Lok Sabha Elections: NTPC, SBI Among Top 5 Stock Picks by Yes Securities

Ahead of next week’s national elections, the domestic stock indices, Nifty 50 and Sensex, experienced a mix of gains and losses on Friday. Despite a modest rise, they recorded their first weekly decline in three weeks. The NSE Nifty 50 closed up 0.2% at 22,531 points, and the S&P BSE Sensex increased by 0.1% to 73,961 points. Both indices saw gains of up to 0.7% earlier in the day but later gave up those gains.

India’s weeks-long election campaign ends today, June 1, with votes being counted on June 4. Investors are keenly watching for the exit poll results.


Market analysts noted that the stock market remained volatile and biased downward throughout the week, anticipating the election results. With voting starting early next week, the market may stay uncertain until the final results are in. Despite strong economic fundamentals, the market’s recent increase might lead to some profit-taking.

Amar Ambani, Executive Director at YES Securities, recommended several stocks to buy ahead of the 18th Lok Sabha election results.

“The market is in a wait-and-watch mode. A clear mandate would boost confidence in India, ensuring policy continuity. We can expect positive FII flows if there’s a clear majority in the election results. After the elections, the Indian economy will continue its growth path, and we expect the capital markets to be strong in the coming year,” said Amar Ambani.

Election Stock Picks: Amar Ambani Recommends These Five Stocks


Current Market Price (CMP): ₹359    

Target Price: ₹419    

Potential Upside: 17%


CMP: ₹830    

Target Price: ₹1,000    

Potential Upside: 20.5%

Texmaco Rail & Engineering Ltd    

CMP: ₹199    

Target Price: ₹250    

Potential Upside: 26%

GMR Airports Infrastructure Ltd    

CMP: ₹85    

Target Price: ₹100    

Potential Upside: 18%

These stocks are recommended for their potential to perform well post-elections, especially if there’s a clear mandate ensuring policy stability and investor confidence.

Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.​​

We will be happy to hear your thoughts

      Leave a reply

      Share Price India News