On the eve of Lok Sabha Elections Results 2024, stock market experts have recommended investors to buy Modi stocks like SBI, L&T, BEL, GAIL, NHPC, RVNL, NMDC, etc. All these stocks are expected to outperform if Prime Minister Narendra Modi returns to power on Tuesday, June 04, 2024.
According to a report by ‘The Economic Times’ brokerage firm, Motilal Oswal Financial Services has initiated a buy call on the largest public sector bank of the country the State Bank of India. The brokerage has said that SBI is likely to scale new record highs. On Monday, June 03, 2024, the scrip closed more than nine per cent higher at Rs 905 on the Bombay Stock Exchange (BSE).
The investment firm is also bullish on construction major, L&T. The brokerage has said that the RSI of the stock is positive. People can expect the stock to gain from infrastructure projects announced by the Modi government. On Monday, the scrip jumped more than six per cent to close at Rs 3897 on the BSE.
Motilal Oswal is also bullish on defence stock, BEL. According to the brokerage, BEL’s stock has formed a strong bullish candle. On Monday, the scrip jumped more than seven er cent and closed at Rs 318 apiece on the BSE.
Here is the entire list of Stocks that stand to benefit from empathetic Modi victory:
RIL, Adani Ports in focus:
Stock Name
6 Month return
Hindustan Aeronautics Ltd
119.4 per cent
Hindustan Copper Ltd
112.6 per cent
National Aluminium Co Ltd
111.1 per cent
Bharat Electronics Ltd
108.8 per cent
Cummins India Ltd
103.1 per cent
Siemens Ltd
98.5 per cent
ABB India Ltd
97.9 per cent
Indus Towers Ltd
85.2 per cent
Steel Authority of India Ltd
82.7 per cent
Bharat Heavy Electricals Ltd
80.9 per cent
Dixon Technologies India Ltd
71.6 per cent
Adani Ports & Special Economic Zone
71.3 per cent
REC Ltd
68.9 per cent
Punjab National Bank
63.7 per cent
Tata Power Co Ltd/
63.1 per cent
Hindustan Petroleum Corp Ltd
62.7 per cent
GAIL India Ltd
60.8 per cent
Jindal Steel & Power Ltd
58.4 per cent
InterGlobe Aviation Ltd
58.1 per cent
Indian Railway Catering & Tourism
57.2 per cent
Power Finance Corp Ltd
56.4 per cent
Indian Oil Corp Ltd
55.6 per cent
Bharat Petroleum Corp Ltd
53.1 per cent
Petronet LNG Ltd
51.5 per cent
Power Grid Corp of India Ltd
50.7 per cent
State Bank of India
46.6 per cent
GMR Airports Infrastructure Ltd
46.3 per cent
NMDC Ltd
45.5 per cent
Canara Bank
45.3 per cent
Ambuja Cements Ltd
45.2 per cent
Oil & Natural Gas Corp Ltd
44.6 per cent
Coal India Ltd
44.4 per cent
Container Corp Of India Ltd
43.6 per cent
NTPC Ltd
43.1per cent
Bharat Forge Ltd
41 per cent
Bharti Airtel Ltd
39.1 per cent
Indian Hotels Co Ltd
38.3per cent
ACC Ltd
38.1per cent
Adani Enterprises Ltd
37.2per cent
Bank of Baroda
37.1per cent
Polycab India Ltd
32.5per cent
Gujarat Gas Ltd
27.9per cent
Mahanagar Gas Ltd
26.3 per cent
Ashok Leyland Ltd
24.9 per cent
Reliance Industries Ltd
22.2 per cent
Larsen & Toubro Ltd
18.4 per cent
Indraprastha Gas Ltd
18.2 per cent
UltraTech Cement Ltd
17.1 per cent
Vodafone Idea Ltd
14 per cent
JK Cement Ltd
12.6 per cent
Shree Cement Ltd
-2.6 per cent
India Cements Ltd
-8.4 per cent
Dalmia Bharat Ltd
-17.9per cent
Ramco Cements Ltd
-22.6per cent
This list was made by capital markets and investment group, CLSA. The Hong Kong based investment firm had factored in government policies formulated by the Modi government to prepared this list.
Most of the total of 54 Modi Stocks have outperformed India’s benchmark indices, Nifty and Sensex in the last six months. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
