12 Best Stocks to Invest During Elections 2024

Stocks to Invest During Elections

Stocks to Invest During Elections: The approach of important events like national elections often creates turmoil in the stock market. With the election 2024, strategic investment decisions become paramount. 

While it’s impossible to predict the market movements with absolute uncertainty, historical trends and current indicators can guide traders or investors toward potential profit opportunities.

The pre-election rally that comes in the stock market before the elections has already started, hence the time has come to buy election-effect stocks. Stocks will be available at good levels and these stocks can give good returns at the time of elections. 

You will see a rise because you can take out the records and see that at the time of every election before the Lok Sabha elections, pre-election rallies are seen in the market.

That’s why there is a possibility of a rally in the elections of 2024 and it has already started. So, today in this article we will see 10 such stocks in which you can invest and make good profits and all these stocks can perform well in this election.

Here are the top 12 stocks to invest during the Lok Sabha Election 2024:

  1. Bharat Electronics Ltd
  2. Bharat Petroleum Corporation Limited
  3. Ultratech Cements Ltd
  4. National Hydroelectric Power Corporation
  5. Rail Vikas Nigam Ltd
  6. United Spirits Ltd
  7. Oil & Natural Gas Corporation
  8. Tata Power Company Ltd
  9. State Bank of India
  10. Bank of India Ltd
  11. New Delhi Television Ltd
  12. Bharat Heavy Electricals Ltd
  • Sector – Electronics equipment
  • Market cap – ₹1,70,939 Cr
  • PE ratio – 47.98
  • CMP (Current Market Price) – 234; Target – 300
  • Upside Potential – 14%

Bharat Electronics Limited is such a stock which has given a return of 134% to its investors in the last 1 year and since its listing i.e. from the year 1999 till now, it has given a return of 1,06,445% to its investments.

If you hold your money in this share for the next 5, 10 or 15 years, you can get better returns. If we also look at the chart of this share, we have seen a good rise of this share from the lower level and this will continue till the election and further. 

BEL’s shareholding pattern is very good. Mutual funds have 18.06%, Foreign Institutions have 17.56% and Domestic Institutions have 4.58%. Fundamentals are excellent, that’s why you can invest in this share with your eyes closed. [Stocks to Invest During Elections]


  • Sector – Public Sector Undertaking (PSU)
  • Market cap – ₹1,28,000 Cr
  • PE ratio – 4.37
  • CMP – 593; Target – 700
  • Upside Potential – 36%

We are seeing significant growth in Bharat Petroleum Corporation Limited (BPCL). This is a government company which is continuously making new highs and among these companies, BPCL is the top most company in the oil sector and this also making great new highs. 

The market cap has reached Rs 1,28,000 Cr. We can see that new purchases worth 300,400,500 crores are going on from many entities, due to which we are seeing new highs being created in this stock.

Fundamentals of BPCL are also very good and if we talk about the shareholding pattern of this stock, it’s 9.14% in Mutual Funds, 16.80% in Foreign Institutions and 12.16% in Domestic Institutions, hence you can invest in this stock and you can get good returns.


  • Sector – Cement
  • Market cap – ₹2,78,000 Cr
  • PE ratio – 43.38
  • CMP – 9,643; Target – 10,500
  • Upside Potential – 11%

Whatever government comes after the elections, their main focus will be on the development of infrastructure and the cement sector plays the biggest role in the infrastructure.

Election can cause market volatility, so deciding whether to buy UltraTech Cement shares before an election analyse trends in the UltraTech Cement industry including supply/demand dynamics, infrastructure spending and pricing trends.

UltraTech Cement stock can perform in pre-election rally and the fundamentals of this stock are also good. Shareholding pattern of UltraTech Cement is 12.22% in Mutual Funds, 18.26% in Foreign Institutions and 2.02% in Domestic Institutions. [Stocks to Invest During Elections]


  • Sector – Power Generation & Supply 
  • Market cap – ₹90,064 Cr
  • PE ratio – 24.35
  • CMP – 90; Target – 150
  • Upside Potential – 18%

NHPC this company works in the power sector and this is a Miniratna company which works as an electric generator company of the Government of India.

NHPC works in the power segment and its maximum revenue comes from the power sector and this company generates revenue from power generation. Power sector is a sector in which there’s a company with renewable energy sources and good growth can also be seen in it in the future.

And the fundamentals of this stock are also good, so there is an even better opportunity for the long term. If we talk about the shareholding pattern of the stock, then the promoters holding is 67.40%.

That means the promoters holding is very high which is excellent, 6.80% is held by foreign institutions, 5.29% by domestic institutions and 6.02% by mutual funds.

If you want to invest in NHPC then this will be a very good option for you because the fundamentals, shareholding and performance of this stock is very good and its growth will also be seen in the future. [Stocks to Invest During Elections]


  • Sector – Specialised Finance
  • Market cap – ₹59,100 Cr
  • PE ratio – 42.86
  • CMP – 283; Target – 360
  • Upside Potential – 16%

Rail Vikas Nigam Litd (RVNL) is a company specially in the finance sector. After the budget, there was a decline in the railway sector. This stock has seen a decline of about 30 to 40% and this was also possible because before the budget, all the stocks in the railway sector were running like a rocket then there was a decline.

Fundamentals of this stock are also good to a great extent. If we look at its shareholding pattern, it’s 0.09% in mutual funds, 2.32% in foreign institutions and 6.09% in domestic institutions.

The railway sector has been in development for a few years and will continue to do so in the future, which means no matter which government comes after the elections.

There’s going to be development in the railways and as soon as the development of the railways comes, the performance of RVNL will also be seen, that’s why you should invest in this stock and this stock available at a good discount also. [Stocks to Invest During Elections]

Read Also: 10 Great Ways to Learn Option Trading


  • Sector – Alcoholic Beverages
  • Market cap – ₹86,140 Cr
  • PE ratio – 66.22
  • CMP – 1183; Target – 1500
  • Upside Potential – 12%

In every election we see a rise in this type of stock because the demand for alcoholic beverages is high and the sales are also high, that’s why we should invest in United Spirits Limited in this election. This is a stock which gives a return of 18700%. 

And in the future also we can see bullishness on this stock and if we look at the fundamentals of this stock then it’s good. If we talk about the shareholding pattern of this stock then it’s 10.12% in Mutual Funds, 16.68% in Foreign Institutions and 2.16% in Domestic Institutions.


  • Sector – International Oil & Gas
  • Market cap – ₹3,52,000 Cr
  • PE ratio – 8.37
  • CMP – 278; Target – 400
  • Upside Potential – 18%

You can see a good growth of ONGC at the time of election or even after that. ONGC company generates its revenue by selling oil and gas. Within a few days, the price of both oil and gas went up a lot and also went down again but the prices have just started coming back up.

Talking about fundamentals, ONGC is also good and talking about the shareholding pattern of ONGC, mutual funds hold 7.35%, foreign institutions hold 8.88% and domestic institutions hold 11.54%. [Stocks to Invest During Elections]


  • Sector – Power Transmission & Distribution 
  • Market cap – ₹1,37,000 Cr
  • PE ratio – 38.37
  • CMP – 429; Target – 520
  • Upside Potential – 17%

Tata Group’s stocks are moving, will move even before the elections and will keep moving even after the elections, that’s why while making the portfolio, you must have to take Tata’s shares. 

Tata Power is a very good company which is going to work in the renewable sector in the future, so you can make good profits by investing in this stock.

This stock has shown a very good rally and in the future too, good performance can be seen on this stock. Fundamentals are also very good, Mutual funds have 5.42% stake, Foreign Institutions have 9.86% stake and Domestic Institutions have 11% of stake. It remains to be seen overall it’s fundamentally a good company. [Stocks to Invest During Elections]


  • Sector – Public Banks
  • Market cap – ₹6,90,000 Cr
  • PE ratio – 10.81
  • CMP – 773; Target – 850
  • Upside Potential – 15%

There is a direct connection between elections and SBI and as the elections approach, SBI stock will also rise. This stock is available at a good level, hence you should definitely invest in SBI.

This is a stock giving a return of 5019.28 %and now this stock has got a breakout after a long time, so this stock can show good growth in the future.

The fundamentals of SBI are also very good, it’s one of the top banks of India and it’s a leading company of Public Banking Sector, so this stock should be in everyone’s portfolio and that too for the long term.


  • Sector – Public Sector
  • Market cap – ₹65,790 Cr
  • PE ratio – 9.55
  • CMP – 144; Target – 250
  • Upside Potential – 12%

Bank of India Limited has witnessed good growth in the last few days. It’s an emerging bank in the banking sector and also an excellent bank. The PSU is also old and it’s government-owned so you can trust it.

This is a stock which was very good at one time and traded above Rs 400. Trend reversal has been seen in this stock for some time because in BOI volumes have increased and fundamentals of banking have been seen to be improving, its trend has also changed, that’s why you can invest in this stock

If we talk about the shareholding of this stock, it’s 4.83% in mutual funds, 4.52% in foreign institutions and 10.98% in domestic institutions. [Stocks to Invest During Elections]


  • Sector – Media & entertainment 
  • Market cap – ₹1.42T Cr
  • CMP – 220; Target – 300
  • Upside Potential – 21%

Elections can introduce volatility and influence market sentiment. Before investing evaluate how past elections have impacted NDTV’s stock price. Investing in NDTV stock before and an election analyse NDTV’s financial performance, earnings, including revenue, debt, levels and growth.

NDTV had given a breakout from the downward trend line, which is considered to be a positive outlook. For the last few days, NDTV is again seen running upwards. Now this stock is seen sustaining around the resistance trend line, so at the time of elections, this stock can give good performance in the future, so you can invest in this stock.

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  • Sector – Heavy Electricals Equipments
  • Market cap – ₹90,520 Cr
  • CMP –260; Target – 320
  • Upside Potential – 14%

There is a high possibility of this stock going up at the time of election and the best stock among PSU is BHEL. You can also select the rest of the stocks, you can invest in your favorite stock and this is also a good-performing stock. That’s why you should invest in this stock.

Good rally from lower levels has been seen in BHEL for a few days. Its fundamentals are also good and it’s a PSU stock, hence you can invest in this stock blindly. [Stocks to Invest During Elections]


Ultimately, it’s essential to conduct thorough research and possibly take advice from financial experts before making any investment decisions, especially in events like elections.

If you want to invest in any stock during the election, then do your own research and check the fundamentals of any stock on which you want to invest. You can make a good profit by investing in all the stocks mentioned in this article because all these stocks are going to run like a rocket.

I hope you have liked the information we have shared in this article, to know more about this you can read our other articles too. [Stocks to Invest During Elections]


10 best profitable stocks to buy now:

  1. Bharat Petroleum Corporation Limited (BPCL)
  2. Ultratech Cements Ltd
  3. National Hydroelectric Power Corporation (NHPC)
  4. Rail Vikas Nigam Ltd (RVNL)
  5. State Bank of India (SBI)
  6. Bank of India Ltd (BOI)
  7. Oil & Natural Gas Corporation (ONGC)
  8. United Spirits Ltd
  9. New Delhi Television Ltd (NDTV)
  10. Tata Power Company Ltd

Reliance Industries Ltd, Tata Power Company Ltd, Infosys Ltd, etc shares will boom in 2024.

3 best stocks to invest in 2024:

  1. Bharat Electronics Ltd (BEL)
  2. Bharat Petroleum Corporation Limited (BPCL)
  3. Ultratech Cements Ltd

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