Ext poll 2024 results: Dhiraj Relli of HDFC Securities said infrastructure, BFSI, capital goods and telecom sectors could be the key beneficiaries. Kranthi Bathini of WealthMills Securities said he is positive on railways and defence stocks.
During the election season, PSU stocks, also known as Modi stocks , surged in value by Rs 7 lakh crore as investors showed confidence in PM Narendra Modi s policies and leadership, especially in defence PSUs like Cochin Shipyard and Bharat Dynamics.
231 smallcaps suffer double-digit losses as investors sell in May . Will they come back in June? The stock market cliche of sell in May and go away proved true this year amid general election uncertainties. Concerns over BJP s election performance and significant volatility affected investor sentiments. Benchmark indices like Sensex and Nifty experienced slight declines.
India Business News: The list of election season winners is dominated by shares of defence PSUs, which are among the primary beneficiaries of PM Modi's 'Aatmanirbhar Bhara
Strong Q4 and FY24 earnings, better financials than its competitors, and a focus on diversification are among the reasons why the stock has quadrupled in the past 12 months.