As India is heading up for the biggest festival week, starting with Dhanteras, everybody would be wondering about money making ideas.
We bring you five stocks under Rs 200 which may turn your money into gold on the auspicious occasion of Dhanteras.
Dhanteras Money Making Ideas: With Dhanteras, the festival season kicks off in India, and people are looking for investment options beyond traditional choices like gold and term deposits.
Stock Market Investment Potential: Stock market investments are gaining traction as a viable investment option.
Manappuram Finance: This NBFC with an AUM of Rs 10,700 crore in gold loans is a top pick, offering a 40% upside from the current market price of Rs 101 to the target price of Rs 142, according to IDBI Capital.
Minda Corporation: A diversified auto-ancillary company, Minda Corporation has seen a 60% rise in shares in 2017. Axis Direct suggests a 25% upside from the current price of Rs 146 to the target price of Rs 183, making it an attractive choice.
V-Guard Industries: With a 60% surge in 2017, V-Guard Industries is recommended by Sharekhan as a strong buy. The current market price is Rs 190, and its impressive 46% CAGR earnings growth makes it a compelling option.
MOIL: This state-run manganese-ore mining company has shown stable returns of 8% in the current year. Anand Rathi forecasts a 25% upside from the current price of Rs 196 to the target price of Rs 245, driven by organic growth
Jagran Prakashan: Despite a flat performance in 2017, Jagran Prakashan is recommended by Axis Direct with an upside of 15% from the current market price of Rs 178 to the target price of Rs 205. As a media company involved in various platforms, it holds potential for growth.
Diversified Investment Choices: The recommended stocks cover a diverse range of sectors, including finance, automotive, electrical, mining, and media
Festival Season Investment Strategy: These stock recommendations provide investors with a strategic approach to making profitable investments during the festival season