L&T, BHEL, RIL, SBI and PNB are top 5 picks, says Ambareesh Baliga, Market Expert.
Baliga told CNBC-TV18, “If I have to pick any stock, it will be mostly for the upside. I have been quite bullish on the capital goods. So, I will pick up Larsen and Toubro (L&T) and Bharat Heavy Electricals Limited (BHEL) both of which have reacted decently well in the recent past.”
He further added, “Reliance Industries would be the other one where again we are not seeing too much of movement after some movement which we saw in the past few days. Today again it has been just holding on. So, these are the three which I will pick up from oil and capital goods space. Banking I will look at State Bank of India (SBI) and possibly Punjab National Bank (PNB). So, these would be possibly the five picks which I will have before the Budget.”