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Budget 2024: Stocks to BUY Ahead of the Elections

Chola Securities Recommends Stocks for Investment

As the stock market reaches an all-time high due to positive Exit Poll projections and the potential return of Prime Minister Narendra Modi, domestic brokerage firm Chola Securities has released a list of recommended stocks to consider ahead of the upcoming Budget 2024.

Third Term for Prime Minister Modi

Prime Minister Modi's expected third consecutive term has generated optimism among investors. Exit polls suggest a resounding victory for his party, sparking anticipation of significant structural reforms.

Sharekhan's Expectations

Brokerage firm Sharekhan predicts a substantial wave of reforms under Modi's third term. These reforms are anticipated to be crucial for driving economic growth and market performance.

Chola Securities' Recommendations

Chola Securities has identified several stocks that it believes are well-positioned for the expected positive economic environment post-Budget 2024:

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Infrastructure-related companies

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Consumer discretionary stocks

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Financials

Smart Initiatives by Prime Minister Modi

Prime Minister Modi's recent launch of three flagship infrastructure schemes, Smart. Connect, and Maintenance, further supports the positive outlook for these sectors.

Additional Considerations

Investors are advised to carefully consider their investment strategies and consult with financial advisors before making investment decisions.

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