Investors are looking at sectors like capital goods, defense, and real estate for growth opportunities post-election. The focus is on infrastructure development and capex growth in line with BJP s manifesto.
Nuvama, a domestic brokerage, initiated coverage on Inox Wind and Suzlon Energy with optimistic outlooks. It assigned a buy rating and a target price of Rs 195 for Inox Wind, citing its position as one of the two key players in India s WTG and turnkey EPC market. Meanwhile, Suzlon Energy received a buy rating with a target price of Rs 53, backed by its technological edge, high-margin services, and strong balance sheet.
"Profit-booking is a routine phenomenon. Don t link it to elections. Those who are there for the short-term in the elections will obviously book profits. After a 1,200-1,300 point rise, going down is a very normal process. This happens 15-20 times in a year even without elections," he said when asked to comment on fears that the market may fall after election results are out on June 4.
Brokerage firm Phillip Capital has provided a list of 21 stocks that it believes can potentially yield significant returns for investors in the next year, assuming the ruling BJP secures 290-300 seats in the Lok Sabha election results expected on June 4.