Phillip Capital predicts BJP-led NDA s re-election in 2024, dismissing concerns over low voter turnout. The brokerage firm sees three scenarios for Lok Sabha election outcome, all pointing towards NDA retaining power.
BJP seat wins above 325 to trigger market rally, says PhillipCapital; stocks to buy businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.
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.
Last week was eventful, though truncated. The BSE 500 index ended with an uptick of 664 points or 2%, following the footsteps of the headline index S&P BSE Sensex that gained 1,500 points or 2% to hit an all-time high of 75,636. The two defence PSU counters and railway play RVNL ended the week with an uptick of 35%, 32% and 27%, respectively.
JSW Steel, Zydus Life, NHPC, Astral, RVNL, Phoenix Mills, Balkrishna Industries, Global Health, GSK Pharma, Delhivery, Bandhan Bank, ZEEL and others will announce their Q4 results later today.