Investors hedge portfolios with ballot-proof stocks like HDFC Bank, Coforge, Vodafone Idea, L&T, BHEL, and Amara Raja Battery amid election volatility. Experts Sanjiv Bhasin and Kunal Bothra suggest these stocks. Prabhudas Lilladher lists 35 election-proof stocks across sectors like FMCG, auto, healthcare, IT services, banks, capital goods, commodities, and consumer durables.
Irrespective of who forms government at the Centre, sectors such as FMCG, auto, healthcare, IT services, private banks, and capital goods are expected to perform well, stated brokerage Prabhudas Lilladher in its latest report, 'India Strategy Report - Mandate 2024, Brace of Volatility'.
Stating that consumption-led sectors will do better, irrespective of which government comes to power, Amnish Aggarwal gave out a list of 35 stocks like FMCG, auto, healthcare, IT services, banks, capital goods, commodities, consumer durables, and telecom.
“One of the best performing sectors has been the capital goods and engineering companies. The second sector where the numbers have been pretty good has been the automobile sector because the volumes which were expected to be good and the benefits of low raw material prices and operating leverage have come. The third, is the largest segment – banks. A major outperformance has come in numbers on account of lower provision of NPAs.”
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