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Top Stocks Benefited from Elections 2024
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Introduction
With the upcoming general elections in 2024, there's a lot of excitement and activity in the country. When significant events like elections happen in a country, they can also affect the stock market.
Especially the Lok Sabha Election, are crucial for the country and can influence the stock market in various ways. Changes in the current government can impact the performance of certain company stocks, depending on the new government's announcements.
Investors can take advantage of this situation by investing in stocks to potentially earn good returns. Keeping this in mind, we've selected the top 6 stocks. If the current government gets re-elected, these stocks are likely to perform well. This means investors can make early investments to maximize their profits. So, let's explore these stocks without any delay.
Here are six stocks that could potentially benefit from the 2024 elections:
Kellton Tech Solutions Ltd.
Current Market Price (CMP): ₹103.30
Kellton Tech is an Indian IT company located in Hyderabad. With the upcoming elections, there's potential for good growth in the company. This is because the current government plans to implement the Software Technology Parks of India (STPI) Scheme through STPI.
This scheme is all about developing and exporting computer software and professional services. Kellton Tech could benefit from this scheme, which might lead to an increase in its share prices soon. If you're considering investing in the IT sector, Kellton Tech could be a stock to watch.
Sun Pharmaceutical Industries Limited
Current Market Price (CMP): ₹ 1629.25
The government is thinking about launching a new scheme called the production-linked incentive (PLI) for the pharmaceutical sector. The main aim of this scheme is to increase the production of important chemicals needed to make active pharmaceutical ingredients (APIs).
This Indian pharmaceutical company makes, develops, and sells both branded and generic drugs, as well as active pharmaceutical ingredients (APIs). The company will directly benefit from this scheme, which could lead to good profits for its investors.
Infibeam Avenues Limited
Current Market Price (CMP): ₹ 36.05
During the interim budget, the finance minister suggested allocating dedicated funds to the fintech sector. The government plans to allocate Rs 1 lakh crore ($12 billion) for providing 50-year interest-free loans to promote tech-driven growth, encourage innovation, and potentially increase competition in lending.
This initiative is expected to significantly boost the fintech industry in India. Infibeam, a company that offers digital payment solutions and enterprise software solutions, provides payment options in international currencies. If the current government is re-elected after the election, this company could see a significant increase in its share price.
Aarti Industries Limited
Current Market Price (CMP): ₹ 686.30
Aarti Industries specializes in manufacturing speciality chemicals and pharmaceuticals, and with the current government's focus on the chemical sector, the chances of growth for this company are high. Investors looking for profitable opportunities post-election can consider adding this stock to their portfolio.
The stock has shown good gains over the past year, and if the current government is re-elected, the chemical manufacturing sector is expected to experience growth. This could lead to a surge in the shares related to chemical manufacturing.
Amara Raja Energy & Mobility Ltd
Current Market Price (CMP): ₹ 795.00
Amara Raja Batteries, now known as Amara Raja Energy & Mobility, manufactures lead-acid batteries for industrial and automotive purposes in India's battery storage industry. The company has a wide retail network across India, and it is also involved in the telecom sector, providing various services. After the election, the company's shares may experience an upward trend.
The central government has approved projects worth crores under the PLI scheme for manufacturing advanced chemistry cell (ACC) batteries. This project has benefited the company and positively impacted its share prices.
GMR Airports Infrastructure
Current Market Price (CMP): ₹ 83.55
The company runs integrated airport platforms and owns a range of airport assets, including major national and international airports. With the current government launching various schemes to boost India's aviation sector, the shares of aviation companies are expected to be directly affected. GMR Airports is likely to experience a surge in its share price after the election.
Investors interested in investing in the aviation sector can consider choosing this stock. It could prove to be a good investment for them to make profits in the future.
Detailed chart of the top six stocks that could potentially benefit from the 2024 elections
|
Share Name |
CMP (Rs) |
P/E Ratio |
Market Cap. (Rs. cr.) |
|
Kellton Tech Solutions Ltd |
₹103.30 |
- |
1,006 |
|
Sun Pharmaceutical Industries Limited |
₹ 1629.25 |
43.66 |
3,88,812 |
|
Infibeam Avenues Limited |
₹ 36.05 |
64.38 |
10,029 |
|
Aarti Industries Limited |
₹ 686.30 |
57.38 |
24,878 |
|
Amara Raja Energy & Mobility Ltd |
₹ 795.00 |
17.91 |
14,550 |
|
GMR Airports Infrastructure |
₹ 83.55 |
- |
50,430 |
Our experts have identified these top stock picks for investment before the elections. These stocks are expected to experience a surge post-election if the current government remains in power.
However, it's important for investors to conduct their own research before investing to achieve optimal results. Additionally, if you're planning to invest in these shares, consider investing for the mid to long-term to reap good outcomes.
Disclaimer: This Stock Analysis is only for informational purposes and should not be considered as investment advice. Always do your research and consult with a financial advisor.
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