If exit polls hold true, these stocks are set to surge under Modi 3.0
exit polls indicate a clear majority for the BJP-led NDA coalition for the 18th Lok Sabha, analysts from various brokerage houses have identified a range of stocks that stand to benefit from the formation of a Modi 3.0 government.
After the 7th phase of elections on Saturday, almost all exit poll surveys showed that the BJP is likely to win the Lok Sabha election on June 4. The average of all major exit polls indicates that the BJP-led NDA will secure 374 seats in this election, while the INDIA alliance may get 137 seats and others may get 30 seats.
Today's Chanakya survey suggests that the NDA could reach 400 seats, while India Today-Axis predicts 361-401 seats, and India TV-CNX forecasts 371-401 seats. News Nation and TV 9 Bharatvarsh-Polstrat, which give the least seats to the NDA, still predict 342 seats, well above the majority threshold of 272 seats.
If the exit polls are accurate, stocks categorized as "Modi stocks" could rally, as many analysts had predicted.
Modi stocks are those of companies or sectors that have benefited directly from government policies and initiatives under Prime Minister Narendra Modi, making them attractive to investors looking to capitalize on government-driven growth.
Global brokerage CLSA has identified 54 companies perceived as direct beneficiaries of Modi’s policies, half of which are PSUs. These counters include:
Defense & Manufacturing: HAL, Hindustan Copper, NALCO, Bharat Electronics, Cummins India, Siemens, ABB India, SAIL, BHEL, Bharat Forge
Infrastructure &
