As the results of the 18th Lok Sabha elections approach, Amar Ambani, Executive Director of YES Securities, has recommended several stocks to consider for your portfolio. These stocks, with potential returns of up to 26%, include NTPC, Texmaco Rail & Engineering (Texrail), SBI, and Bharti Airtel.
“The market is currently in a wait-and-watch mode. A clear mandate would boost confidence in India, ensuring policy stability. With a clear majority, we can expect positive foreign institutional investor (FII) flows. Once the elections are over, we believe the Indian economy will continue to grow, and the capital markets will remain strong in the coming year,” said Amar Ambani.
Stock Recommendations and Potential Returns:
- NTPC
- Current Price: Rs 359
- Target Price: Rs 419
- Upside Potential: 17%
- Texmaco Rail & Engineering (Texrail)
- Current Price: Rs 830
- Target Price: Rs 1000
- Upside Potential: 20.5%
- SBI
- Current Price: Rs 1372
- Target Price: Rs 1680
- Upside Potential: 22%
- Bharti Airtel
- Current Price: Rs 199
- Target Price: Rs 250
- Upside Potential: 26%
- GMR Airports Infrastructure
- Current Price: Rs 85
- Target Price: Rs 100
- Upside Potential: 18%
These stocks are expected to perform well as the Indian economy continues to grow post-election, making them good additions to your investment portfolio.
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