Maharashtra Election Result: RVNL, IRFC, LT to SBI – Experts recommend buying these 10 stocks on Monday. This is why

Maharashtra Election Result: With the BJP-led NDA all set to form the next government in the state of Maharashtra, stock market experts are busy guessing the possible changes in investors’ investment strategy. They said the possible landslide victory of the NDA government is expected to clear the bull confusion that had erupted after the Lok Sabha election results. They noticed that Maharashtra Election Results are expected to boost demand for infrastructure, rail and banking stocks as investors may shift their stance from defensive to aggressive. They advised investors to look at the above segments from a medium to long-term perspective.

Maharashtra Election Result: Impact on Indian Stock Market

“After the Lok Sabha election results, Indian stock market investors went defensive and started looking at FMCG and pharmaceutical stocks. However, after the Maharashtra Assembly election results, they may start looking at railway, infrastructure and banking stocks and change their investment strategy from defensive to aggressive,” said Mahesh M Ojha, AVP – Research at Hensex Securities.

About how this changes stock market strategy Would have an impact on railway, infrastructure and banking stocks, Avinash Gorakshkar, head of research at Profitmart Securities said: “As the election results in Maharashtra have shown that the momentum is still with the incumbent government (both in New Delhi and Maharashtra) . So, it is expected that investors will look at the rail and infrastructure segment as the Government of India (GoI) and the State Government of Maharashtra have paid special attention to the infrastructure segment. As infrastructure sector companies would apply for credit lines from banks, bank stocks may also see some buying interest when the market opens on Monday.”

Stocks to buy on Monday – November 25

When Mahesh M Ojha of Hensex Securities was asked about the stocks to buy on Monday after the election results in Maharashtra, he said, “In the railway segment, one can look at RVNL, IRFC, Railtel and IRCON International. In the infrastructure segment, Larsen & Turbo ( LT) can be a good choice for the medium to long term. Similarly, for the medium to long term, investors can look at the stocks of SBI, Canara Bank and Jammu & Kashmir Bank in the banking sector can look at the stocks of SBI. ICICI Bank and HDFC Bank when looking at the private bank share.”

In short, after the Maharashtra election results, experts have recommended buying these ten stocks: RVNL, IRFC, Railtel, IRCON International, SBI, Canara Bank, Jammu & Kashmir Bank, ICICI Bank and HDFC Bank.

Disclaimer: The views and recommendations made above are those of individual analysts or brokerage firms, and not of Mint. We advise investors to contact certified experts before making investment decisions.