Top 10 Stocks To Invest In Now That Will Give Bumper Returns If Modi Wins Another Term

Everyone in the world is now eagerly waiting for the results of India’s 2024 Lok Sabha elections. The most influential party of today’s time, the Bharatiya Janata Party, under the leadership of Narendra Modi, is now seeking to form their government for the third year in a row, while the leaders of the opposition party are trying their best to challenge the dominance of the BJP. The results of the elections will have a major impact on the stock market as well. We are here with the top 10 stocks that you must invest in because if Modi wins this year also, these stocks will give bumper returns.

10 Stocks to Invest in Now

1)PSU

The BJP-led government has implemented a strategy by combining smaller banks of the public sector to improve the overall working of this sector. This step was taken by the Modi government to resolve issues such as high non-performing assets and low capital adequacy ratios. The government took these steps to boost the workings of the banking sector.

Here are some stocks that you must keep an eye on:

SFBS and Micro Finance Institutions

BAJAJ FINANCE

SHRIRAM FINANCE

2)Railway

The budget for railways increases by 16% to Rs. 2.9 trillion, with a 22% increase specifically for new lines. The new budget is nine times more than the budget for fiscal years 2013–2014. The finance minister has also announced that over the next three years, 400 Vanda Bharat trains are set to be built.

Here are some stocks that you must keep an eye on:

IRCTC

IRFC

RVNL

IRCON

3)Defence

The Make in India policy of the Modi government not only includes consumer goods and textiles but also the defence sector of the country. The BJP-led government has unveiled four ‘Positive Indigenisation Lists’ to decrease imports and encourage local production.

Here are some stocks that you must keep an eye on:

BHARAT DYNAMICS

MAZAGON DOCK SHIPBUILDERS

HINDUSTAN AERONAUTICS

BHARAT ELECTRONICS

PARAS DEFENCE AND SPACE TECH

4)Consumer Expenditure

As India is leading in the race of urbanisation, several sectors in the consumer expenditure area are rising due to an increase in consumer spending. These several sectors include footwear (Camus activewear and other brands), apparel (Westside, Titan, and more), hospitality, and restaurants.

Here are some stocks that you must keep an eye on:

DABUR

EMMAMI&BAJAJ CONSUMER

HUL

COLGATE

BRITANNIA

5) Start Up Culture

In 2016, in India, only 442 start-ups were there. Now, according to the ministry data, the startup number has increased to 99,371. More than 100 unicorns are also in India. The boost in the startup culture in the country has also boosted employment in India.

Here are some stocks that you must keep an eye on:

INFO EDGE

Also Read | Tamil Nadu Attracts Tech Giants: Google to Establish Drone Manufacturing Unit in Chennai

6) Increase Ethanol Production

The BJP government started the Ethanol Blended Petrol (EBP) programme to enhance ethanol production. This programme was launched by the BJP to improve energy security, save foreign money, reduce fuel imports, protect the environment, and support agriculture. Ethanol mixed with gasoline releases fewer greenhouse gases. The Modi government has taken the initiative to implement these effective actions since 2014.

Here are some stocks that you must keep an eye on:

Praj Industries

Triveni Engineering

Balrampur chini

Dalmia Bharat

Uttam Sugar

7) National Logistics Strategy

The National Logistics Strategy was first implemented by the Modi government.  In India, the cost of logistics is 13% of GDP, compared to 8% in developed countries, making it hard for the Indian government to compete in a global sense. A new logistics policy has been implemented by the BJP government, which aims to transform India’s trade by reducing logistics costs and speeding up the movement of India’s goods to match standards by 2030, with major investments in bridges, railways, ports,trains and roads.

Here are some stocks that you must keep an eye on:

Bluedart Express

TCI Express Limited

Delhivery

8)TATA Steel

Tata Steel plans to take advantage of its better financial performance and positive investor sentiments. Its PEG ratio is lower than the industry average, indicating better growth at a good price. It is one of the highest stocks held by foreign institutional investors.

9)Ambuja Cement

Ambuja Cement has turned its sales and profits from negative to positive. The company is also expanding its market, increasing its production capacity, and strengthening its position in the market. You should keep an eye on the stocks of ambuja cement, which can give you bumper returns.

10) Adani Ports and Sez

After the removal of the Hindenburg Research accusation, Adani Ports and Special Economic Zone were able to get a loan of $553 million from DFC for a container terminal project in Sri Lanka. The Adani group is planning to expand its business of ports internationally to compete with China.