Lok Sabha election 2024: BEL, NTPC, NHPC to M&M — experts recommend these 11 stocks to buy for long-term
Lok Sabha election 2024: After the sell-off on Dalal Street, the Indian stock market investors must be looking for bottom fishing opportunity. For such value investors, Lok Sabha election 2024 is one of the biggest factors and they are looking at all possible stocks that may yield whopping returns in the medium to long term.
According to experts, following pre-poll survey outcomes, the Indian stock market has already priced in the anticipated victory of the BJP-led NDA in fast approaching Lok Sabha elections. However, they predicted that after the recent sell-off, medium to long-term investors may look at infrastructure, defence, oil, power and renewable energy, PSU, auto, and banking stocks.
On stocks to buy for the long term ahead of the Lok Sabha election 2024, market experts listed out 11 buy or sell stocks — BEL, NTPC, NHPC, M&M, Maruti Suzuki, ONGC, Hindustan Aeronautics Ltd or HAL, ICICI Bank, Axis Bank, State Bank of India (SBI), and Canara Bank. Speaking on the segments containing value picks ahead of the Lok Sabha election, Amit Goel, Co-Founder and Chief Global Strategist at Pace 360 said, "The market may have already priced in the anticipated win for the NDA, potentially limiting the upside for stocks post-election.
Nonetheless, certain sectors stand to benefit from a stable government: infrastructure, defence, Power & Renewable Energy." Also Read: Stock market holidays next week: BSE, NSE to remain closed on Holi, Good Friday Advising stock market investors to look at PSU, banking, and auto segments, Saurabh Jain, Vice President — Research at SMC Global Securities said, "The government policies are expected to continue if the Lok Sabha election results come in sync with the pre-poll survey. In that scenario,
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