Stocks to buy after Lok Sabha Elections Results 2024: 5 stocks with up to 23.2% upside potential (2024)

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    Stocks to buy after Lok Sabha Elections Results 2024: 5 stocks with up to 23.2% upside potential (3)

    A mid near-term market uncertainties, investors can consider stable stocks to mitigate volatility.

    Synopsis

    While the 4 June crash eroded investor wealth, it may have eased stretched valuations. Experts believe the BJP-NDA government’s economic agenda will largely remain unchanged, though some priorities will be adjusted. Even before the election-induced jolts, the markets had been witnessing volatility. To counter the near-term shocks, invest in companies that have shown stability in the past.

    The unexpected election results saw the Indian equity markets suffer extreme volatility in the first two trading days of June. In anticipation of a thumping majority by the ruling BJP, the market saw a 3% gain on 3 June. On 4 June, the Nifty 50 index witnessed its largest single-day drop in four years.The substantial selling pressure, prompted by the BJP’s failure to secure a Lok Sabha majority, caused the index to plummet by 5.93% from its

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    ET Bureau

    14 mins read

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    Stocks to buy after Lok Sabha Elections Results 2024: 5 stocks with up to 23.2% upside potential (4)

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    Stocks to buy after Lok Sabha Elections Results 2024: 5 stocks with up to 23.2% upside potential (5)Stocks to buy after Lok Sabha Elections Results 2024: 5 stocks with up to 23.2% upside potential (6)

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