Budget 2026 signals demand revival, private investment thrust, says Motilal Oswal. BDL, UPL among 5 stocks to buy

December 26, 2025

Motilal Oswal expects Budget 2026 to spur domestic demand, private investment and jobs through tax simplification, rural support, infrastructure and defence capex. The brokerage recommends five beneficiaries—TVS Motor, UPL, Bharat Dynamics, M&M Financial Services and Dalmia Bharat—citing strong sectoral tailwinds, balance-sheet strength and earnings visibility across consumption, agriculture, defence and infrastructure.

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Sensex falls 183 points, Nifty closes below 24,250 as market erases all morning gains. What lies ahead?

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