Stock to buy: As soon as the results of the Lok Sabha elections come out on June 4, it will be decided who will lead the country. Brokerage firm Phillip Capital predicts that the BJP-led NDA has a strong chance of re-election in 2024. In such a situation, investors should consider buying shares on a correction. The brokerage believes that the country has the potential for strong political stability.
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What did the broker say?
“Assuming a stable coalition led by Modi for the next five years, we recommend buying equities on sharp declines. We see no chance of a non-NDA government coming to power,” the brokerage firm said.
Investors are exiting by selling this Tata share, says expert – price will fall to ₹135!
Buy for short term
According to Philip Capitals, investors looking at the next one year include SBI, Bank of Baroda, Canara Bank, PFC, REC, Shriram Finance, Muthoot Finance, Ultratech, Siemens, Hero MotoCorp, TVS Motor, Divis Labs, Sinjin, APL Apollo. , Jindal can bet on shares of SAW, IGL, Aarti Industries, Vinati Organics, Praj, Gokaldas Exports (NR) and SP Apparel (NR).
This share of Railways will cross ₹ 400, the company is getting continuous orders.
Buy for the long term
According to brokerages, for the next two to three years HDFC Bank, ICICI Bank, SBI, Kotak Mahindra Bank, Bajaj Finance, Sundaram Finance (NR), MAS Financial (NR), Infosys, HCL Tech, Persistent, KPIT Tech, Rategain, Reliance (NR ), GAIL, Ambuja Cements, JK Cement, L&T, Bharti (NR), Sun Pharma, Divi’s Labs, Syngene, Col India (NR), JSW Steel, Jindal Stainless, Maruti, Bharat Forge, Ashok Leyland, Concor, NCC, PNC Infra, Gateway Districtpark, SRF, Aarti Industries, Naveen Florin, PI Industries, Coromandel and Dhanuka Agritech can bet on shares.