Sunday, June 23, 2024

These 13 Stocks Turned Rs 1 Lakh into Up to Rs 8 Crore in Modi 2.0: Analysts Suggest Stocks for Modi 3.0

Prime Minister Narendra Modi’s second term has seen tremendous gains in the Indian stock market, with many stocks posting impressive returns. According to a Business Today report, at least 13 stocks rose more than 10,000% during this period. The biggest gainer on the list was Diamond Power Infrastructure, which posted a profit of 84,604% and turned an investment of Rs 1 lakh into Rs 8.47 crore. Other notable beneficiaries include Wari Renewable Technologies, Hazoor Multi Projects, Orchid Pharma, Pravesh, Patanjali Foods, Dolphin Offshore Enterprises (India), WS Industries (India), SG Finserv, Remedium Lifecare, Rajneesh Retail, Lloyds Engineering Works and J Taparia Project, with gains ranging from 10,000% to 29,000%.

Modi 2.0 and the Performance of the Indian Stock Market

During Modi’s second term, the benchmark equity index BSE Sensex rose 86% in the last five years till May. The BSE midcap and BSE small-cap indices also rose sharply, with gains of 185% and 216% respectively over the same period.

Analysts’ Suggestions for Modi 3.0

With the NDA (National Democratic Alliance) winning the exit polls, analysts suggested stocks that could benefit from a focus on government formation, capital spending and infrastructure. Motilal Oswal Financial Services has identified eight stocks that it believes will benefit from the government’s monetary policy. These banks include State Bank of India (SBI), Larsen & Toubro, BEL, GAIL, NHPC, RVNL, NMDC and HUDCO, which are set to grow by 20%.

Samco Securities argues that sectors like railways, defense, industrial and infrastructure should be on investors’ radar, as the BJP-led government has focused on capital expenditure during its tenure in the past.

Other researchers offered their suggestions. Yes Securities Executive Director Amar Ambani is bullish on NTPC, SBI, Bharti Airtel, Texmaco Railway & Engineering and GMR Airport Infrastructure. Suman Banerjee, CIO at Hedonova, advises caution in the short term and suggests a medium-term strategic plan focused on portfolios and quality investments.


Many stocks offered impressive gains during Modi’s second term, with some gaining more than 10,000%. With the NDA winning the exit polls, analysts are suggesting stocks that could benefit from a focus on government formation, capital spending and infrastructure building. Investors are advised to consult with their investment advisers before making investment decisions.


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