Bangalore: The union budget is all set to approach at the time when the Indian economy is noticeably slowing down. LKP advisory are expecting that this would definitely bring out an appropriate measure to treat the economic slow down as well as promote growth, says ET.

The last union budget brought out a hard to believe fiscal deficit of 4.6 percent of GDP, which LKP was expecting to be 5.7 percent from the time it is announced, though the government is already around 92 percent of fulfilling the target in December 2011. The prime reason for this deficit would be a sharp increasing expenditure due to social spending on higher lifestyle and higher fuel price.

LKP recommends the following stocks before this budget 2012, as these are fundamentally sound and would help to achieve short term targets before budget.

1. Infosys

LKP Advisory is very bullish about Infosys and states that it has a current market price of 2,850 and aiming a target of 3,200. Buying this stock would fetch a return of 9 percent.

Infosys Limited (Infosys), formerly Infosys Technologies Limited, is a global technology services company which provides business consulting, technology, engineering and outsourcing services to help clients in over 30 countries. Infosys’s end-to-end business solutions leverage technology for its clients. Its suite of business solutions includes business and technology consulting, custom application development, infrastructure management services, maintenance and production support, package enabled consulting and implementation including enterprise solutions, product engineering and lifecycle solutions, systems integration, validation solutions and cloud-based solutions and services. The Company also provides software products to the banking industry. Through Infosys business process outsourcing (BPO), it provides business process management services, such as offsite customer relationship management, finance and accounting, and administration and sales order processing.

The average volume traded by Infosys is 9,86,459. It’s 52 week high value is 3,317.10 and 52 week low value is 2,161.50.