Railway Stock to Buy Before Budget: Looking to buy stocks before budget speech? Check out this analyst pick

Finance Minister Nirmala Sitharaman is each acceptable to contiguous the Union Budget connected Saturday, February 1. Investors who are looking to bargain stocks earlier national budget, inactive person a accidental to bargain this railway banal from a semipermanent perspective. As FM volition commencement the fund code astatine 11 AM tomorrow, investors person inactive clip to put successful specified stocks.

Benchmark Sensex jumped 741 points portion Nifty rallied to adjacent supra 23,500 connected Friday connected dense buying successful Larsen & Toubro station its Q3 results and the Economic Survey predicting a pro-growth budget. The 30-share BSE Sensex ended 740.76 points oregon 0.97 per cent higher astatine 77,500.57. During the day, it jumped 846.15 points oregon 1.10 per cent to 77,605.96.

Stock to bargain earlier Budget 2024

Brokerage steadfast Profitmart Securities' Avinash Gorakshakar has chosen Jupiter Wagons banal for semipermanent buyers earlier the budget. The analysts has fixed a archetypal people of Rs 425 and a 2nd people of Rs 430.

Today, the shares of Jupiter Wagons closed astatine Rs 401.4 each, up astir 13 per cent from its erstwhile closing price. This means the banal has an upside of up to 7 per cent from its today's closing price.

A look astatine Jupiter Wagon's Q3FY25 earnings

Jupiter Wagons Ltd (JWL) reported an 18.4 per cent year-on-year (YoY) summation successful consolidated nett net to Rs 96.4 crore for the 4th ended December 2024, driven by higher gross and improved margins. The company's gross from operations for Q3FY25 stood astatine Rs 1,029.8 crore, up 15 per cent YoY.

For the 9 months ended December 2024, JWL's consolidated income stood astatine Rs 2,951.2 crore, up 16.1 per cent YoY, with nett net rising 22.7 per cent to Rs 277.7 crore. The company's bid publication stood astatine Rs 6,320 crore arsenic of December 31, 2024, the connection said.