Lok Sabha elections 2024 stock picks: Texrail, SBI, Bharti Airtel among 5 stock recommendations by Yes Securities
Also Read: Lok Sabha Election Phase 7 Voting Live Updates: 49.68% voter turnout till 3 pm; sporadic violence in West BengalIn an attempt to take into account the expected outcomes of the results of the national election, market analysts believe that the equities market remained volatile and biased downward throughout the week. As the voting process gets underway early next week, the market can remain jittery until the final results are revealed and the market takes a clear course.
The market has recently grown somewhat more expensive, which may lead to some profit booking even if the economic fundamentals are still strong and the secular upswing is still intact.YES Securities Executive Director Amar Ambani recommended a few stocks that were well worth purchasing ahead of the outcome of the 18th Lok Sabha election. “The market is presently in a wait-and-watch mode.
A clear mandate would reinforce confidence in India, ensuring policy continuity. Positive FII flows can be anticipated with a clear majority in the election results.
After the completion of this mega event, the Indian economy will continue on its growth path; hence, we expect capital markets to be buoyant in the year ahead," said Amar Ambani.Also Read: Buy or sell: Sumeet Bagadia recommends three stocks to buy on Monday - June 3 Current market price (CMP): ₹359 Target Price: ₹419 Potential Upside: 17% CMP: ₹830 Target Price: ₹1,000 Potential Upside: 20.5% CMP: ₹1,372 Target Price: ₹1,680 Potential Upside: 22% CMP: ₹199 Target Price: ₹250 Potential Upside: 26% CMP: ₹85 Target Price: ₹100 Potential Upside: 18%Also Read: Lok Sabha Elections 2024: Indices ended May flat. Can there be a reversal post election results on June 4?Disclaimer: The views and
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