If exit polls hold true, these stocks are set to surge under Modi 3.0
Modi stocks are companies or sectors that have benefited directly from government policies and initiatives under PM Narendra Modi, making them attractive to investors looking to capitalize on government-driven growth. CLSA has identified 54 such companies, perceived as direct beneficiaries, half of which are PSUs.
As indicate a clear majority for the for the 18th Lok Sabha, analysts from various brokerage houses have identified a range of that stand to benefit from the formation of a government.After the 7th phase of elections on Saturday, almost all exit poll surveys showed that the is likely to win the on June 4. The average of all major exit polls indicates that the BJP-led will secure 374 seats in this election, while the INDIA alliance may get 137 seats and others may get 30 seats.
Today's Chanakya survey suggests that the NDA could reach 400 seats, while predicts 361-401 seats, and forecasts 371-401 seats. and TV 9 Bharatvarsh-Polstrat, which give the least seats to the NDA, still predict 342 seats, well above the majority threshold of 272 seats.
If the exit polls are accurate, stocks categorized as "" could rally, as many analysts had predicted.
Modi stocks are those of companies or sectors that have benefited directly from and initiatives under Prime Minister Narendra Modi, making them attractive to investors looking to capitalize on government-driven growth.
Global brokerage CLSA has identified 54 companies perceived as direct beneficiaries of Modi’s policies, half of which are PSUs. These counters include:
Defense & Manufacturing: HAL, Hindustan Copper, NALCO, Bharat Electronics, Cummins India, Siemens, ABB India, SAIL, BHEL, Bharat Forge
Infrastructure & Transport: Indus Towers, GMR Airports, IRCTC, Container Corporation of India
Power & Energy: NTPC, NHPC, PFC, REC, Tata Power, HPCL, GAIL, JSPL, Power Grid Corporation, ONGC, Coal India, Petronet LNG, BPCL, IOCL
Banking & Finance: SBI, PNB, Canara Bank, Bank of Baroda
Telecom: Bharti Airtel, Vodafone Idea, Indus Towers
Others: Adani Ports, Ambuja Cements, ACC, Indian Hotels, Reliance Industries, L&T, UltraTech Cement, Shree Cement, The India Cements, Dalmia Bharat, The Ramco Cements
Among these stocks, L&T, NTPC, NHPC, PFC, ONGC, IGL, MGL, Bharti Airtel, Indus Towers, and Reliance are the preferred picks for .
Meanwhile, Amar Ambani, Executive Director of YES Securities, has suggested several stocks worth buying ahead of the 18th Lok Sabha election results on June 4th. These stocks include NTPC, Texmaco Rail & Engineering (Texrail), SBI, GMR Airports Infrastructure, and Bharti Airtel, with potential returns of up to 26%.
Earlier, assuming the ruling BJP would retain power with 290-300 seats in the Lok Sabha election result on June 4th, brokerage firm Phillip Capital listed 21 stocks that could make investors richer in the next year.
Analysts from JM Financial state, "We prefer due to valuation comfort. On a sectoral level, we like and the consumption space. As policy continuity is in our base case, we believe any dips should be bought into."
(Disclaimer: The views expressed by experts are their own and do not necessarily reflect those of The Economic Times)
Source: Stocks-Markets-Economic Times
