Best Stock for Budget 2024 by market expert Vinit Bolinjkar; up to 20% PROFIT!
best stock for budget 2024 by market expert vinit bolinjkar; up to 20 per cent profit!
Budget 2024 Stock To BUY: The Union Budget of the new Modi government is around the corner. Vinit Bolinjkar of Ventura Securities has recommended buying a stock to the viewers of ET NOW for bumper profits in the next one year.
Vinit Bolinjkar said that the government is focused on electronics manufacturing services (EMS). The government is aiming for a turnover of $500 billion in the next 5 years. "I expect the government to announce a new Production Linked Incentive Scheme (PLI) for electronics sectors to boost domestic manufacturing."
"One sector that has remained ignorant so far in this rally is the medical devices. Poly Medicure is one such company that can deliver good returns in the coming quarters. The government may announce a PLI scheme to boost local manufacturing," he said.
Poly Medicure Share Price Target
The market analyst has recommended buying Poly Medicure shares for a target of Rs 2,300. Poly Medicure currently trades at Rs 1,982.
Poly Medicure Share Price History
Poly Medicure is a medical devices company. It is a constituent of BSE 500 index. According to BSE analytics on June 27, Poly Medicure shares have climbed 25 per cent in the last three months and 30 per cent in six months. In one years, the counter has rallied 73 per cent.
Poly Medicure shares have more than doubled investors money in the last two years, zooming a whopping 168 per cent. In five years, the scrip has made its investors wealthier by more than 950 per cent.
Poly Medicure commands a market cap of Rs 19,057.04 crore as on June 27, as per BSE website.