SBI and L&T among top stocks to buy ahead of the Lo Sabha polling outcome.
As we enter the fifth phase of elections, the countdown has already begun for the election verdict due on May 23.
What matters the most to the D-Street is growth.
Manifestoes (released earlier) of both national political parties - BJP and Congress - have that aspect covered. Analysts gave a rating of 4 out of 5 to BJP manifesto while a 3 out of 5 to the Congress'.
“We give 4 Points to BJP a clear win according to D-Street. While our view for Congress remains on 3 Points. A progressive economy is always on top of any political party's manifesto, but on the front of maintaining sustainable growth in the long term is clearly triggered by BJP, because in the long run, we need good governance with a full mandate to strictly take decisions on every front,” Manish Yadav, Head of Research, CapitalAim told.
“While Congress is not contesting election for the full mandate. Manifesto of Congress is no doubt economically maintained but on the distribution side, it announced Rs 72,000 yearly (Nyay Yojna) to poor, this will impact the economy in the long run,” he said.
Rajiv Ranjan Singh, CEO stock broking, Karvy, said, “While both parties make a number of promises, implementation is another matter. We will restrict ourselves to rating both of them based on market impact.”
“Promises made by both parties will have to face up to the reality of the fiscal situation. Both parties have made promises to simplify GST, and also to enact policies to help farmers, improve ease of doing business, improve infrastructure, as well as make changes to direct taxes,” said Ranjan.
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