“Potential Beneficiaries of Government Policies: CLSA Identifies ‘Modi Stocks’ for Investors”

Title: “CLSA Identifies ‘Modi Stocks’ as Potential Beneficiaries of Government Policies”

International brokerage CLSA has identified 54 companies, including several public sector undertakings (PSUs), as direct beneficiaries of the current government’s policies. These companies, dubbed as “Modi stocks,” have seen significant gains based on the likelihood of the BJP returning to power.

According to CLSA, the “Modi stocks” have outperformed the Nifty index and are expected to continue their upward trend, especially if the incumbent government secures a strong majority in the upcoming elections. Some of the highlighted PSUs include L&T, NTPC, NHPC, PFC, ONGC, IGL, and Mahanagar Gas.

The brokerage also pointed out that banking stocks such as HDFC Bank, ICICI Bank, Axis Bank, and IndusInd Bank have growth potential and could see a rise in their stock prices. Additionally, companies like Ashok Leyland, UltraTech, Bajaj Finance, Max Financials, Zomato, and DMart were mentioned as potential beneficiaries of government policies.

In the telecom sector, Bharti Airtel, Indus Towers, and Reliance Industries were highlighted as top picks by CLSA. The brokerage noted that similar patterns were observed in the past two elections, with PSU stocks experiencing gains following the election results.

Investors are advised to keep an eye on these “Modi stocks” and other potential beneficiaries identified by CLSA as they could continue to rise in the coming months. The upcoming elections could have a significant impact on the stock market, and these companies are poised to benefit from the government’s policies and initiatives.

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