BJP Sankalp Patra: Enough powder to ignite stocks, if investors are patient

Since most proposals will have a long gestation period, the full benefits will be reflected in the revenues of companies, and subsequently the stock prices over time

Stocks in the automotive, financial, cement, metal, and hotel sectors are likely to benefit if the Narendra Modi-led Bharatiya Janata Party (BJP) comes back to power for a third time. The key investment themes have been identified after analysing the Sankalp Patra — the party’s manifesto for the next five years — released on Sunday.

PhillipCapital believes that the push for affordable housing will be positive for state-owned Housing and Urban Development Corporation, major steel and cement companies, and also non-banking financial companies operating in the affordable housing space.

Meanwhile, tourism-related measures will benefit major listed hotels, aviation stocks, and