As of June 2024, several stocks in India are being recommended by experts due to the anticipated outcomes of the Lok Sabha elections. Here are some stocks to consider:
1. Bharat Heavy Electricals Ltd (BHEL)
A key player in the defense sector, BHEL is expected to benefit from continued government focus on defense modernization.
2. NTPC and NHPC
These companies in the power sector are poised for growth due to increasing investments in renewable energy and infrastructure projects.
3. Mahindra & Mahindra (M&M) and Maruti Suzuki
Both companies are leaders in the auto sector, which is likely to perform well given the potential for stable government policies supporting this industry.
4. ONGC
The oil and natural gas sector is expected to benefit from government policies and rising energy demands.
5. Banks
Particularly, State Bank of India (SBI) and Canara Bank in the public sector, and ICICI Bank and Axis Bank in the private sector, are expected to see growth due to favorable interest rate policies and increased lending opportunities.
6. Hindustan Aeronautics Limited (HAL)
Another significant player in the defense sector, HAL is expected to gain from ongoing defense projects and increased spending.
These recommendations are based on the anticipated stability and policy continuations post-elections. However, it is advisable to consult with a certified financial advisor to tailor these recommendations to your personal investment strategy and risk profile.
Reference:
- https://www.livemint.com/market/stock-market-news/lok-sabha-election-2024-bel-ntpc-nhpc-to-m-m-experts-recommend-these-11-stocks-to-buy-for-longterm-11711174772868.html
- https://www.businesstoday.in/markets/market-commentary/story/lok-sabha-elections-2024-brokerages-bullish-on-these-stocks-during-and-after-polls-423343-2024-03-29
