Stocks in Focus 31 May 2024 📈📉
Results of Lok Sabha Elections to be Declared on 4 June
The results of the Lok Sabha elections will be announced on 4 June. This will also determine who will lead the country for the next five years. Brokerage firm Phillip Capital has predicted that there is a possibility of the BJP-led NDA being re-elected in 2024. In such a scenario, investors should consider buying shares on correction. The brokerage firm believes that there is a high chance of strong political stability in the country.
What the Brokerage Firm Says?
The brokerage firm said, “Keeping in mind a stable government under Modi’s leadership for the next five years, we are advising investors to buy equities with a significant correction. We see no possibility of a non-NDA government coming to power.”
Short Term Picks
According to Phillip Capitals, investors are keeping an eye on SBI, Bank of Baroda, Canara Bank, PFC, REC, Shriram Finance, Muthoot Finance, UltraTech, Siemens, Hero MotoCorp, TVS Motor, Divis Labs, Sun Pharma, ICICI, Aarti Industries, Vinati Organics, Praj, and Gokaldas Export.
Long Term Picks
For the long term, the brokerage firm recommends HDFC Bank, ICICI Bank, SBI, Kotak Mahindra Bank, Bajaj Finance, Sundaram Finance, M&M Financial, Infosys, HCL Tech, Persistent, KPIT Tech, Reliance, GAIL, Ambuja Cement, JK Cement, L&T, Bharti, Sun Pharma, Divis Labs, Ashok Leyland, Concor, NCC, Gateway Distriparks, SRF, Aarti Industries, Navin Fluorine, PI Industries, Coromandel, and Dhanuka Agritech.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
