Exit polls predict Modi 3.0: Sharekhan lists top stocks for short and long term including ICICI Bank, SBI; check list
Coal India, HAL, BRL, UltraTech Cement, SBI, DLF, BHEL, NTPC, and PFC, among others.Meanwhile, in its structural picks (long-term for 2-3 years), it likes stocks including TVS Motor, L&T, Thermax, Bharat Forge, Trent, Indian Hotels, Sunteck Realty, BPCL, HPCL, etc.The brokerage noted that over the past 10 years, the BJP-led government under Prime Minister Narendra Modi has introduced numerous policy reforms to elevate the Indian economy. Key initiatives include the introduction of RERA and the Insolvency and Bankruptcy Code in 2016, promoting transparency in the real estate sector and streamlining insolvency processes.
The adoption of the Unified Payments Interface (UPI) has been transformative, with over 62 percent of digital transactions now occurring through UPI, it said.The government has also boosted domestic manufacturing through PLI schemes across various sectors and enhanced multi-modal infrastructure connectivity with the PM Gati Shakti program, it further stated. Economic reforms, such as GST implementation and corporate tax cuts, have improved corporate profitability and economic transparency.
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