Dabur, M&M among 5 stocks to gain from govt's rural focus, says Nomura

Nomura has kept the December 2018 target for the S&P BSE Sensex unchanged at 11,380 levels from their earlier forecast.

Global brokerage and research house, Nomura, expects the general elections to be held as per schedule in 2019. The government, it says, is likely to focus on rural and agricultural economy in the run-up to the event and highlights five stocks that are likely to gain in this backdrop.

“We expect the Lok Sabha elections will be held in May 2019, as scheduled. We don’t expect early elections. The government will endeavour to implement the schemes and showcase the success to the electorate, in our view,” point out Saion Mukherjee, Neelotpal Sahu and Sanjay Kadam of Nomura in a co-authored