Top election stock concepts: What are brokerages betting on based on Modi’s expected win?

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Stock market concepts: The stock market witnessed a big surge on Monday, with Nifty hovering by roughly 3% and Sensex skyrocketing by 2,778 factors. This outstanding rally was seemingly pushed by heavy short-covering by Foreign Institutional Investors (FIIs), following the exit polls that caught the market off guard by forecasting a convincing victory for the National Democratic Alliance (NDA).
According to an ET report, merchants enthusiastically embraced the “Aayega To Modi” slogan as an funding method, eagerly buying Prime Minister Narendra Modi’s most popular Public Sector Undertakings (PSUs) of their entirety.
Across the board, all sectoral indices have been engulfed in a sea of inexperienced, whereas the India VIX, Dalal Street’s worry gauge, plummeted by 20%.
Also Check | Stock Market Live Updates: BSE Sensex, Nifty50 scale report highs
Neeraj Chadawar of Axis Securities expressed optimism, stating, “If the Lok Sabha results on 4th June materialize as per the Exit Poll direction, our country will likely enter a “Golden Phase” of political stability and policy continuity. The Indian economy is in a sweet spot of growth and remains the land of stability against the backdrop of a volatile global economy. With this expectation of political stability and policy continuity, the prospects of the Indian economy appear notably brighter and more promising in the upcoming years.”
Exit polls, averaging outcomes from 12 surveys, mission the NDA to safe 367 seats on this election, surpassing its earlier tally of 353 within the 2019 polls. Even probably the most conservative estimate predicts a minimal of 316 seats for the alliance. Although the NDA might not obtain its bold ‘Abki Baar 400 Paar’ objective, merchants anticipate the Nifty to surpass the 24,000 mark this week.
Also Read | Adani group shares surf on Modi wave! Rs 1.4 lakh crore market cap added as exit polls predict NDA win
Nomura has set its December 2024 Nifty goal at 24,860, based on a 20x a number of. Brokerage corporations keep a constructive outlook on home sectors, with shares associated to manufacturing and capital expenditure topping their precedence checklist.

Top Election Stock Ideas:

  • Motilal Oswal’s mannequin portfolio stays centered on key home cyclical themes, backed by constant earnings progress. They are obese on financials, consumption, industrials, and actual property sectors. Their high picks embody ICICI Bank, SBI, L&T, Coal India, M&M, Adani Ports, ABB, HPCL, Hindalco, Indian Hotels, Godrej Properties, Global Health, KEI Industries, PNB Housing, Cello World, and Kirloskar Oil.
  • CLSA favors ONGC, NTPC, NHPC, SBI, Power Finance, IGL, and Mahanagar Gas within the PSU house. Among non-PSU Modi shares, they like Ashok Leyland, Ultratech, L&T, and telecom shares like Bharti Airtel, Indus Towers, and Reliance, which are linked to tariff hikes.
  • Nomura’s high picks in India embody SBI, ICICI Bank, GCPL, M&M, BHEL, Reliance Industries, and Bharti Airtel. In the midcap phase, they like Federal Bank, Voltas, Lupin, Medplus, InfoEdge, and Uno Minda.
  • Axis Capital’s high picks are “SBI, Bank of Baroda, REC, NTPC, JSW Energy, Suzlon, RVNL, J Kumar Infra, and Hindustan Aeronautics.”
  • Sharekhan’s high picks embody ICICI Bank, IndusInd Bank, M&M, Escorts, Hero MotoCorp, L&T, PNC Infratech, Adani Ports, ABB, Siemens, Thermax, Cummins, Kirloskar Engines, BHEL, HAL, BEL, Mazgaon Dock, Cochin Shipyard, BEML, UltraTech, JK Lakshmi Cement, SBI, Bank of Baroda, Bank of India, PNB, DLF, Sunteck Realty, Arvind Smartspaces, BPCL, HPCL, Coal India, NTPC, and PFC.
  • Phillip Capital’s high picks are “SBI, BOB, Canara Bk, PFC, REC, 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, SP Apparel.”
  • Prabhudas Lilladher’s high picks embody L&T, Adani Port, Siemens, ABB, Carborundum, Schneider, Esab, Ingersoll Rand, Kirloskar Pneumatic, HAL, BEL, BDL, BEML, Mazagon Dock, Cochin Shipyard, Ultratech, Ambuja Cement, RIL, Sterling Wilson, Waaree, L&T, Praj Industries, JSPL, JSL, SBI, BoB, Canara Bank, Union Bank, PNB, Polycab, RR Kabel, Dixon, Amber, Keynes, and Syrma.


Nilesh Desai
Nilesh Desaihttps://www.TheNileshDesai.com
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.

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