The Indian stock market has been on a record-breaking spree in July, driven by optimism about a growth-oriented Union Budget, expectations of healthy April-June quarter earnings for fiscal 2024-25 (Q1FY25) by Indian corporates, and the steady progress of the monsoon. In the previous session, the 30-share benchmark hit its fresh […]
Modi stocks
People are curious about how this liberal, democratic party has gained prominence and how it’s spilling over its winning impact on select Indian stocks. If you remember, we wrote to you about ‘Modi stocks’ recently and their stellar show just before the election results. Now, with the elections done and […]
Global brokerage firm CLSA has revised its India portfolio in response to the Lok Sabha election results. The firm, which recently listed 54 stocks as “Modi stocks,” has now limited its exposure to this category to only ONGC and Reliance Industries, as these have re-rated by less than 15% in […]