Modi Effect – Top picks by leading brokerage house

top picks

BJP will formulate new government under strong leadership of Modi. This new government is likely to take strong decisions to revive economy. Modi effect is so strong that stock market is touching new height every day.

We are herewith top picks suggested by leading brokerage houses.

Top Picks by leading Brokerage house


  • Stock picks of CLSA includes ICICI Bank, SBI, Ultratech, L&T and Maruti
  • Under midcap umbrella CLSA believes that IndusInd, PFC, Ramco Cement, Jubilant Foodworks, JSW energy, Prestige Estates and Motherson Sumi will do well.
  • CLSA also picks ONGC and Sterlite

Goldman Sachs:-

  • Goldman Sachs is bullish on stock such as ONGC, Coal India, SBI,L&T, Power Grid, Adani ports, Bank of Baroda, JSW Steel and Crompton Greaves.

Citi Group:-

  • Among large cap Citi Group prefers Axis Bank, Hindalco, ICICI Bank, Lupin, Maruti, ONGC, SBI, Tata Motors and Wipro.
  • Among Midcap Citi Group is bullish on Arbindo Pharma, BPCL, DB Corp, Federal Bank, Gujarat Pipavav, IDFC, Info-edge, LIC Housing, Mindtree and Prestige Estates

JP Morgan:-

  •  JP Morgan stock picks are Zee, Tata Motors, ITC, GSK Cons, RIL, ICICI, DRL, HDFC Bank, Infosys, Tech Mahindra, Grasim, Tata Steel, SesaSterlite, Power Grid and Tata Power

Morgan Stanley:-

  • Stock picks by morgan Stanley are Axis bank, ONGC, Maruti, Tata Power, Tata Steel,  NMDC, LIC housing, Shriram City Union, Bharat Forge, Cromptom Greaves, HPCL, Mindtree, IPCA, IRB, Future Retail, Sobha  Developers

Bank of America Merill Lynch 

  • Bank of America Merill Lynch is bullish on banking stocks and there stock picks are ICICI, Axis, Yes bank, SBI, Bank of Baroda, PNB, PFC, REC


  • Top Stock picks given by Barclyas are Axis bank, HDFC bank, ICICI, SBI, Tata Steel, Hindalco, IRB Infra,Adani ports, Coal India, L&T, ONGC,BPCL

Standard Chartered

  • Standard Chartered is bullish on banking stocks and stock picks of standard chartered are SBI, Union Bank, Bank of Baroda.

Motilal Oswal

Detail about Motilal Oswal 26 Top stock picks is available here.

Article by Raviraj

Raviraj is the man behind He is graduate in finance, engaged in blogging since 7 years. Moneyexcel blog is ranked as one of the Top 10 Personal Finance Blog in India. He is not affiliated with any financial product, service provider, agent or broker. The purpose of this blog is to spread financial awareness and help people in achieving excellence for money. Please note that the views expressed on this Blog/Comments are clarifications meant for reference and guidance of the readers to explore further on the topics. These should not be construed as investment advice or legal opinion.

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