5 Stocks to Benefit from the Upcoming 2024 General Elections

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India’s largest car manufacturer has underperformed in the stock market in recent years… this is well known. What came as a surprise recently is that for the first time in seven years, Tata Motors has gone ahead of Maruti Suzuki in the market cap race. 

Maruti Suzuki Ltd.

Run a list of stocks that have underperformed in the last 3 years and Whirlpool of India ltd sticks out like a sore thumb. The stock is down almost 50% over the last 3 years as intense competition and shrinking margins took toll on its profitability.

Whirlpool of India Ltd.

All I can say about this Indian behemoth is that the valuations are still attractive from a medium to long term perspective. The stock is trading at a PE of 27x, slightly lower than its long term average of 28x-30x. 

3 ITC Ltd.

It stated that the ratio would trend lower over the next several quarters and further stated that deposit growth must be 3-4% higher than the loan growth to bring down loan to deposit ratio. As of now, sequential deposits growth of 1.9% materially lags loan growth of 4.9%. 

HDFC Bank

The company currently derives almost 30% of its revenue from sale of Apple’s devices. However, Redington certainly cannot rely on Apple alone for its future. Hence has already started reducing its dependence on the smartphone major. 

5 Redington Ltd.

This research serves educational and informational purposes only. It is not to be considered as a portfolio management service, basket recommendation, or investment advisory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.