Amit Shah advises to 'buy before June 4' predicting Indian stock market's spike; Check Union HM's top stocks

Lok Sabha Elections 2024 will conclude on June 1 in the 7th phase of voting and the results will be announced on June 4, 2024; therefore, Amit Shah has advised people to buy stocks before the date.

Authored by: | Updated 5/14/2024, 4:05:51 PM
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Union Home Minister Amit Shah is busy in the Lok Sabha Elections 2024 campaign these days, Lok Sabha Elections 2024 will conclude on June 1 in the 7th phase of voting and the results will be announced on June 4, 2024. On June 4, 2024, Indians' verdict on who will be the country's next Prime Minister be declared. In the meantime, the Nifty 50 is witnessing a downfall in the stock market. As per reports, Nifty 50 has fallen over 4 percent from its record-high level. As a result, Amit Shah was asked during an interview about the downfall of the Indian Stock Market. In response, Amit Shah said, "The market has fallen more in the past as well. Thus, linking market movements directly to elections is not wise. Maybe the fall was due to some rumours. In my opinion, buy before June 4. The market is going to shoot-up."

Now, the question arises what are stalks that a common person can buy? Well, True Scop News dug into Amit Shah's affidavit in which he declared the name of stocks in which he has invested. Below are Amit Shah's top stocks- 

 

  1. Canara Bank: HM Amit Shah has around Rs 7.25 lakh worth of shares, while Sonal Shah has 50,000 shares valued at Rs 2.96 crore.
  2. Procter & Gamble Hygiene and Health Care: A combined investment of over Rs 1.9 crore, each, has been made.
  3. Karur Vysya Bank: The valuation of Sonal Shah's one lakh shares is Rs 1.9 crore.
  4. Gujarat Fluorochemicals: A Rs 1.79 crore investment has been made by Sonal Shah.
  5. Lakshmi Machine Works: Sonal Shah has a 1.75 crore rupee stake in the company.
  6. Hindustan Unilever Limited (HUL): Amit Shah holds a stake in company worth Rs 1.35 crore.
  7. MRF: Union Home Minister Amit Shah is the owner of 100 shares worth Rs 1.29 crore of the tyre manufacturer.
  8. Bharti Airtel: Sonal Shah owns shares worth Rs 1.22 crore in the telecom company.
  9. Colgate-Palmolive (India): Amit Shah investment in this company is around Rs 1.07 crore.
  10. Sun Pharma: Sonal Shah has stake in the company of more than Rs 1 crore. 
     

Notably, the market value of Amit Shah's equity portfolio is around Rs 17.46 crore. His top five interests are HUL, MRF, Procter & Gamble Hygiene And Health Care, and ABB India. ITC, VIP Industries, Infosys, Grindwell Norton, Cummins India, and Kansai Nerolac Paints are a few more noteworthy investments.

(DISCLAIMER: Consult Your Financial Advisor Before Investing In Any Stocks)

 

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