Here are stocks with maximum 'buy' calls as Budget uncertainty ends

Hindalco Industries has 24 'buy' calls and one 'hold'; Adani Ports has 19 'buy' and 2 holds; and Grasim Industries Ltd has seven 'buy' and 2 holds.

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26 Aug, 2025 12:21

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The Budget done, now back to business. There were no major surprises from Finance Minister Nirmala Sitharaman in the Interim Budget that she presented on February 1, but the government's move to limit borrowings to cool interest rates is a positive for the markets.

Sitharaman refrained from doling out freebies even though the general elections are due by May, pleasing investors. After the Budget,  Moneycontrol went through Bloomberg data and found nine Nifty 100 index stocks that have zero "sell" calls .

Topping the list is ICICI Bank Ltd, with the highest number of "buy" calls at 50, with two "hold" ratings. It is followed by Axis Bank, which has 45 "buy" and four "hold" calls. HDFC Bank has 45 "buy" calls and five "hold" ratings. The three banks have no "sell" calls.

ICICI Bank is gaining investor attention amid challenges faced by HDFC Bank. ICICI Bank exhibits a consistent and balanced growth trajectory, while the bigger rival struggles with sluggish deposit growth and a higher liquidity coverage ratio.

ICICI Bank has earned recognition for its robust balance sheet, better-than-expected net interest margin and overall comfortable liquidity. Analysts said it consistently outperforms on key financial parameters, including margins and provisioning buffer.

Axis Bank grabbed investor attention with the acquisition of Citi India's consumer banking business for Rs 11,603 crore, making one in three of India's wealthiest individuals its customers.

The bank is strategically moving towards a fully digital model with its mobile app "Axis Open", aiming for higher yields, up to 150 bps, compared to traditional branch loans, analysts said.

Non-core banking cross sale products yield approximately 50 bps higher fees due to reduced costs, enhanced personalisation, and lower customer negotiation power.

Mahindra & Mahindra Ltd, SBI Life Insurance Co Ltd, HDFC Life Insurance Co Ltd, Hindalco Industries Ltd, Adani Ports & SEZ, and Grasim Industries Ltd are the other stocks with no sell calls.

M&M has 36 "buy" calls and six holds, SBI Life Insurance has 31 buys and four holds and HDFC Life Insurance has 26 buys and eight holds. Hindalco Industries has 24 buys and one hold, Adani Ports 19 buys and two holds and Grasim Industries Ltd has seven "buy" and two "hold" calls.

Mahindra & Mahindra remains a brokerage favourite with sustained SUV growth amid tough competition. The company plans to launch five new SUVs in 2024, including the highly anticipated Thar five-door.

Starting the year with the XUV300 facelift, featuring larger headlamps, and connected LED taillamps, Mahindra will also update the XUV400 EV later in the year. The year will conclude with the debut of Mahindra's second EV, the XUV.e8.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.