Budget stock picks: SBI Securities select 5 stocks with up to 17% upside. Do you own any?

Finance Minister Nirmala Sitharaman doubled down on the government’s infrastructure led growth strategy in Union Budget 2026, proposing a sharp increase in capital expenditure to Rs 12.2 lakh crore for FY2026-27, up from Rs 11.2 lakh crore in the current fiscal. From a market perspective, the capex heavy Budget announcements have brought several stocks into focus, and SBI Securities has selected five names that could benefit from the announcement. Here is the full list.

With a target price of Rs 1,535, the domestic brokerage implies an upside potential of 15% from current levels. It expects loan book growth to be at 14-15% YoY in FY27, driven by retail and business banking segments. Business banking has sustained a strong growth trajectory during Q3FY26. Management believes sufficient untapped opportunities are present in the business banking segment to sustain the growth trend.

With a target price of Rs 14,378, SBI Securities predicts a 17% upside. The company is leveraging both organic and inorganic expansion opportunities to capture long term structural growth in the cement industry. Regional diversification, sound operating efficiencies, coupled with integrated operations and a healthy net worth, provide comfort on the company’s future financial performance.

The brokerage has a target price of Rs 1,296 per share, implying an upside of 16% from current levels. It values the company at 36x FY27E EPS, underpinned by steady AUM growth, improving retention and operating leverage. Further, SBI expects improvement in profitability in the core wealth and asset management segments, along with the recent acquisition of 360 One Capital, formerly B&K Securities.

The brokerage has a target of Rs 191 per share, implying a 15% upside. The company is one of the top suppliers of two wheeler metal components in the domestic market, with a market share of 24%. It manufactures chassis system sub assemblies for two wheelers along with shock absorbers, front fork assembly, headlamp brackets, seating cowl, exhaust systems and BIW (Body In White) parts.

The brokerage has a target of Rs 855 per share, implying an upside of 16%. While the domestic market remains steady with 10-12% growth, the primary growth engine will be international markets. There is strong demand from Europe, the USA and Britain for gas engines and turbines. Domestic growth is largely driven by the steel industry through steam turbines and small hydro projects. Management has expressed high confidence in sustainability through 2030, anchored by global shifts in power infrastructure.
(Disclaimer: Recommendations, suggestions, views and opinions given by experts are their own. These do not represent the views of The Economic Times.)