Kerala Election Results 2026 | The stage is set for the counting of votes for 140 assembly seats in Kerala. All eyes are on key battlegrounds, where heavyweights are seeking another mandate.
The direct contest is between the ruling CPI(M)-led Left Democratic Front (LDF) and the Congress-led United Democratic Front (UDF). The BJP-led NDA is also seeking to expand its footprint in the southern state. Among the seats that will be closely watched are Dharmadam, Nemom, Palakkad, Aranmula, and Peravoor.
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Kerala: Key battlegrounds
| Parameter |
Edelweiss |
HSBC |
Invesco |
WhiteOak |
|---|
| Equity allocation |
96.7% |
98.8% |
97.0% |
96.8% |
| Large-cap allocation |
19% |
10% |
17% |
6% |
| Mid-cap allocation |
69% |
68% |
63% |
72% |
| Small-cap allocation |
12% |
22% |
20% |
22% |
| Common holding |
Federal Bank (4.0%) |
Federal Bank (4.9%) |
Federal Bank (6.4%) |
Federal Bank (2.8%) |
| Key differentiated holding |
MCX (2.3%), BSE (2.3%) |
Lenskart (4.1%), Nykaa (4.0%) |
Prestige Estates (7.2%), Max Healthcare (6.2%) |
Max Financial (3.1%), Bharti Hexacom (2.9%) |
| Notable sector tilt |
Banks, capital markets, auto components |
Electrical equipment, retailing, banks |
Retailing, banks, healthcare services |
Pharmaceuticals, finance, banks |
| Distinctive strategy |
Larger large-cap cushion |
Highest equity deployment |
High-conviction stock bets |
Strongest mid/small-cap focus |
Today's Chanakya has projected a narrow edge for the UDF in Kerala, forecasting 69 seats, with a margin of error of plus or minus nine, in the 140-member Assembly. The poll has placed the ruling LDF close behind at 64 seats, also with a margin of error of plus or minus nine, indicating a tight race that could go either way.
In vote share terms, the survey has estimated 40 per cent support for the UDF, compared with 38 per cent for the LDF. The BJP-led NDA has been projected to win seven seats, with a margin of error of plus or minus four, and secure around 20 per cent vote share.