Modi 3.0 Budget Stock: 114% return in 2 yrs, share under Rs 200 –Buy, Sell or Hold?

modi 3.0 budget stock: 114% return in 2 yrs, share under rs 200 –buy, sell or hold?

Stock Under Rs 200: The Modi 3.0 government is now set to present the first full-term budget this month. It is estimated that the budget will be presented by the third week of July. The Ministry of Finance is busy preparing the budget. In such a scenario, investors are looking for stocks that can yield good profits from the budget perspective.

Ahead of the Union Budget 2025, in a special show on ET Now Swadesh, market expert Abhishek Jain recommended investing in the shares of Foods & Inns from the budget perspective and shared a detailed strategy. He also provided a target price for Foods & Inns shares. Let's find out how much profit investors can expect from this stock.

Foods & Inns Share Price Target 2024

In the special show on ET Now Swadesh, market expert Abhishek Jain shared his favorite pick for investment, keeping the upcoming budget in mind. He mentioned that the shares of Foods & Inns could see a rise of 10 to 15 percent by the budget. The company is also expanding its tomato and banana pulp business, which will benefit it in the future. For the short term, the expert suggested a target of Rs 165 to 175. According to the expert, the stock could see a 30 to 40 percent increase in one year, targeting up to Rs 220. He advised adding Foods & Inns shares to one's portfolio.

Foods & Inns Share Price Today

On July 1, the shares of Foods & Inns traded in the green, showing a 2.64 percent increase. The shares opened at Rs 147.60, compared to the previous close of Rs 147.65. The stock hit an intraday high of Rs 152.00 and an intraday low of Rs 147.075. As of July 1, 2024, the 52-week high for Foods & Inns on the BSE was Rs 222.35, and the 52-week low was Rs 127.00. By July 1, 2024, the market cap of Foods & Inns on the BSE was Rs 886.53 crores.

Foods & Inns Share Price History

According to BSE Analytics, the shares of Foods & Inns increased by 0.13 percent over the past week and recorded a 5.02 percent increase over the past month. However, in the past six months, the shares of Foods & Inns have fallen by about 6.16 percent, and over the past year, the company's shares have dropped by 17.25 percent.