• 08/08/2022 10:48 pm

#Experts pick 20 stocks which may benefit from PM Modi’s push for optical fibre, infra, cyber security

According to Prashanth Tapse, Surya Roshni, APL Apollo Tubes, Jindal Saw may benefit. Read on to find out which stocks other experts picked

Prime Minister Narendra Modi-lead government’s big initiatives, since 2014, including Make in India, Digital India, Vocal to Local and Make for World are going to be a gamechanger for the country in coming years, experts said adding that the initiatives will attract more global companies setting the country on the path of becoming an economic superpower.

“Government’s push (Atmanirbhar Bharat) is an excellent long-term opportunity and we believe this can make a big difference in building the ‘New India’ and put it among other global economics post-COVID,” Prashanth Tapse, AVP Research at Mehta Equities told Moneycontrol.

The government already announced several measures including a cut in corporate tax, tax incentives for setting up manufacturing hubs for local as well as global players. In addition, Prime Minister Narendra Modi, in his 74th Independence Day speech, announced additional projects: connect six lakh villages via optical fibre in next 1,000 days, Cyber Security Policy, over Rs 110 lakh crore for National Infra Pipeline-Jal Jeevan Mission etc.

hese projects are going to boost the economy, create job opportunities as well as investment opportunities, experts feel.

According to them, 20 stocks benefit from these initiatives (announced on Independence Day) including L&T, Sterlite Technologies, Jindal Saw, KNR Construction, HDFC Bank, Ratnamani Metals and JK Cement. They advised investing in these stocks with medium to long-term view.

9:30 Live

Leave a Reply

Your email address will not be published.