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    Election Impact!

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    With 220 stocks hitting one-year high owing to the current trending of Lok Sabha election results, BSE is all set to make new records. According to the leading dailies, Narendra Modi’s BJP-led NDA is heading for a clear victory in the general elections.

    The elections seem to bring positive impact on the Indian economy, but the new government needs to control inflation, bring in FDI, overhaul and improve GST for improving the condition of the retail sector.

    For now, the retailers seem to be making profits while the country awaits the final verdict.

    Stocks for the below mentioned retailers witnessed a rise:

    Nifty7203.00  79.85 (1.12%) Sensex 24121.74  216.14 (0.90%)

    Company Name Last Price % Chg 52 wkHigh 52 wkLow Market Cap(Rs. cr)
    Trent 971.50 1.11 1,339.80 902.00 3,228.44
    Shoppers Stop 380.00 1.20 444.00 317.70 3,162.20
    Future Retail 120.70 6.44 156.15 63.30 2,797.83
    Pantaloons Fash 130.25 3.58 174.95 10.00 1,208.64

     

    Source: Moneycontrol.com