Who will get D-Street's vote: Stocks to benefit from a BJP win in polls

"The BJP manifesto has a strong positive read-through for Indian equities," said Seshadri Sen, head of research at Emkay Global Financial Services. "Railways, defence, housing mortgages, tourism, and aviation are direct beneficiaries; while textiles and pharma API are probable winners."

Mumbai: Based on the ruling Bharatiya Janata Party's manifesto for the 2024 general , brokerages have come out with a list of that could potentially benefit if the party (government) stays in power. Stocks from sectors such as shipping, electronic outsourcing, railways, ports, defence, construction, and textiles exporters, among others, are seen as top beneficiaries.

"The BJP manifesto has a strong positive read-through for Indian equities," said Seshadri Sen, head of research at . "Railways, defence, housing mortgages, tourism, and aviation are direct beneficiaries; while textiles and pharma API are probable winners."

A manifesto is a document released by a political party before a general election that contains the policies it would deliver if it were to win an election. With the market betting on BJP to return to power, investors are considering the party's manifesto as policy proposals.

Brokerage Phillip Capital said BJP's manifesto is talking about further expansion of infrastructure such as physical, digital, social, manufacturing, exports, MSMEs, employment, rural income, and youth and women's empowerment. "Within infrastructure, it will lay emphasis on housing, defence, railways, aviation, energy, roads and electric vehicles (EVs). Sustainable, technological, regionally balanced and globally unified development will continue to be the guiding light for future policies," said Phillip Capital analyst Anjali Verma in a note.

Here are some of the stocks that could benefit from the implementation of BJP's 2024 manifesto:

Promoting Affordable Housing:

, CanFin Homes, , , , ,

Positioning India as a Global Railway Manufacturing Hub:

, , Titagarh, Texmaco APL Apollo,

Improved Working capital to MSME:

,

Expanding Piped Natural Gas Connections:

, , , Mahanagar Gas,

Gujarat Gas, Adani Total Gas, Welspun Corp

Increase in Minimum Support Price:

Escorts Kubota, M&M

Har Ghar Jal (Water) Scheme:

Jindal Saw, Welspun Corp,

Electrosteel Castings

Strengthening India's Position as the World's Pharmacy:

Divi's Lab, Syngene, Suven Pharma, Ami Organic, Laurus Lab

Making India a Global Leader in Auto & EV Manufacturing:

Tata Motors, M&M, Olectra, JBM Auto, Ashok Leyland, Motherson and Sona BLW

Promoting Ship-Building:

Garden Reach, Mazagaon Dock, Cochin Shipyard

Making India into a Global Electronics Manufacturing Hub by 2030:

PG Electroplast, Amber Enterprises, Dixon Tech, Kayens Tech,

Polycab, Havells

Global Leader in Textile Manufacturing:

Welspun Industries, KPR Mills, Trident, Gokaldas Exports

Expanding Expressways and Ring Roads:

L&T, NCC, HCC, IRB Infra,

Dilip Buildcon

Promoting Defence Manufacturing:

Bharat

Electronics,

Bharat

Dynamics, Hindustan Aeronautics

Source: Stocks-Markets-Economic Times