The below table shows Stocks to Watch if BJP Wins 2024 Lok Sabha Elections based on the Highest Market Capitalization.
| Name | Market Cap (Cr) | Close Price (Rs) |
| ICICI Bank ltd | 794603.71 | 1130.5 |
| State Bank of India | 729899.39 | 817.85 |
| Maruti Suzuki India Ltd | 397452.01 | 12641.5 |
| NTPC ltd | 354364.66 | 365.45 |
| Axis Bank ltd | 352467.24 | 1141.35 |
| Oil and Natural Gas Corporation Ltd | 349039.85 | 277.45 |
| Hindustan Aeronautics Ltd | 303068.77 | 4531.7 |
| Mahindra and Mahindra Ltd | 301241.15 | 2514.6 |
| Bharat Electronics Ltd | 181428.71 | 248.2 |
| Canara Bank ltd | 103224.01 | 113.8 |
| NHPC ltd | 99696.97 | 99.25 |
Content:
- Top Sectors to Benefit from BJP Win 2024
- Best Stocks to Benefit from a BJP Win
- Introduction to Stocks to Benefit from a BJP Win
- Sectors to Watch if BJP Wins 2024 – Quick Summary
- Stocks to Benefit from a BJP win – FAQ
Best Stocks to Benefit from a BJP Win
The table below shows the Best Stocks to Benefit from a BJP Win based on 1 Year Return.
| Name | Close Price (rs) | 1Y Return (%) |
| Hindustan Aeronautics Ltd | 4531.7 | 189.21 |
| Bharat Electronics Ltd | 248.2 | 129.28 |
| NHPC ltd | 99.25 | 124.04 |
| NTPC ltd | 365.45 | 107.64 |
| Mahindra and Mahindra Ltd | 2514.6 | 99.08 |
| Canara Bank ltd | 113.8 | 87.97 |
| Oil and Natural Gas Corporation Ltd | 277.45 | 65.89 |
| State Bank of India | 817.85 | 39.49 |
| Maruti Suzuki India Ltd | 12641.5 | 38.62 |
| Axis Bank ltd | 1141.35 | 24.76 |
| ICICI Bank ltd | 1130.5 | 20.35 |
How to invest in top Stocks that benefit from the BJP government?
To invest in top stocks that benefit from the BJP government, consider sectors like infrastructure, defense, and financial services. Research companies aligned with the government’s policies and initiatives. Consult with a reliable broker like Alice Blue to create a well-diversified portfolio tailored to your investment goals.
The BJP government’s focus on infrastructure development, such as roads, railways, and smart cities, presents opportunities for companies in construction, engineering, and related industries. Additionally, the government’s emphasis on domestic manufacturing and defense modernization could benefit companies in those sectors.
However, it’s essential to conduct thorough research and analysis before investing. Factors like company fundamentals, market conditions, and regulatory changes should be considered. Alive Blue’s experienced advisors can provide valuable insights and help you navigate the market to make informed investment decisions.
Introduction to Stocks to Benefit from a BJP Win
ICICI Bank ltd
The Market Cap of ICICI Bank Ltd is ₹7,94,603.71 crore. The stock has delivered a monthly return of 5.12% and an annual return of 20.35%. It is currently 3.45% below its 52-week high.
ICICI Bank Limited, an India-based banking company, offers a comprehensive range of banking and financial services, including commercial banking and treasury operations. The Bank operates in six segments: Retail banking, Wholesale banking, Treasury, Other banking, Life insurance, and Others. These segments encompass various products, services, and subsidiaries catering to different customer needs and market segments.
The Bank’s geographical presence is divided into Domestic and Foreign operations. ICICI Bank UK PLC and ICICI Bank Canada are the Bank’s banking subsidiaries, while ICICI Prudential Life Insurance Company Limited represents the life insurance segment. ICICI Home Finance Company Limited and ICICI Venture Funds Management Company Limited, among others, fall under the Others segment.
State Bank of India
The Market Cap of the State Bank of India is ₹7,29,899.39 crore. The stock has achieved a monthly return of 7.86% and an annual return of 39.49%. It is currently 2.67% below its 52-week high.
State Bank of India, an India-based banking and financial services provider, offers a wide range of products and services to various customer segments, including individuals, commercial enterprises, corporates, public bodies, and institutional customers. The Company’s operations are divided into several segments, such as Treasury, Corporate/Wholesale Banking, Retail Banking, Insurance Business, and Other Banking Business.
The Treasury segment focuses on managing the investment portfolio and engaging in foreign exchange and derivative contracts trading. The Corporate/Wholesale Banking segment handles lending activities for corporate accounts, commercial clients, and stressed assets resolution, including loans and transaction services for corporate and institutional clients, as well as non-treasury operations of foreign offices/entities. The Retail Banking Segment deals with personal banking activities and lending to corporate customers through its branches.
Maruti Suzuki India Ltd
The Market Cap of Maruti Suzuki India Ltd is ₹3,97,452.01 crore. The stock has recorded a monthly return of -0.57% and an annual return of 38.62%. It is currently 3.42% below its 52-week high.
Maruti Suzuki India Limited is a leading automobile manufacturer that focuses on producing and selling passenger and commercial vehicles, along with components and spare parts. The company offers aftermarket parts and accessories under the brand names Maruti Suzuki Genuine Parts and Maruti Suzuki Genuine Accessories.
In addition to its core manufacturing business, Maruti Suzuki facilitates pre-owned car sales, fleet management, and car financing. The company’s vehicles are sold through three channels: NEXA, Arena, and Commercial, each offering a diverse range of models catering to different customer segments and preferences.
NTPC ltd
The Market Cap of NTPC Ltd is ₹3,54,364.66 crore. The stock has posted a monthly return of 0.31% and an annual return of 107.64%. It is currently 4.09% below its 52-week high.
NTPC Limited, an India-based power-generating company, primarily focuses on generating and selling bulk power to State Power Utilities. The company operates 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.
The company’s Other segment provides consultancy, project management, supervision, energy trading, oil & gas exploration, and coal mining services. NTPC operates 89 power stations across various Indian states, either independently or through joint ventures and subsidiaries, including NTPC Vidyut Vyapar Nigam Limited and NTPC Electric Supply Company Limited.
Axis Bank ltd
The Market Cap of Axis Bank Ltd is ₹3,52,467.24 crore. The stock has achieved a monthly return of 8.55% and an annual return of 24.76%. It is currently 3.64% below its 52-week high.
Axis Bank Limited, an India-based company, offers a wide range of banking and financial services through its various segments, including Treasury, Retail Banking, Corporate/Wholesale Banking, and Other Banking Business. The Treasury segment focuses on investments, trading operations, and foreign exchange services for both the bank and its customers.
The Retail Banking segment provides a variety of products and services, such as liability products, card services, online and mobile banking, ATM services, and financial advisory services. The Corporate/Wholesale Banking segment caters to corporate clients, offering services like corporate advisory, placements, syndication, project appraisals, and cash management. The Other Banking Business segment includes para-banking activities and third-party product distribution.
Oil and Natural Gas Corporation Ltd
The Market Cap of Oil and Natural Gas Corporation Ltd is ₹3,49,039.85 crore. The stock has recorded a monthly return of -2.95% and an annual return of 65.89%. It is currently 5.59% below its 52-week high.
Oil and Natural Gas Corporation Limited, an India-based company, operates in the crude oil and natural gas sector. The company’s business segments include Exploration and Production, and Refining and Marketing. It explores, develops, and produces crude oil, natural gas, and value-added products in India and abroad.
ONGC’s diverse portfolio includes downstream operations such as refining and marketing of petroleum products, petrochemicals, power generation, LNG supply, pipeline transportation, SEZ development, and helicopter services. The company has several subsidiaries, including Mangalore Refinery and Petrochemicals Limited, Hindustan Petroleum Corporation Limited, ONGC Videsh Limited, Petronet MHB Limited, and HPCL Biofuels Limited.
Hindustan Aeronautics Ltd
The Market Cap of Hindustan Aeronautics Ltd is ₹3,03,068.77 crore. The stock has posted a monthly return of 22.63% and an annual return of 189.21%. It is currently 2.96% below its 52-week high.
Hindustan Aeronautics Limited (HAL) is an Indian company that specializes in the design, development, manufacture, repair, overhaul, upgrade, and servicing of a wide range of aerospace products. These include aircraft like HAWK, LCA, SU-30 MKI, IJT, DORNIER, and HTT-40, as well as helicopters such as Dhruv, Cheetah, Chetak, Lancer, Cheetal, Rudra, LCH, and LUH.
HAL also produces avionics products, including inertial navigation systems, auto stabilizers, head-up displays, laser range systems, flight data recorders, communication equipment, radio navigation equipment, airborne secondary radars, missile inertial navigation, radar computers, and ground radars. Additionally, the company offers services such as aircraft MRO, helicopter MRO, power plant services, and systems, accessories, and avionics support.
Mahindra and Mahindra Ltd
The Market Cap of Mahindra and Mahindra Ltd is ₹3,01,241.15 crore. The stock has achieved a monthly return of 15.67% and an annual return of 99.08%. It is currently 1.72% below its 52-week high.
Mahindra and Mahindra Limited, an Indian conglomerate, operates in various sectors, including automotive, farm equipment, financial services, and industrial businesses. The company’s automotive segment offers a wide range of vehicles, such as SUVs, pickups, commercial vehicles, electric vehicles, and two-wheelers, along with related services and spare parts.
The company’s farm equipment segment provides tractors, implements, and associated services. Mahindra and Mahindra also cater to diverse industries, including aerospace, agribusiness, construction equipment, defense, hospitality, insurance broking, logistics, power backup, retail, steel, real estate, and infrastructure, offering tailored solutions and products.
Bharat Electronics Ltd
The Market Cap of Bharat Electronics Ltd is ₹1,81,428.71 crore. The stock has posted a monthly return of 1.00% and an annual return of 129.28%. It is currently 0.58% below its 52-week high.
Bharat Electronics Limited, an Indian company, specializes in manufacturing and supplying electronic equipment and systems for the defense sector. Its products include navigation systems, defense communication products, land-based radars, naval systems, electronic warfare systems, avionics, electro-optics, tank & armored fighting vehicle electronic systems, weapon systems, and simulators.
The company also caters to non-defense markets, offering cyber security, e-mobility, railways, e-governance systems, homeland security, civilian radars, turnkey projects, components/devices, and telecom/broadcast systems. Additionally, it provides electronic manufacturing services and designs and manufactures optical and optoelectronic products and components operating in the UV, Visible, and IR spectrum.
Canara Bank ltd
The Market Cap of Canara Bank Ltd is ₹1,03,224.01 crore. The stock has recorded a monthly return of -3.35% and an annual return of 87.97%. It is currently 11.23% below its 52-week high.
Canara Bank Limited, an India-based bank, operates in various segments, including 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, catering to the diverse needs of its customers.
Personal banking offerings include depository services, mutual funds, ancillary services, technology products, retail loan products, and card services. The bank also extends credit facilities to micro, small, and medium enterprises. Corporate banking services comprise accounts and deposits, supply chain finance management, syndication services, and technology upgradation fund schemes.
NHPC ltd
The Market Cap of NHPC Ltd is ₹99,696.97 crore. The stock has posted a monthly return of 7.15% and an annual return of 124.04%. It is currently 16.73% below its 52-week high.
NHPC Limited, an Indian company, primarily focuses on generating and selling bulk power to various utilities. The company is also involved in project management, construction contracts, consultancy services, and power trading. NHPC is currently constructing eight hydropower projects with a total capacity of approximately 6434 MW.
NHPC operates several power stations across India, including Salal, Dulhasti, Kishanganga, and others. The company’s consultancy services encompass various aspects of hydropower projects, from survey and investigation to operation and maintenance. NHPC has four subsidiaries: Loktak Downstream Hydroelectric Corporation Limited, Bundelkhand Saur Urja Limited, Jalpower Corporation Limited, and Chenab Valley Power Projects Private Limited.
Stocks to Watch if BJP Wins 2024 – Quick Summary
- Major banks and infrastructure companies like ICICI Bank, SBI, Maruti Suzuki, NTPC, and Axis Bank are likely to benefit from a BJP win. These stocks could gain from the party’s pro-business policies and focus on boosting infrastructure development.
- Investing in stocks benefiting from BJP policies involves sectors like infrastructure, defense, and financial services. Research aligned companies and consult with Alice Blue for a diversified portfolio. Consider government initiatives, company fundamentals, and market conditions before investing. Seek advice from experienced advisors.
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Stocks to Benefit from a BJP win – FAQ
Best Stocks to benefit from a BJP win #1: ICICI Bank Ltd
Best Stocks to benefit from a BJP win #2: State Bank of India
Best Stocks to benefit from a BJP win #3: Maruti Suzuki India Ltd
Best Stocks to benefit from a BJP win #4: NTPC Ltd
Best Stocks to benefit from a BJP win #5: Axis Bank Ltd
The Best Stocks to benefit from a BJP win based on market capitalization.
The best stocks to benefit from a BJP win typically include major banks and infrastructure-related companies such as ICICI Bank Ltd, State Bank of India, Maruti Suzuki India Ltd, NTPC Ltd, and Axis Bank Ltd. These firms are likely to gain from pro-business policies and infrastructure boosts under BJP rule.
After the 2024 elections, stocks that may boom depending on the winning party’s policies include ICICI Bank Ltd, State Bank of India, Maruti Suzuki India Ltd, NTPC Ltd, and Axis Bank Ltd. These companies are well-positioned to benefit from potential economic reforms and infrastructure development initiatives.
“Modi stocks” often refer to companies likely to benefit from policies under Prime Minister Narendra Modi’s government. From the previously mentioned list, these could include ICICI Bank Ltd, State Bank of India, Maruti Suzuki India Ltd, NTPC Ltd, and Axis Bank Ltd, as they are poised to gain from initiatives in economic reform and infrastructure development.
The best government stocks typically include major public sector undertakings (PSUs) known for their stability and regular dividends. Prominent examples are the State Bank of India and NTPC Ltd, which benefit from strong government backing, substantial market presence, and critical roles in India’s financial and energy sectors, respectively.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
