The NDA's landslide victory in Bihar will propel these stocks to a meteoric rise! Understand why experts are making this claim.:

News Topical, Digital Desk : The Bihar election results aren't having much of an impact on the stock market, but experts are predicting significant gains in certain stocks. The ruling NDA government received a landslide mandate in the Bihar Assembly elections. Consequently, the central government may move further toward policy reforms, which could lead to a surge in the coming days for stocks of infrastructure, manufacturing, and public sector companies.

Market analysts say this Bihar election mandate will empower the central government to take more major decisions on policy reforms and capital expenditure, as the government is already moving rapidly on these issues.

What the experts said

Amit Goyal of Pace 360 said the Bihar election results are clearly positive for Indian stock markets. "It reinforces that the political landscape in India remains as strong as ever and will enable the central government to take long-term decisions to boost growth."

The analyst also said that this mandate will provide more scope for the government to focus on structural reforms rather than populist spending, which will be good for stocks of infra, manufacturing and government sectors.

Amit Goyal said, “We don't see any major changes in welfare spending. Ongoing reforms and strategic disinvestment should keep interest in manufacturing and public sector undertaking stocks.”

Swastik Jain of Generational Capital said that after these election results, there will be an infrastructure allocation of Rs 58,900 crore in Bihar and meaningful efforts will be made to promote capital expenditure and consumption, and there will be a huge increase in spending on infrastructure projects.