Major banks and infrastructure companies such as ICICI Bank, SBI, Maruti Suzuki, NTPC, and Axis Bank are set to benefit from a BJP win. These stocks could see gains due to the party’s pro-business policies and emphasis on enhancing infrastructure development. Here are 7 stocks to watch out for if BJP manages to win for a third time in Lok Sabha Elections.
1. NHPC Ltd
NHPC Ltd, with a market cap of ₹99,696.97 crore, has posted a monthly return of 7.15% and an annual return of 124.04%, currently trading 16.73% below its 52-week high. This Indian company focuses on generating and selling bulk power, project management, construction contracts, consultancy services, and power trading. NHPC is constructing eight hydropower projects with a total capacity of about 6434 MW and operates power stations like Salal, Dulhasti, and Kishanganga. The company offers comprehensive consultancy services for hydropower projects and has four subsidiaries: Loktak Downstream Hydroelectric Corporation Limited, Bundelkhand Saur Urja Limited, Jalpower Corporation Limited, and Chenab Valley Power Projects Private Limited.
2. Canara Bank Ltd
Canara Bank Ltd, with a market cap of ₹1,03,224.01 crore, has recorded a monthly return of -3.35% and an annual return of 87.97%, currently trading 11.23% below its 52-week high. As an India-based bank, it operates in segments like Treasury, Retail Banking, Wholesale Banking, Life Insurance, and Other Banking Operations. The bank offers a wide range of personal and corporate banking products and services, including depository services, mutual funds, retail loans, card services, and credit facilities for MSMEs. Corporate banking services include accounts and deposits, supply chain finance management, syndication services, and technology upgradation fund schemes.
3. Bharat Electronics Ltd
Bharat Electronics Ltd, with a market cap of ₹1,81,428.71 crore, has posted a monthly return of 1.00% and an annual return of 129.28%, currently trading 0.58% below its 52-week high. The Indian company specializes in manufacturing and supplying electronic equipment and systems for the defense sector, including navigation systems, defense communication products, land-based radars, naval systems, electronic warfare systems, avionics, and more. It also serves non-defense markets with products and services in cyber security, e-mobility, railways, e-governance, homeland security, and telecom systems. Additionally, Bharat Electronics provides electronic manufacturing services and designs optical and optoelectronic products for various applications.
4. Mahindra And Mahindra Ltd
Mahindra and Mahindra Ltd, with a market cap of ₹3,01,241.15 crore, has achieved a monthly return of 15.67% and an annual return of 99.08%, currently trading 1.72% below its 52-week high. This Indian conglomerate operates in sectors such as automotive, farm equipment, financial services, and industrial businesses. Its automotive segment includes SUVs, pickups, commercial vehicles, electric vehicles, two-wheelers, and related services and spare parts. The farm equipment segment offers tractors and implements. Mahindra and Mahindra also serve industries like aerospace, agribusiness, construction equipment, defense, hospitality, insurance broking, logistics, power backup, retail, steel, real estate, and infrastructure, providing tailored solutions and products.
5. Hindustan Aeronautics Ltd
Hindustan Aeronautics Ltd, with a market cap of ₹3,03,068.77 crore, has posted a monthly return of 22.63% and an annual return of 189.21%, currently trading 2.96% below its 52-week high. The Indian company specializes in the design, development, manufacture, repair, overhaul, upgrade, and servicing of various aerospace products, including aircraft like HAWK, LCA, SU-30 MKI, and helicopters such as Dhruv and Rudra. HAL also produces avionics products, including inertial navigation systems, head-up displays, and communication equipment, and offers MRO services for aircraft and helicopters, power plant services, and support for systems, accessories, and avionics.
6. Oil And Natural Gas Corporation Ltd
Oil and Natural Gas Corporation Ltd, with a market cap of ₹3,49,039.85 crore, has recorded a monthly return of -2.95% and an annual return of 65.89%, currently trading 5.59% below its 52-week high. The India-based company operates in the crude oil and natural gas sector, with business segments including Exploration and Production, and Refining and Marketing. ONGC explores, develops, and produces crude oil, natural gas, and value-added products domestically and internationally. Its portfolio includes downstream operations like refining and marketing of petroleum products, petrochemicals, power generation, LNG supply, pipeline transportation, SEZ development, and helicopter services. The company’s subsidiaries include Mangalore Refinery and Petrochemicals Limited, Hindustan Petroleum Corporation Limited, ONGC Videsh Limited, Petronet MHB Limited, and HPCL Biofuels Limited.
7. NTPC Ltd
NTPC Ltd, with a market cap of ₹3,54,364.66 crore, has posted a monthly return of 0.31% and an annual return of 107.64%, currently trading 4.09% below its 52-week high. The India-based power-generating company primarily focuses on generating and selling bulk power to State Power Utilities, operating through two segments: Generation and Others. Under the Generation segment, NTPC is engaged in the generation and sale of bulk power to state power utilities, while its Other segment provides various services including consultancy, project management, energy trading, and coal mining. NTPC operates 89 power stations across India, independently or through joint ventures and subsidiaries, including NTPC Vidyut Vyapar Nigam Limited and NTPC Electric Supply Company Limited.