The results of Maharashtra Assembly elections have been declared today on 23rd November and voting was held for 288 assembly seats of the state on 20th November. The state of Maharashtra plays an important role in the GDP of the country and the political movements taking place in the state have a major impact on the economy as well as the local stock market.
There is a possibility of Mahayuti coalition government being formed in Maharashtra. In such a situation, it can have a big impact on the stock market on Monday i.e. 25th November. Then according to experts, the price of some shares may increase.
The impact of Maharashtra elections can be seen on the stock market.
Recently, after the Lok Sabha elections, there was a stir in the local stock market. However, investors stayed away from the market and invested in shares of FMGC and pharma sector. Experts believe that this trend may also change after the results of Maharashtra Assembly elections and investors may invest in shares of railway, infra and banking sectors.
It seems almost certain that a grand alliance government will be formed in the state. In such a situation, investors are hopeful that due to the presence of BJP government in the center and state, there will be work in railway, banking and infrastructure sectors. Since the Government of India and the State Government of Maharashtra have focused on the infrastructure segment and comp.es in the infra sector will take credit lines from banks, a rise can be seen when the stock market opens on Monday. Along with banking shares, a rise can also be seen in infra and railway shares.
This may increase the company’s share price
According to experts, there may be a rise in the shares of RVNL, IRFC, Railtel and IRCON International Company of the railway sector on Monday. Then one can invest on Larsen & Turbo for medium and long term investments in the infra sector. Apart from this, big movements can also be seen in the shares of public sector banks like SBI, Canara and Jammu and Kashmir Bank. Along with this, shares of private sector banks like ICICI Bank and HDFC Bank may also see growth.
