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​Anand Rathi has identified top stock picks for the upcoming Union Budget, emphasizing sectors such as auto, capital goods, consumer durables, cement, and infrastructure. The Budget is expected to boost growth and stability with a focus on infrastructure and consumption inducing measures. Investors may find opportunities in companies like Ultratech Cement and Ashok Leyland.

​So, I think you will probably see a divergence in their performances just given the fact that some companies are specifically focused on discretionary spending without exposure and some are not. And I think that is probably how investor is going to play it for the next few quarters.

On the technical charts, the RSI of the stock stood at 41.66.

Markets have reached a level where it makes sense to be cautious. Many of these companies which also have strong outlook for growth, they might also correct by 20-30% before they come to reasonable buy levels.

A short buildup in Futures and Options happens with rising open interest and volumes as the stock price declines, reflecting bearish expectations and increased short positions.

JSW Infrastructure shares fell 7.4% to Rs 311 due to an 8% profit drop to Rs 296.55 crore amid higher expenses.

A total of 234,066 shares changed hands on the counter till 11:52AM (IST).

The Budget will have to lay the foundation for sustainable growth over the next couple of years, says Kotak AMC MD Nilesh Shah. What policy reforms are adopted so that this growth can be sustained? For example, in the vote on account, there was a proposal to create a one lakh crore innovation fund. How is it getting implemented in this Budget?

The stock quoted a 52-week high of Rs 441.95 and a 52-week low of Rs 262.1.