Pre-Budget Winners: These 6 stocks rally over 1% before Budget Day for last 5 occurrences
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Pre-Budget Winners
Finance Minister Nirmala Sitharaman is scheduled to unveil the 2024 Budget on July 23. According to ETMarkets' backtesting, they identified stocks that have recorded gains of over 1% in the day prior to the budget announcement across the last five budgets. The analysis was limited to stocks with a market capitalization exceeding Rs 1000 crore, revealing that six stocks have met these criteria. (Data Source: ACE Equity)
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Brigade Enterprises
CMP:Rs 1,274 | 52-week high:Rs 1,452
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H.G. Infra Engineering
CMP:Rs 1,742 | 52-week high:Rs 1,880
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Kirloskar Brothers
CMP:Rs 2,302 | 52-week high:Rs 2,685
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Punjab National Bank
CMP:Rs 119 | 52-week high:Rs 143
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Thermax
CMP:Rs 4,964 | 52-week high:Rs 5,835
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Westlife Foodworld
CMP:Rs 852 | 52-week high:Rs 1,025