As India heads to vote investors are looking to profit from Modi’s policies
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 30 2024
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Source: MarketWatch
- Investor Sentiment: Investors are positive about a potential Narendra Modi victory in India's upcoming elections, as they anticipate continued growth-boosting policies.
- General Elections: India's general elections, ongoing from April 19 to June 1, will involve up to 970 million voters selecting the country's next prime minister for a five-year term.
- Modi's Leadership: The current Prime Minister, Narendra Modi, is seeking re-election and his policies are seen as favorable for economic growth by investors.
- Societe Generale's View: Societe Generale expressed that a win for Narendra Modi would be well-received by investors due to expectations of continuity in growth-oriented policies.
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Analyst Views on INDA
Wall Street analysts forecast INDA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for INDA is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 51.795
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Current: 51.795
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
