Hot Stocks: CLSA lists stocks that could benefit from the 100-day plan for Modi 3.0
Global brokerage CLSA lists out stocks such as L&T, IRB, and NCC, among others that can benefit from Modi 3.0's 100-day plan, while Goldman Sachs is positive on private banks, Jefferies prefers Aavas Financiers, Can Fin Homes as top housing finance companies and Morgan Stanley are overweight on HDFC Life.
such as list out such as L&T, , and among others that could benefit from the for , is positive on , prefers , as top and are overweight on HDFC Life.We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
CLSA on the 100-day plan for Modi 3.0: Infra stocks to benefit
An ambitious 100-day plan for Modi 3.0 to hit the ground running with large orders, said in a note.
Large orders the being identified to be placed across the infrastructure and defence domains, it said.
Asset monetisation plans to improve funding visibility. Demands from the BJP's allies for more capex in the Andhra and Bihar states should revive state capex as well.
The global investment bank Larsen & Toubro (L&T), IRB Infrastructure, Hindustan Aeronautics, NCC & J Kumar Infraprojects Ltd remain key beneficiaries.
Goldman Sachs on Private Bank: HDFC Bank, Kotak Bank, Axis Bank
Goldman Sachs is of the view that steep corrections in some of the private sector banks offer better entry opportunities. Fundamentals are more important than the narrative.
The global investment bank continues to favor private banks over PSUs.
Key buys in the Goldman Sachs portfolio include names like HDFC Bank, Kotak Mahindra Bank, Axis Bank, and IndusInd Bank.
Amongst the NBFCs are the global investment banks like CreditAccess Grameen, Shriram Finance, and L&T Finance.
Jefferies on Housing Finance Companies: LIC Housing, Can Fin Homes
Modi 3.0 govt may announce the much-awaited revamped affordable housing scheme in the next 100-day period.
Affordable Housing Finance Companies (AHFCs) like Home First Finance Company, and Aavas Financiers should be direct beneficiaries.
Mid-ticket segment players like LIC Housing Finance, and can also see some tailwinds due to the scheme.
The global investment bank prefers Aavas, Home First among AHFCs. Can Fin Home top pick among the HFCs?
Morgan Stanley on Insurance: Overweight on HDFC Life
Morgan Stanley has an overweight rating on HDFC Life. Life insurers have submitted feedback on surrender value proposals.
A favorable outcome could reduce the overhang on life insurers. “Our fundamental view remains that the win-win solution is to have product variants,” said the note.
The industry could look to mitigating measures. SBI Life would likely face the least impact - it has the lowest exposure to non-linked Annual Premium Equivalent (APE).
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of The Economic Times)
Source: Stocks-Markets-Economic Times
