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Top Stocks That Can Benefit From G20 Summit 2023

21 Sep 2023

Introduction:

The top world leaders gathered in New Delhi for the first time for G20 Summit 2023. The event, which was held successfully on the 9th and 10th of September at the Bharat Mandapam International Convention Centre – was lauded by one and all as the most fruitful G20 Summit ever.

A unanimous consensus was achieved on all 83 parts of the declaration, containing discussions on several agendas, including climate change, debt, food security, sustainability, and geopolitical conflicts. The Prime Minister of India – Mr. Narendra Modi – announced the launch of the Global Biofuel Alliance with Brazil and the United States of America (USA). Another thing that stood out is India’s push for complete electric mobility and the showcase of high-end manufacturing capabilities.

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Post the successful G20 Summit, the global audience is seeing and recognizing India’s economic and industrial powers, making it a lucrative market for foreign investors. The event has also opened trade and investment opportunities for domestic investors. The Indian stock markets also reacted positively to the developments, with both Nifty and Sensex breaching their all-time high figures of 20,000 and 67,000 respectively.

As you move ahead, several stocks are expected to soar in the upcoming months. This article contains a list of the top stocks belonging to some key sectors that can benefit from the successful G20 Summit 2023, and provide superficial returns in the long term.

1. Automobile and Metal Industry

The companies belonging to the automobile and metal industries are expected to benefit immensely from the G20 Summit 2023. As India aims to project itself as the global leader in the electric vehicle and precision engineering sectors, these companies will have to play a crucial role. We are already a leading supplier in Asia in the automobile and metal sectors, and the position is poised to improve in the upcoming months.

Some stocks belonging to these sectors with substantial market shares and noteworthy financials include Tata Motors, Maruti Suzuki India, Mahindra and Mahindra, Tata Steel, WELCORP, Motherson Sumi, Ratnamani, SPELS, JK Tyres, TIINDIA, and MRF.

2. Hospitality and tourism

The hospitality and tourism industry is another sector that can benefit immensely from the G20 Summit 2023. As the world leaders touched our shores, the Indian officials left no stone unturned to ensure they and their teams enjoy the best hospitality here. Meanwhile, companies belonging to this sector are expected to post good revenues for the third and fourth quarters of the ongoing fiscal. Another reason behind this view is the upcoming cricket World Cup in India.

The top shares belonging to the hospitality and tourism sector in which you can invest now include Prestige, The Indian Hotels Company, Phoenix, TATAINVEST, RVNL, IRCTC, INDIGO, IRFC, L&T, and IRCON.

3. Transport, logistics, and supply chain management

Considering the extensive lengths and breadths of the country, the transport and logistics sectors play a crucial role in stabilising its economy. A strong and growing economy like India needs affordable and stable supply chain management and transport framework for continuous domestic and cross-border trade. 

Some of the companies that pop up in mind when we discuss the transport and supply chain industries include Mazgaon Dock Shipbuilders, Adani Ports, GMRINFRA, TCI, CONCOR, BEL, BHEL, HAL, Taneja Aerospace, Indus Tower, and the TVS Supply Chain Solutions. Some of these companies even enjoy a monopoly in their respective segments.

3. Green energy and waste management

Global warming and climate change were among the top-priority issues discussed in the G20 Summit 2023. India, as a nation with the highest carbon production in the world, has vowed to take immediate measures to implement green energy and waste management resources. 

As an investor, you can identify the potential companies that can benefit from such initiatives and invest in their shares. Some include Tata Power, Adani Green, SW Solar, SUZLON, RACE, Antony Waste Handling, and Websol Energy Systems.

To conclude

The success of the G20 Summit 2023 is bound to impact India and its economy significantly. Substantial business opportunities will develop in several sectors, with the ones mentioned above to be at the forefront. You can create a diversified portfolio of these stocks for excellent long-term returns. If you need a Demat account to invest, you can open it for free within a few minutes with Motilal Oswal.

 

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