look news india
On June 4, it will be decided by what margin the ruling party will win the elections. If BJP wins for the third time in a row as expected, then 54 *Modi Stocks* will directly benefit from it. International brokerage firm CLSA says that this includes public sector units (PSUs), infra companies and corporate groups. These stocks are known as Modi stocks.
The brokerage firm said that 90 per cent of these stocks were the best performers in the Nifty in the last six months in anticipation of BJP's victory in the Lok Sabha elections. Among these 54 stocks, the brokerage firm's top picks are Larsen & Toubro, NTPC, NHPC, Power Finance Corporation, Oil & Natural Gas Corporation, State Bank of India, Reliance Industries, Bharti Airtel, Mahanagar Gas, UltraTech Cement and Ashok Leyland. The brokerage firm says that, in the last six months, the entire basket trade has been seen in our vote. The expectations of the Lok Sabha elections started six months ago with the strong performance of the ruling BJP in the state elections in early December. After the BJP's victory in the Hindi speaking region of India late last year, there were speculations that the BJP would win the Lok Sabha elections easily. Since the results of these state elections about six months ago, the Nifty has gained up to 13 per cent. Whereas the average rise in stocks has been seen due to 50 per cent probability of BJP's victory.
The brokerage firm believes that the good performance of Modi stocks indicates that there is a strong possibility of the ruling BJP winning the Lok Sabha elections again.