G20 Summit: Which Stocks Are Attractive To Invest? L&T, HAL, NTPC In List

Amidst the G20 meeting, Manish Chowdhury, Head of Research, StoxBox believes that the manufacturing, defense and infrastructure sector is likely to garner global investors' interest during the summit. Hence, the expert believes that stocks like Larsen & Toubro, Hindustan Aeronautics, NTPC, NHPC and PFC are attractive. Also, railways and shipping stocks are likeable.

On September 8, Prime Minister Narendra Modi extended a warm welcome to the leaders arriving for the G20 Summit that begins on September 9th and 10 in New Delhi. Ahead of the summit, PM Modi and US President Joe Biden reaffirmed the close and enduring partnership between India and the United States.

Chowdhury said, "Against the backdrop of India emerging as the manufacturing powerhouse due to multiple government initiatives such as Make in India, Atmanirbhar Bharat and PLI schemes, we believe that manufacturing, defence and infrastructure sector is likely to garner global investor interest at the G20 summit."

Hence, he added, "We continue to like L&T, HAL and select railway and shipping stocks in this space due to their revenue visibility and strong industry tailwinds. Moreover, we believe that discussions at G20 summit is likely to revolve around sustainable transition towards clean energy. Against this backdrop, we believe that the overall power and allied sector pack including NTPC, NHPC and PFC would find market interest, especially considering their attractive valuation."

G20 is the premier forum for international economic cooperation and it plays an important role in shaping and strengthening global architecture and governance on all major international economic issues.

G20 comprises 19 countries such as Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, United Kingdom, and the United States; and European Union. The G20 members represent around 85% of the global GDP, over 75% of the global trade, and about two-thirds of the world population.

On Friday, PM Modi and Biden called on their governments to continue the work of transforming the India-U.S. Strategic Partnership across all dimensions of our multifaceted global agenda, based on trust and mutual understanding. The leaders re-emphasized that the shared values of freedom, democracy, human rights, inclusion, pluralism, and equal opportunities for all citizens are critical to the success our countries enjoy and that these values strengthen their relationship.

Disclaimer:

The recommendations made above are by market analysts and are not advised by either the author nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.