Ramesh Damani warns about high market volatility on June 4, expects infra, housing & green energy as top themes for new govt – CNBC TV18

Ramesh Damani, a Member of the Bombay Stock Exchange (BSE), advises investors to be prepared for extreme volatility in the market on June 4, following the election results. He also highlighted infrastructure, housing, and renewable energy as potential winners under the new government, which will be coming to power after the election.

In an exclusive conversation with CNBC-TV18, Damani discussed about the upcoming election results and its potential reflection on the Indian economy. He emphasised the importance of a consistent economic agenda.

Discussing the primary expectation from the newly elected government, Damani expressed that if the government continues, the outstanding work done by the Prime Minister’s Office and the PM for public sector units (PSUs) would likely persist. He noted that these stocks had transformed from underperformers to leaders, resulting in significant value extraction, and anticipated further progress in this area.

Also Read | Lok Sabha elections 2024: RBI governor, union ministers and Bollywood celebrities participate in the fifth phase of polls

“The infrastructure companies basic housing, water, power, renewable energy, electricity, will all receive the government’s attention. So, those are good themes to look forward to for the next five years,” added Damani.

For the entire interview, watch the accompanying video

Catch the election phase 5 updates here