Identifying the right sector at the right time can be challenging since the market is cyclical and follows trends most of the time. It is essential to know where to invest; since Lok Sabha Elections 2024 is around the corner, one can expect significant changes in the stock prices of the companies
Top 3 Sectors Expected To Make Profit
1. Defense
The Indian government is dedicating a lot of funds to improving the country’s defence capabilities. This includes modernizing equipment, enhancing infrastructure, and strengthening security measures. India is ranked 4th in the world for the most potent military,
This indicates India’s commitment to defence preparedness. They invest in defence sector stock because the government will never continue prioritizing national security and defence spending. Companies involved in the defence sector can benefit from it. Some of the best-performing defence companies are
- Hindustan Aeronautics Ltd.
- Bharat Dyanmaics Ltd.
- Data Patterns (india) Ltd.
- Astra Micorwave Products Ltd.
- Paras Defence and Space technologies Ltd.
2. Infrastructure
The government’s emphasis on infrastructure development is evident through increased spending on roads, bridges, railways, and airports. Connectivity and infrastructure are all vital elements of a country’s growth; they improve trade, productivity, etc.
Initiatives like Bharatmala aim to improve transportation infrastructure, which creates opportunities for companies in the construction and transportation sectors. Investors can target companies in infrastructure construction, engineering and development. The list of stocks are
- L&T
- Ashok Leyland
- Action Construction
- PNC Infratech
- Dilip Buildcon
3. Power And Renewable Energy
India’s power is a country with high electricity consumption, and its demand for more electricity is growing daily. Concerned about this, the government have decided to promote green energy like solar, polar and wind energy to reduce reliance on fossil fuels.
Companies engaged in renewable energy generation, transmission, and distribution are poised for growth due to government incentives and policies. Initiatives like the PM Suryodaya Yojana aim to increase access to clean energy, creating opportunities in the solar power sector. List of stocks that can benefit from Elections
- NTPC Ltd.
- Adani Green Energy Ltd.
- Power grid corporation of India Ltd.
- Adani Power Ltd.
- Tata Power Company Ltd.
- Torrent Power Ltd.
