A) Aam Aadmi Party still begins as the front-runner because it enjoys the advantage of incumbency and an established welfare narrative.
B) Congress can return to power only if it quickly resolves its leadership crisis and unites behind a clear strategy.
C) Shiromani Akali Dal remains capable of staging a comeback if it successfully rebuilds public trust and consolidates the Panthic vote.
D) BJP could emerge as Punjab's biggest surprise if it converts its organisational expansion into electoral momentum.