Aatmanirbhar Stocks to Buy: HAL, BHEL and BEML to get 'vocal for local' boost
Taking cues from what PM Modi wants from 'vocal for local' move, Zee Business Managing Editor Anil Singhvi has turned his attention to identifying companies that can help decrease imports.
Aatmanirbhar Stocks to Buy: During Coronavirus lockdown, Prime Minister Narendra Modi had stressed upon making India a self-reliant nation by discouraging imports. In this bid, PM Modi even asked the Indian companies to buy from the local market instead of importing. Taking cues from what PM Modi wanted from this move, Zee Business Managing Editor Anil Singhvi has turned his attention to identifying companies that can help decrease imports. So, which are these companies capable of developing products here that are currently being imported?
In this regard, Zee Business TV listed out some companies that can benefit from this 'vocal for local' move. As far as investors are concerned, the stocks of these companies can also witness upside movement in near term. Zee Business Executive Editor Swati Khandelwal and our research team identified these ''Aatmanirbhar'' stocks that would cement Indian economy and pump growth rate in coming times by reducing dependence of country on imports.
See Zee Business Live TV streaming below:
The team has responded by revealing names of HAL, BHEL and BEML and also termed them as stocks to buy. The immediate reason being that these companies are expected to benefit from the recent Ministry of Defense decision to replace imports with domestic products.
Watch full coverage in video below:
जानिए कौन सा है वो आत्मनिर्भर शेयर जो देश की इकोनॉमी को दे रहा है मजबूती
— Zee Business (@ZeeBusiness) August 14, 2020
The team revealed that the ministry has announced that by 2025, the ministry is going to double its domestic orders from Rs 70,000 crore to around Rs 1.4 lakh crore. if that happens, then companies like HAL, BHEL and BEML will be the major beneficiaries of those domestic orders as they have the ability to produce quality products that the Ministry of Defense is currently importing.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.