New Delhi: The Hong Kong-based multinational investment group, CLSA, has made a list of stocks that are expected to gain in the first 100-days of the new Narendra Modi-led NDA government. The Modi 3.0 Government is all set to take oath on June 9. Some of these stocks which are likely to rise are from sectors like infrastructure and defence. Some of the companies are Larsen & Toubro (L&T), IRB Infrastructure, NCC and Hindustan Aeronautics.
The investment group believes that in the first 100 days of Modi 3.0 regime, the government would give large orders in the infrastructure and defence domain. This will swell the order book of these companies, which would in turn result in a surge in share prices.
What Goldman, Morgan, Jefferies have to say
According to a report of ‘The Economic Times’, other international financial firms like Goldman Sachs, Morgan Stanley and Jefferies have also listed out stocks that stands to gain from decisions expected to be made during Modi 3.0 first 100 days plan regime.
Goldman Sachs prefers private banks
Goldman Sachs is bullish on private banks like HDFC Bank, Kotak Mahindra Bank, and Axis Bank. Interestingly, the US-based investment bank prefers private banks over PSU Banks which have had tremendous rally so far in the Modi era. Goldman Sachs is of the view that steep correction in some of the private lenders has created room for valuation. Plus, private banks also have backing of strong fundamentals. The investment bank is also bullish on NBFCs like Shriram Finance and L&T Finance.
Jefferies stock recommendations
Another US-based investment bank, Jefferies, also has a list of stocks ready for Modi 3.0 regime. The multinational financial services firm believes that Modi in his third term will give fresh orders on central government’s housing schemes. These orders will benefit housing finance companies like LIC Housing, Can Fin Homes, Home First Finance Company and Aavas Financiers.
Morgan Stanley stock recommendations
US-based financial services company, Morgan Stanley, has insurance stocks in its kitty. The investment bank has said that the insurance industry will also gain from various policies formulated during Modi’s third term. According to Morgan Stanley, life insurance companies like HDFC Life and SBI Life stand to benefit in this sector.
(Disclaimer: Arun Mantri is a SEBI registered investment advisor. This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
CLSA, Goldman Sachs, Morgan Stanley and Jefferies have released a list of stocks which would benefit from orders expected to be passed by the Government after Prime Minister Narendra Modi takes oath for his third term. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
