Best Stocks to buy before Election Result 2024.

Maximize Your Profit in the Short and Long Term by Investing in These Sectors for the 2024 Election.

Nifty50 could test levels of 25,000 if Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) wins a third term in the upcoming Lok Sabha elections, global brokerage firm JPMorgan said in a note while suggesting a buy-on-dips strategy.

The brokerage has picked several stocks as its top bets spanning sectors including indigenous defense, waterways, affordable housing, and manufacturing renaissance, among others.

As elections get going, stock markets go through an extended period of elevated volatility, but indices decline sharply after the conclusion of elections, JPMorgan said.

Narendra Modi's Special List of Stocks

Infra Stocks:

• IRB Infrastructure Developers Ltd
• H.G. Infra Engineering Ltd
• NCC
• ITD Cementation India Ltd
• Welspun Enterprises Ltd
• Vishnu Prakash R Punglia Ltd
• Patel Engineering Ltd

Railway Stocks:

• Indian Railway Catering Tourism Corporation Ltd. (IRCTC)
• Bharat Earth Movers Limited
• Titagarh Wagons Limited
• Container Corporation of India Limited (CONCOR)
• Indian Railway Finance Corporation Ltd.
• Rail Vikas Nigam Ltd
• Ircon International

Defence Stocks:

• Hindustan Aeronautics Ltd
• Bharat Electronics Limited (BEL)
• Bharat Dynamics Ltd
• Mazagon Dock Shipbuilders Ltd
• Zen Technologies Ltd
• MTAR Technologies Ltd
• Data Patterns Ltd
• Astra Microwave Products Ltd
• Paras Defence and Space Technologies Ltd
• Cochin Shipyard Ltd

Sugar and Ethanol Stocks:

• Shree Renuka Sugars Ltd
• EID Parry (India) Ltd
• Balrampur Chini
• Triveni Engineering and Industries Ltd
• Bajaj Hindusthan Sugar Ltd.
• Dalmia Bharat Sugar & Industries Ltd
• Bannari Amman Sugars Ltd
• DCM Shriram Industries Ltd
• Dhampur Sugar Mills Ltd
• Dwarikesh Sugar Industries Ltd
• Avadh Sugar & Energy Ltd
• Ugar Sugar Works Ltd
• Praj Industries

EV Stock:

• HBL Power Systems Ltd
• Ecoplast Ltd
• Olectra Greentech Ltd
• Servotech Power Systems Ltd
• JBM Auto Ltd
• Avance Technologies Ltd
• Tata Motors Ltd

Power Stocks:

• NTPC
• Adani Power
• Tata Power
• JSW Energy
• NLC India
• Gujarat Industries Power Co Ltd
• NHPC
• SJVN
• Adani Green Energy
• Borosil Renewables
• Gensol Engineering
• Insolation Energy Ltd 
• KPI Green Energy 

Semiconductor Stocks:

• Tata Investment Corporation Ltd
• CG Power and Industrial Solutions
• Dixon Technologies
• Kaynes Technologies India