Since June 4th, the national market has been thriving on a strong foundation. The formation of a stable government and high expectations for the upcoming budget have been key drivers for this rally. Optimism may have grown further when the final budget date was extended to July 22nd, allowing for […]
Defence
Bharat Forge Ltd shares have doubled over the past one year, beating the Nifty Auto index’s 70% returns. The product portfolio of India’s largest exporter of auto components is immune to technological changes – a factor that could have aided the stock’s outperformance. Whether vehicles use traditional fuels, lithium-ion batteries […]
Reconsidering its earlier portfolio in light of the unexpected election results, brokerage house Prabhudas Lilladher believes portfolio allocations and future policies of NDA government will be a key determinant of market movements. Severe jolt to BJP in Uttar Pradesh (new PDA social engineering), Maharashtra (fractured parties) and West Bengal will […]