SBI, GAIL, HAL among 43 stock ideas as BJP’s bear case scenario plays out
PhillipCapital predicts positive trends with BJP's potential return to power. Top stock picks recommended by the brokerage include ICICI Bank, SBI, Infosys and others.
, , , , are among 43 stocks that might perform well as trends are likely to remain positive with 's potential return to power, said domestic brokerage firm ., Muthoot Finance, Sundaram Finance (NR), Infosys, LTIMindtree, Persistent, , Ambuja Cements, JK Cement, L&T, Siemens, BEL (NR), Reliance (NR), IGL, Bharti (NR), Sun Pharma, Divi's Labs, Syngene, JSW Steel, Jindal Stainless, Hero MotoCorp, , Bharat Forge, Ashok Leyland, HUL, GCPL, Marico, Zomato, NCC, Praj, SRF, Aarti Industries, Navin Flourine, PI Industries, Coromandel, and Dhanuka Agritech are the other top picks suggested by the brokerage firm.
A stable in the long run, with the continuity of BJP’s policies is what the economy/equity markets need. Despite the weaker than expected poll results, the coming back to power for a third successive term is seen as a big positive.
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PhillipCapital states that as clarity emerges on the detailed aspects of government formation and with further , assuming relative stability in NDA politics and policies, they will be buying equities.
“Also, we remain vigilant on the response of domestic investors and liquidity in the – which has been the primary reason for its post-Covid rise. Further erosion of the Indian market is likely; thus, opine that valuations have still not turned attractive,” added Anjali Verma, Research Analyst at PhillipCapital.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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Source: Stocks-Markets-Economic Times
