Ever since Narendra Modi was appointed the PM candidate by the BJP, speculation has been rife that he would come in and change India dramatically. What he has done till now might be debated, but it’s a given that his arrival, and the sweep of the BJP of the elections, has charged the stock markets. With the Nifty nearly touching 9,000, up over 37% since Jan 1, 2014, it’s almost like a Midas touch.
But what if we evaluated his first speech and found the sectors he really liked, and chose stocks in them to buy? Our analysis threw up four sectors:
- Capital Goods
We chose, in hindsight, of course, three stocks in each sector. For Power, we chose PowerGrid, NTPC and Reliance Infra.
For Capital Goods, L&T, Bharat Forge and BHEL.
For Railways, BEML, Texmaco Rail, and Container Corporation.
For Tourism, Cox and Kings, Jet Airways and Indian Hotels. (We thought about […]