LG Electronics India, Max Healthcare, etc may also see upside potential.
Mid / Small Caps
| Company | CMP (Rs.) | TP (Rs.) | Upside |
|---|---|---|---|
| Amber Enterprises India | 5,993 | 8,263 | 37.9% |
| Aster DM Healthcare | 570 | 775 | 35.9% |
| LG Electronics India | 1,403 | 1,920 | 36.8% |
| Max Healthcare Institute | 977 | 1,350 | 38.2% |
| Supreme Industries | 3,487 | 4,566 | 30.9% |
Budget 2026-27
Finance Minister Nirmala Sitharaman, on Sunday, 1 February, presented the Union Budget 2026-27. In its essence, the budget focused on increasing capital expenditure, ensured higher allocation for defence, infrastructure and manufacturing.
Budget estimates place total expenditure at Rs 53.5 lakh crore and non-debt receipts at Rs 36.5 lakh crore, with net tax revenues of Rs 28.7 lakh crore. Capital expenditure in the 2025-26 revised figures stands near Rs 11 lakh crore. Gross market borrowings are expected at Rs 17.2 lakh crore, with dated securities contributing net borrowings of Rs 11.7 lakh crore.
Software development, IT enabled services, knowledge process outsourcing, and contract R&D for software will be treated as one category called Information Technology Services. A unified safe harbour margin of 15.5 percent of costs will apply. The safe harbour turnover ceiling rises sharply from Rs 300 crore to Rs 2,000 crore, widening eligibility.
Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.
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