Best Title: Modi Stocks to Watch: BJP Wins Lok Sabha Elections!
In the wake of the BJP's Lok Sabha election victory, certain Modi stocks are poised to see significant benefits. According to CLSA, these stocks could experience a substantial surge due to the positive sentiment and policies expected to be rolled out by the BJP government. In this video, we delve into the analysis provided by CLSA, highlighting the key stocks that are likely to gain and explaining the reasons behind these predictions.
These 'Modi stocks' might gain from BJP victory in Lok Sabha elections, CLSA states
The list includes many public sector companies from capital expenditure and infrastructure-related sectors, which the brokerage called "Modi stocks."
International brokerage CLSA stated that 54 companies could directly benefit from the current government's policies. The list includes many public sector companies from capital expenditure and infrastructure-related sectors, which the brokerage called "Modi stocks" because they have gained due to the likelihood of the BJP returning to power.
The "Modi stocks" have outperformed the Nifty and are likely to keep doing so, especially if the current government returns with a strong majority, the brokerage said. These stocks include L&T, NTPC, NHPC, PFC, ONGC, IGL, and Mahanagar Gas. The brokerage noted that PSU stocks could continue to rise until June or July, as seen in the last two elections when PSUs gained after the results.
Besides these stocks, banks like HDFC Bank, ICICI Bank, Axis Bank, and IndusInd Bank also have growth potential, and their stocks could rise, CLSA said.
Other stocks highlighted by CLSA include Ashok Leyland, UltraTech, L&T, Bajaj Finance, Max Financials, Zomato, and DMart. In the telecom sector, Bharti Airtel, Indus Towers, and Reliance Industries are CLSA's top picks.
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