Nifty may hit 15,700, Sensex seen at 52,000 in 2021; Sanjiv Bhasin tells top stocks to buy | IIFL INTERVIEW

Posted on by

Indian share markets are ruling at record high levels on the back of newsflow related to COVID-19 vaccine rollout. Sanjiv Bhasin, Director at IIFL Securities Ltd, said that investors must stay invested as BSE Sensex and Nifty 50 have been hitting record levels almost every other day. In an interview with Surbhi Jain of Financial Express Online, Sanjiv Bhasin said that he is overweight on cement, pharmaceuticals and construction sectors stocks. He maintains a bullish view on the stock market, and expects Sensex to hit 52,000 in this new year. While trading in an all-time high market, Bhasin advises investors to keep systematic investment plans (SIP) as corrections can’t be ruled out.

1. What should be the investment strategy when markets are at all-time highs?

2. Keeping the current share market scenario, where is Bank Nifty headed in 2021?

Bank Nifty was the big underdog with a global consensus of underperformance as NPA’ would rise. However, in Indian context, large banks raised money at low cost during the peak which is now reflecting in their bottom lines. We expect bank Nifty to scale new highs with a target of 34,000 in 2021.

3. Growth or value investing, which according to you offers higher returns over the long-term?

Both are going in tandem, however, this year may be different as after almost 4 years value is making a huge comeback with select PSUs seeing huge catch up after 4 years. 2021 may belong to value as corporate profitability shows growth with value doing better. However, longer-term growth has out beaten value and may continue.

4. Where do you see BSE Sensex and Nifty 50 next year? What are your overweight and underweight sectors for 2021?

BSE Sensex at 52,000 and Nifty 50 index at 15700. The overweight sectors are cement, pharma and construction, while underweight sectors are metals and cyclicals.

5. Amid ongoing TCS and Wipro share buyback, what should investors do- tender or hold on to shares?

Take advantage of the arbitration opportunity given by the buyback, however, do not lose sight that these have been huge wealth creators in the past and may continue to outperform

6. Which investment option do you prefer- Mutual funds or direct equity?

Both will work in bull markets, however, may see the return of mutual funds as fund flows increase and markets get more broad-based.

7. Which sectors may outperform in 2021 and what are you preferred stocks?

Sectors that may outperform in the new year are pharmaceuticals, cement and construction. The top stock picks are ACC (Rs 2000), Ambuja Cements (Rs 315), Godrej Properties (Rs 1700), NBCC (Rs 50) and Sun Pharma (Rs 750).

Corning-Optiemus JV to seek incentives for cover glass

Posted on by

Bharat Innovation Glass Technologies, a joint venture (JV) of US-based gorilla glass maker Corning and local contract manufacturer Optiemus Infracom, will soon apply for incentives under the Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS)to make finished cover glass for smartphones in the country.

The JV company is expected to start the production of smartphone cover glass in the October-December quarter of 2024. In the first phase, Bharat Innovation Glass willmake30million pieces of high-quality finished cover glassand will employ between 500 and 1,000 people, John Bayne, senior vice president and general manager of mobile consumer electronics at Corning, said in a media interaction on Thursday.

For Corning, this is the first such JV to make cover glass. Currently, the JV will be involved in finishing the cover glass sheets in India. “Over time, once we have the scale, we would consider bringing the original glass sheet manufacturing here as well,” Bayne added.

According to Bayne, it does not make sense to directly start with manufacturing of cover glass because that will lead to higher costs initially in the absence of a local manufacturing ecosystem in the country. Once there is a scale and development of the local component ecosystem, it would make sense for Corning to bring in the technology for glass manufacturing.

Optiemus and Corning announced the joint venture last month. As part of the arrangement, Optiemus will hold a 70% stake, whereas Corning will hold 30%. The companies did not disclose the investment in the facility. However, it is learnt that the companies will put in close to `934 crore. Further, the companies are yet to decide on the location of the facility and are in talks with Tamil Nadu and Telangana to occupy the land and start operations.

Even if the JV will start making cover glass locally, the same may not lead to reduction in prices of smartphones for the end consumer, according to Bayne.

“Having a local supply chain is probably a good thing and avoids a lot of logistics and shipping costs. This makes it more economical for the OEMs (original equipment makers) who are assembling their phones here,” Bayne said.

Once the company starts operations, the facility will make entry- and premium-level 2D, 2.5D and 3D glasses for the smartphone OEMs. Corning will transfer its technology to the joint venture to start the cover glass finishing operations in the country.

Creativity at a crossroads

Posted on by

A week ago, multinational advertising and communications network WPP made the stunning announcement that it would merge Wunderman Thompson and VMLY&R to create a new agency, VML. The move is expected to make the newly formed VML the largest creative agency in the world with an estimated 30,000 employees across 64 markets. Both agencies interestingly were also the outcome of WPP mergers in 2018 – J. Walter Thompson and Wunderman were merged to form Wunderman Thompson, while VML and Y&R merged to become VMLY&R.

Industry veterans reacted with shock at WPP’s decision to terminate the legacy Wunderman Thompson brand that has played an influential role in shaping the industry’s growth since it entered the Indian market 94 years ago under the name Hindustan Thompson Associates.

Sandeep Goyal, CMD at Rediffusion, points out that WPP’s latest move reflects certain clear realities about the industry: “Creative agencies at current remuneration levels are unsustainable. So either clients have to pay more to receive quality services or global agencies will die. Local agencies may be better equipped with lesser hierarchy and overheads for the future. But the global agency is dying.”

Declining value of creativity

While many have fond memories of the agency, observers also claim that Wunderman Thompson’s retirement is also one of the first big signs of the demise of traditional creativity. It all started during the 1990s, when advertising agencies began what is often referred to as ‘unbundling’. While the erstwhile agency format offered brands services like media buying, creative execution, strategy and research all under one roof, the industry gradually started to see each of these functions turn into strategic business units and ultimately independent agencies. That’s when the triumvirate of media, creative and research agencies emerged.

Erstwhile JWT hand Dias says that post the unbundling, creative agencies have never been able to price their offerings independently and that was when the advertising networks started to view them as “cost centres”. It was only a matter of time before the consolidation process began. Over the last decade or so, he adds that the value of reaching people through the right media has become more important than getting the creative right. He notes, “That is why you hear people talk about the poor quality of ads today. Poor-quality ads that reach more people are preferred by brands over good-quality ads that reach fewer people. The next generation of creative talent will be people who know how to reach more people with average creative work, quickly.”

It’s not just WPP. Just about a week ago, Omnicom announced the formation of Omnicom Advertising Services in India, bringing three creative agencies together – DDB, BBDO and TBWA. Omnicom’s strategy is perhaps better than WPP’s move, say some experts, since it eliminates the challenges that come with mergers and allows individual agencies to retain their unique identity while also permitting greater collaboration across functions.

Some others have gone down the same road. Just over a year ago, Dentsu International merged its agencies such as DentsuMB, 360i and Isobar to launch a new global creative network, Dentsu Creative. Publicis too brought most of its agencies under one roof.

Like Dias, Nisha Sampath, managing partner, Bright Angles, laments the lack of value attached to creativity today. “Unfortunately, global networks are driven by profitability and not so much by creativity. The grim reality is that the people who are joining the business today are less passionate about creativity than those over a decade ago. Ogilvy and DDB Mudra are some of the agencies that still demonstrate that passion. Wunderman Thompson was the other,” remarks Sampath.

The fact that advertising revenues this year have fallen across the US, UK and Europe has also put global networks under pressure. However, while mergers look great on paper and promise better cost efficiencies, they are not easy to execute. One of the biggest challenges is culture. That apart, such drastic steps can make people insecure and inevitably, top-tier talent will be the first to exit, impacting morale. Considering this is the second merger for Wunderman Thompson and VMLY&R since 2018, it’s natural for employees to be worried.

Some are plain emotional. Tarun Rai, former group CEO, South Asia at JWT, says, “I have seen quite a few avatars of Thompson. It’s sad to hear that the brand won’t complete its century in India.”

Follow us onTwitter,Instagram,LinkedIn,Facebook

Harsha Engineers shares settle at 47% higher in debut trade

Posted on by

Shares of Harsha Engineers International on Monday made a stellar debut on the bourses, listing at Rs 444 apiece on the BSE, a premium of 34.5% over the issue price. The shares hit a high of Rs 527 during intraday trade before settling at Rs 485.9 apiece on the BSE, up 47% over the issue price.

The total quantity traded on the NSE stood at 3.61 crore shares, while 24.9 lakh shares changed hands on the BSE.

The company had raised Rs 225.7 crore from anchor investors.

Harsha Engineers International, incorporated in 2010, is the largest manufacturer of precision bearing cages, in terms of revenue, in the organised sector in India, and among the leading manufacturers of precision bearing cages globally. It has 50-60% of the market share in the organised segment of the Indian bearing cages market and 6.5% of the market share in the global organised bearing cages market for brass, steel and polyamide cages in CY2021.

Also read: Harsha Engineers premium listing on BSE, NSE: Shares end 47% up from IPO price even as Sensex, Nifty fall 2%

The company reported a net profit of Rs 92 crore and net sales of Rs 1,321 crore in the twelve months ended March 31, 2022.

“The company has long-standing relationships with its customers, which are leading global bearing manufacturers in the automotive, railways, aviation and aerospace, construction, mining, agriculture, electrical and electronics and renewables sectors. At the offer price of Rs 330, the stock trades at a P/E valuation of 32.7x its FY2022 post-IPO diluted EPS. Given the company’s strong market share in the bearing case market and strong relationships with its customer, the company’s growth prospects look promising,” brokerage Sharekhan said in its pre-IPO note.

Cygnet introduces Cygnet Digital, an innovative framework

Posted on by

According to an official release, Cygnet, a provider of enterprise transformation and IP-based solutions for smarter compliance and finance transformation, announced a transformation into Cygnet Digital, as a part of the Cygnet Infotech family. Cygnet Digital unveils the innovative framework, Cygnet COSMOS, which is a customer-first, co-ideation, co-creation, and co-innovation ecosystem.

“The digital landscape is evolving rapidly, and our commitment is to ensure that Cygnetians, customers, communities, and partners remain at the forefront of this digital revolution. Our new identity plans to include ‘Living the Trust,’ with every service, solution, and offering within this innovative framework,” Niraj Hutheesing, founder, MD, Cygnet Digital, explained.

“We aim a vision of achieving 4X growth and delivering best-in-class customer-centricity while expanding the Cygnet family internationally,” Narasimha Murthy, Chief Business and Operations Officer, Cygnet Digital, concluded.

Follow us on Twitter, Facebook, LinkedIn

MCX crude oil October futures shows continuation of bearish trend, go long only above Rs 7050/bbl

Posted on by

By Bhavik Patel

For the past three to four months, the oil market has been struggling to gain traction on the upside due to growing fears of imminent recessions in Europe and possibly in the United States. Since June, when the Fed started aggressively hiking key funds rates, oil prices have lost around $40 per barrel, slumping below $86 a barrel from $130 last year. Not just recession fears but demands for destruction have also soured sentiment for bulls. The zero Covid policy in China with snap lockdowns and mass mobility restrictions, coupled with concerns about the slowing growth in the Chinese economy, have also weighed on market sentiment. Oil prices have also been volatile as liquidity has dried up.

There was discord between reality and paper oil futures as demand still was holding up but speculators were pushing prices down in anticipation of a recession. OPEC+ had also said that prices are not reflecting the true picture. In fact, with supply constraints increasing due to the implantation of Russian sanctions in winter, there will be a shortage of crude as other OPEC countries don’t have enough capacity to increase production. Demand is still holding up as more demand will come for oil by switching from natural gas, whose sky-high prices have become prohibitive for many industries and power-generating units in Europe. Supply will struggle to catch up with demand once China’s economy rebounds, and possibly up to 2 million BPD of Russian crude oil and products have to find new homes outside the EU and the G7 this winter.

Also read: India’s current account deficit may rise to 3.3% of GDP in Q2FY23 on revival in demand, high commodity prices

So we conclude that oil prices have less space to fall but surely the floor is not set. Below $80, OPEC+ will come into action and start cutting production to prop up prices but slowing economies and interest rate hikes are set to keep investors and traders off risk assets like crude oil, meaning oil prices may not exceed $100 per barrel again this year. Oil prices may struggle in the short term, but once economies rebound, the world will find itself short of supply of oil and other commodities. So in the medium to long term, we are bullish but in the near term, prices are still set to trade in a range.In MCX, Oct future contract still is in a bearish trend with lower top and lower bottom formation on the daily scale.Trend line resistance comes at 7050 so break out or change in trend is only possible above 7050 closing basis. Last week we had recommended not to initiate a long position until 7100 is breached and we are again reiterating the advice to go long only above 7050. Till then the trend is bearish and will remain vulnerable to selling pressure at every bounce.

(Bhavik Patel is a commodity and currency analyst at Tradebulls Securities. Views expressed are the author’s own.)

GAIL, Bombay Dyeing, HDFC, Avenue Supermarts, Nykaa, Vedanta, Dilip Buildcon stocks in focus

Posted on by

Indian benchmark indices BSE Sensex and NSE Nifty 50 are likely to open higher amid positive global cues. Ahead of the session, SGX Nifty was up in green, hinting at a positive start for domestic equity markets. “The pressure in the global indices, especially the US, is weighing on the sentiment and we feel the scenario would continue in absence of any major domestic trigger. A decisive breakdown below 16800 in Nifty could intensify the selling. Participants should stay light and prefer defensive viz. pharma and FMCG over others for long trades,” said Ajit Mishra, VP – Research, Religare Broking.

Stocks in focus on 4 October, Tuesday

Also Read: Strong credit ratings upgrades for Indian firms; these sectors climb up the most as credit quality improves

Housing Development Finance Corporation: HDFC said loans assigned in Q2FY23 stood at Rs 9,145 crore, up from Rs 7,132 crore in same period last year. All the loans assigned during the quarter were to HDFC Bank. Gross income from dividend for Q2 came in at Rs 1,360 crore and the profit on sale of investments was nil for the quarter.

Bombay Dyeing: The rights issue committee of Bombay Dyeing & Manufacturing Company has considered and approved the draft letter of offer for the proposed Rs 940 crore, the company said in a BSE filing. On September 22, the company’s board had approved raising of funds through a rights issue of upto Rs 940 crore. The draft letter of offer dated October 3, 2022 will be filed with the Securities and Exchange Board of India (Sebi), BSE and NSE.

Vedanta: The company said its alumina production at Lanjigarh refinery decreased by 11% on-year to 4.54 lakh tonnes due to scheduled maintenance, and at Zinc India, reported highest-ever second quarter mined metal production at 2.55 lakh tonnes, up 3 percent on-year, driven by better grades and improved mill recoveries. In the steel segment, its total saleable production increased by 11% on-year to 3.25 lakh tonnes on account of completion of debottlenecking activities in Q1FY23.

Nykaa: Nykaa’s board has approved issuance of bonus to its shareholders in proportion of 5:1, which means that for every one fully paid-up equity share held, a shareholder will get five fully paid-up shares of the company. The company has fixed November 3 as the record date to determine members eligible for bonus equity shares. The company, founded by Falguni Nayar, was listed on the exchanges on November 10 last year.

Avenue Supermarts: The D-Mart operator announced standalone revenue for the quarter ended September 2022 at Rs 10,384.66 crore, up significantly by 36% from Rs 7,649.64 crore in the same period last year. The total number of stores as of September 2022 stood at 302.

Also Read: Paytm share price rises 7% in 6 months, may rally this much more; JP Morgan bullish, should you buy?

Dilip Buildcon: The road construction company through its joint venture RBL-DBL has received a letter of acceptance (LOA) for its Surat Metro Rail Project in Gujarat. The order is worth Rs 1,061 crore.

Rupee likely to remain steady amid strong dollar, risk aversion in markets; USDINR pair to trade sideways

Posted on by

The Indian rupee is expected to remain sideways on Friday amid falling crude prices, risk aversion in global equity markets and strong dollar. The USDINR pairpair is having resistance at 79.90 and 80.15, while the support has been shifted to 79.40 from 79.05, according to analysts. In the previous session, rupee declined due to strong demand for the U.S. dollar from oil companies, while markets braced for a big rate hike from the U.S. Federal Reserve next week. Firm American currency and a negative trend in domestic equities wieghed on the currency. At the interbank foreign exchange market, the local unit opened at 79.53 per dollar, and settled at 79.73, down 21 paise over its previous close.

Also Read: Petrol, Diesel Price Today, 16 Sep 2022: Fuel cost static; check rates in Delhi, Noida, Mumbai, other cities

“Rupee on Thursday consolidated in a narrow a range and volatility remained low even after inflation number from the US and the UK came above estimates. The dollar was slightly higher following data showing U.S. retail sales unexpectedly rebounded in August. But gains for the dollar was restricted as data for July was revised downward to show retail sales declining instead of flat as previously reported. The greenback has been supported by the view that the Fed will keep tightening policy aggressively.”

“Yen was under pressure after a record Japanese trade deficit for August. The yen’s fall by nearly 20% over the past six months added to higher import costs, aggravating already high costs of energy and raw materials. The market remains choppy knowing that there’s a Fed meeting next week. Even though market participants agree that there could be a 75 basis points rate hike, it’s what the statement adds to previous commentary and what Chairman Powell says in his press conference. We expect the USDINR(Spot) to trade sideways and quote in the range of 79.40 and 80.05.”

Dilip Parmar, Research Analyst, HDFC Securities

“The Indian Rupee could fall lower following a weak handover from overseas. Overnight, we have seen risk-averse moods after mix bag of US economic data that backed the view of hawkish monetary policy. US Swaps traders are currently pricing in a 75 basis-point hike when the Fed meets next week. The weakness in the Chinese yuan which crosses the 7 could also weigh on other regional currencies.”

“Asian stocks headed for the fifth week of declines following more weakness in US equities and a surge in short-end Treasury yields that reflects expectations for outsized Federal Reserve interest rate hikes. On Thursday, spot USDINR gained 26 paise to 0.33% to 79.79 and heads for the first weekly gain after two weeks of fall. The technical set-up turned bullish after the past two days of price action. The pair is having resistance at 79.90 and 80.15 while the support has been shifted to 79.40 from 79.05.”

Also Read: Share Market LIVE: Nifty, Sensex likely to open in red amid weak global cues; last day of Harsha Engineers IPO

Amit Pabari, MD, CR Forex Advisors

“Inflation in US and its strong consumer and labor markets are backing the Fed’s aggressive rate hike decision in the upcoming policy meet on 21st September. Markets have priced in fully the chance of an increase of 0.75 bps while the 30% see an increase of 1 full percentage rate hike as of today, all of which is supporting the strength in US dollar and shot US 10Y yields to a 52-week high yesterday. Here, the recent sharp appreciation in rupee near 79.00 levels has been quickly washed off for it to trade again back to near 79.80 levels.”

“It could be the influence of the strong dollar, weaker sentiments or weakening of the Chinese Yuan past 7.00 all negative factors weighing on rupee. The next move towards 79.95 and 80.10 is basically the RBI’s play as one needs to be cautious from the central bank intervention from the past two times. For now, the level of 80.10 remains a strong resistance for the USDINR pair, which haven’t been able to breach multiple times in the past though however posed the rest of the currencies are. Breaking of 80.10 could invite another upside move of 50 paisa to 1 rupee. On the flip side, 79.00 remains a strong support for the pair.”

(The recommendations in this story are by the respective research analysts and brokerage firms. FinancialExpress.com does not bear any responsibility for their investment advice. Capital markets investments are subject to rules and regulations. Please consult your investment advisor before investing.)

Russia’s exclusion may pave way for India into global bond index

Posted on by

India has the biggest bond market among emerging economies that’s not covered by global indexes, but bankers say that may change soon, potentially drawing in billions of dollars in inflows. Russia’s recent exclusion is one reason why. Morgan Stanley expects an announcement that India will be included in JPMorgan & Chase Co.’s emerging markets bond index as early as mid-September with the actual entry in the third quarter next year. Goldman Sachs Group Inc. sees that announcement coming in the fourth quarter this year and inclusion in the second or third quarter in 2023. Both expect India’s weight at 10%, the maximum for a country in the index, and potential inflows of $30 billion from the move.

Getting high-yielding Indian sovereign bonds into global indexes would make it easier for overseas investors to put their money into Asia’s third-biggest economy with its $1 trillion debt market. It would follow many false starts over the years that resulted from wariness about debt inflows and disagreements including one on tax breaks for foreigners. Russia’s exclusion from the JPMorgan gauges after it invaded Ukraine may have added to incentives for the index compilers to fill the hole with Indian debt.

JPMorgan, one of the major index providers, has been collecting feedback from investors over including India in its Government Bond Index – Emerging Markets Global Diversified, or GBI-EM. More than 60% of real money investors are ready or almost ready for India’s inclusion, a Morgan Stanley survey showed. A spokesperson for JPMorgan in India declined to comment.

“India would offer much needed diversification to the GBI-EM index given the different structure of its economy, and so would be a strong addition to the index from a long-term perspective,” said Nivedita Sunil, portfolio manager for Asia and EM debt at Lombard Odier (Singapore) Ltd. “We have held consultations with the index provider and we are broadly supportive of it.”

Bond traders in India have had their hopes dashed in the past on index inclusion. There were widespread expectations in February that the government would announce a tax break for foreign investors in the budget that would facilitate trading of the nation’s debt on platforms such as Euroclear.

Dashed Expectations

Instead, the budget was silent on the issue. Officials have said they decided not to exempt international bond transactions from taxes, and they would like settlement of bonds to be done locally. “India has its own size and heft to act on its own,” said Aninda Mitra, head of Asia macro and investment strategy at BNY Mellon Investment Management. “But it is important to make a strategic decision and stick with it, rather than send out conflicting signals.”

Meanwhile, in the GBI-EM index Russia had a weight of about 8% before it was removed, and now there are seven countries with a weight of 10% each and 13 countries sharing the remaining 30%, according to the Morgan Stanley note. “The exclusion of Russia has made the index more concentrated and unbalanced,” Morgan Stanley strategists Min Dai, Madan Reddy and Gek Teng Khoo wrote in a note early September. “Hence JPMorgan has more incentive to include India even without Euroclear, as long as GBI-EM investors don’t object to that.”

India is currently ‘on track’ to be placed on index watch for inclusion in JPMorgan’s bond index, according to the bank. It’s also on the FTSE Russell watch list to get into its emerging market debt index. Bloomberg LP is the parent company of Bloomberg Index Services Ltd, which administers indexes that compete from those by other service providers. Renewed market talk on index inclusion helped revive flows into rupee-denominated bonds last month after six continuous months of outflows. Foreign inflows will be crucial to meet the nation’s ever-growing bond supply as its funding needs expand.

Also Read: Petrol and Diesel Price Today, 9 Sep 2022: Fuel cost steady; Check rates in Delhi, Mumbai, Noida, other cities

Authorities have taken some steps to ease rules for foreigners. Recent regulations like allowing custodian banks to pre-fund trades on behalf of foreign investors and extended settlement timings are examples, according to Goldman Sachs. Still, key issues remain. “We think the two biggest operational challenges are account opening time and the burdensome trading requirements,” said Eric Lo, a fixed-income fund manager at Manulife Investment Management. He said it can take up to nine months to open a local India bond trading account, but operational constraints like those aren’t a “show stopper” for the firm to invest in the market.

Gadarwara Madhya Pradesh Assembly Constituency Election 2023: Date of Result, Voting, Counting; Candidates

Posted on by

Gadarwara MP Assembly Election 2023 Details: The election for Gadarwara Assembly Constituency in Madhya Pradesh will be held on November 17 this year. The final date of voting and result were known after the formal announcement by the Election Commission of India. Here are the important details of the Gadarwara Constituency Assembly Election 2023 that you should know.

Gadarwara Constituency Madhya Pradesh Assembly Election 2023: Voting Date

November 17 is the date of voting for the Gadarwara Assembly Constituency Election 2023 as announced by the Election Commission of India.

Gadarwara Constituency Madhya Pradesh Election 2023: Candidates List

Bharatiya Janta Party (BJP), Congress and other political parties in the state will announce their candidates for the Gadarwara Assembly Constituency Election 2023 after the announcement of voting dates by the Election Commission of India.

Why Gadarwara Constituency Assembly Election 2023 is Important

Gadarwara is a state Assembly/Vidhan Sabha constituency in the state of Madhya Pradesh and is part of the Gadarwara Lok Sabha/Parliamentary constituency. Gadarwara falls in the Gadarwara district of Madhya Pradesh and is categorised as an urban seat.

Gadarwara Constituency MP Election Result: What happened in 2018

Suneeta Patel of the Indian National Congress was the winning candidate from the Gadarwara constituency in the MP Assembly elections 2018, securing 79342 votes while 63979 votes were polled in favour of Gautam Singh Patel of the Bharatiya Janata Party. The margin of victory was 15363 votes.

2018 Gadarwara Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesSuneeta PatelIndian National Congress79342

Candidate List Party Name Votes Gained (Vote %) Suneeta Patel Indian National Congress 79342 (50.75%) Gautam Singh Patel Bharatiya Janata Party 63979 (40.93%) None Of The Above None Of The Above 3759 (2.4%) Arya Ravi Parihar Independent 2224 (1.42%) Omshankar Singh Rajput Bhartiya Shakti Chetna Party 1708 (1.09%) Rewaram Paranchey Gondvana Gantantra Party 1634 (1.05%) Rajaram Baghel Bahujan Samaj Party 1141 (0.73%) Rakesh Chouksey Independent 813 (0.52%) Chhela Babu (tejram) Nirbal Indian Shoshit Hamara Aam Dal 523 (0.33%) Reena Lamaniya Aam Aadmi Party 493 (0.32%) Kapil Dubey Bablu Maharaj Shiv Sena 404 (0.26%) Rajesh Ahirwar Bahujan Sangharshh Dal 312 (0.2%)

Gadarwara Constituency MP Election Result: What happened in 2013

Govind Singh Patel of the Bharatiya Janata Party was the winning candidate from the Gadarwara constituency in the MP Assembly elections 2013, securing 61202 votes while 35889 votes were polled in favour of Suneeta Patel of the Independent. The margin of victory was 25313 votes.

2013 Gadarwara Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesGovind Singh PatelBharatiya Janata Party61202

Candidate List Party Name Votes Gained (Vote %) Govind Singh Patel Bharatiya Janata Party 61202 (43.88%) Suneeta Patel Independent 35889 (25.73%) Sadhana Sthapak Indian National Congress 27789 (19.92%) None Of The Above None Of The Above 5460 (3.91%) Poonam Singh Bharve Gondvana Gantantra Party 4029 (2.89%) B S Parihar Bahujan Samaj Party 2108 (1.51%) Aary Ravi Parihar Independent 1620 (1.16%) Om Shanker Singh Rajput Urf Kattar Bhaiya Bhartiya Shakti Chetna Party 1382 (0.99%)

Gadarwara Constituency MP Election Result: What happened in 2008

Smt Sadhana Sthapak of the INC was the winning candidate from the Gadarwara constituency in the MP Assembly elections 2008, securing 35895 votes while 29792 votes were polled in favour of Govind Singh Patel of the BJP. The margin of victory was 6103 votes.

2008 Gadarwara Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesSmt Sadhana SthapakINC35895

Candidate List Party Name Votes Gained (Vote %) Smt Sadhana Sthapak INC 35895 (32.71%) Govind Singh Patel BJP 29792 (27.15%) Sunita Patel IND 26756 (24.38%) Pandit Deen Dayal Dhimole BSP 6416 (5.85%) Poonam Singh Bharwe GGP 3326 (3.03%) Jagmohan Singh Mariya BJSH 1659 (1.51%) Thakur Gangaram Marshkole GMS 1203 (1.1%) Aram Bai Kourav Urf Kakki IND 1180 (1.08%) Pandit Vishwa Bhushan PRBP 1157 (1.05%) Mukesh Mehra SHS 709 (0.65%) Sudama Prasad Kourav RSMD 609 (0.55%) Nagin Kochar JD(U) 595 (0.54%) Mahendra Raikwar SP 447 (0.41%)