Election stocks to buy: Phillip Capital has shortlisted 21 ideas for next 1 year
Brokerage firm Phillip Capital has provided a list of 21 stocks that it believes can potentially yield significant returns for investors in the next year, assuming the ruling BJP secures 290-300 seats in the Lok Sabha election results expected on June 4.
Assuming that the ruling will retain power by bagging 290-300 seats in the result on June 4, brokerage firm has given a list of 21 stocks that can make richer in the next one year.In the base case scenario, it has assumed 290-300 seats for and 330-340 seats for . "If this pans out, we have a positive near/long-term stance in , earnings, and economy, assuming policy continuity and execution," the brokerage said, adding that it remains positive on automation, EVs, defense, railways, logistics, ports, roads, real estate, metals, cement, energy, and financials.
Top stock picks of for the next 1 year are: , , , , , Shriram Finance, Muthoot Finance, UltraTech, Siemens, Hero MotoCorp, TVS Motor, Divi's Labs, Syngene, APL Apollo, Jindal SAW, IGL, Aarti Industries, Vinati Organics, Praj, Gokaldas Export and SP Apparel.
Top picks from a two-three year perspective: HDFC Bank, ICICI Bank, , Kotak Bank, Bajaj Finance, Sundaram Finance, MAS Financial, Infosys, HCL Tech, Persistent, KPIT Tech, Rategain, Reliance, GAIL, Ambuja Cements, JK Cement, L&T, Bharti, Sun Pharma, Divi's Labs, Syngene, Coal India, JSW Steel, Jindal Stainless, Maruti, Bharat Forge, Ashok Leyland, Concor, NCC, PNC Infra, Gateway Distriparks, SRF, Aarti Industries, Navin Flourine, PI Industries, Coromandel, Dhanuka Agritech.
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Most investors on the Street are betting on Modi's return to power. In the bullish scenario of 325+ BJP and 360+ NDA, Phillip Capital said that it should result in a sharp rise in equities but if the BJP does not secure a majority but the NDA forms a government under the leadership of Narendra Modi as PM, a sharp sell-off in equities is being feared.
As the ended Wednesday's trading session 668 points lower, Union Home Minister and top BJP leader said the profit booking should not be linked to elections.
"After a 1,200-1,300 point rise, going down is a very normal process. This happens 15-20 times in a year even without elections," he told NDTV when asked to comment on fears that the may fall after election results are out on June 4.
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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Source: Stocks-Markets-Economic Times
