The recent Lok Sabha election results have underscored the significance of Chief Minister Nitish Kumar in Bihar’s political landscape. As Nitish Kumar’s Janata Dal (United) emerges as a crucial ally for the BJP-led National Democratic Alliance (NDA), several Bihar-based companies stand to gain from the evolving political scenario.
The BJP won 240 Lok Sabha seats, falling short of a majority. To form the government, they relied on allies like Nitish Kumar’s JD(U), N Chandrababu Naidu’s Telugu Desam Party (TDP), Eknath Shinde’s Shiv Sena, and Chirag Paswan’s Lok Janshakti Party-Ram Vilas.
With Nitish Kumar and Chandrababu Naidu becoming key players in the NDA, shares of companies based in Bihar and Andhra Pradesh have surged. Arun Kejriwal, founder of Kejriwal Research and Investment Services, noted that industrialization in Bihar could receive a significant boost due to Kumar’s new pivotal role in the alliance, potentially leading to increased investment and employment opportunities.
Deven Choksey, MD of DRChoksey FinServ Pvt Ltd, added, “Capex and consumption are two sides of a coin. Bihar, like every other state, is expected to benefit from India’s growth story. We foresee an extremely positive decade ahead.”
Here are four firms operating in Bihar that could benefit:
Aditya Vision Ltd: Headquartered in Patna, Aditya Vision is a leading multi-brand consumer electronics retailer with stores across Bihar, Jharkhand, and Uttar Pradesh.
Globus Spirits Ltd: Established in 1993, Globus Spirits manufactures and distributes Indian Made Indian Liquor (IMIL) and Indian Made Foreign Liquor (IMFL). It operates distilleries in Rajasthan, Haryana, West Bengal, and Bihar.
SIS Group Enterprises Ltd: Founded in 1985 in Patna, SIS provides security services, including manned guarding, training, paramedic and emergency response services, loss prevention, asset protection, and mobile patrols.
V2 Retail Ltd: A prominent fashion and lifestyle retail network, V2 Retail operates outlets selling clothing and miscellaneous items. The company has production facilities in Noida and Bihar, with 27 outlets in Bihar alone.
These companies are well-positioned to leverage the anticipated industrial growth and increased investment opportunities as Nitish Kumar strengthens his alliance with the BJP-led NDA.
