Maharashtra Election Result: With the BJP-led NDA all set to form the next state government in Maharashtra, sotck exchange experts are busy guessing possible changes in investors’ investment strategy. They said the possible landslide victory of the NDA government should clear the confusion among the bulls that had erupted after the Lok Sabha election results. They noted that Maharashtra election results are expected to fuel demand for infrastructure, railway and banking stocks as investors may move from a defensive to an aggressive stance. They advised investors to look at the above-mentioned 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 turned defensive and started showing interest in FMCG and pharma stocks. However, after the result of the Maharashtra Assembly elections, they may start looking at railways, infra and banking stocks, changing their investment strategy from defensive to aggressive,” said Mahesh M Ojha, vice-chairman Assistant – Research at Hensex Securities.

On how this change stock market strategy This would impact railway, infra and banking stocks, Avinash Gorakshkar, head of research at Profitmart Securities, said: “While the Maharashtra election results have established that the momentum is still on the government’s side in place (both in New Delhi and Maharashtra). Thus, investors should look towards the railway and infra segment as the Government of India (GoI) and the Maharashtra State Government have paid special attention to the infrastructure segment. With companies in the infra sector reportedly seeking credit lines from banks, banking stocks may also see some buying interest when the market opens on Monday.

Stocks to Buy Monday – November 25

Asked about stocks to buy on Monday after the Maharashtra election results, Mahesh M Ojha of Hensex Securities 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 bet in the medium to long term. Similarly, medium to long term investors can look at stocks of SBI, Canara Bank and Jammu & Kashmir Bank in the banking sector. ICICI Bank and HDFC Bank share if they are looking at the private bank’s share.

In short, after the Maharashtra election results, experts 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 expressed above are those of individual analysts or brokerage firms, and not of Mint. We advise investors to seek advice from certified experts before making any investment decisions.