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Nirav Karkera says: “If you want to play on stocks which reflect on factors the government policies are focusing on and macros are in favour of, very good opportunities are available in the mid- and smallcap space and for most of these segments are almost absent in the large-cap space.”
Elections 2024: Data showed domestic stocks have historically performed well in the run up to general elections. Six months prior to 2019 elections, Nifty jumped 13.8 per cent; it went up 13.7 per cent in six months to general elections 2014.
Long-term investing is not just about compounding but also plays a pivotal role in managing risk and mitigating potential downsides.
Stocks of defence-related companies have been firing on all cylinders on the bourses in calendar year 2023 (CY23). Shares of Hindustan Aeronautics (HAL), Bharat Electronics (BEL), Bharat Dynamics (BDL), Data Patterns, MTAR Tech, Cochin Shipyard and GRSE have rallied in the range of 21-96 per cent so far this year. By comparison, the BSE Sensex is up 8 per cent. The gains have been sustained on the back of robust export opportunities, a healthy project pipeline and the government's continued push for local manufacturing and indigenisation of defence equipment.