The festive season in India, especially Diwali, drives increased consumer spending on various items
Stock market investors can take advantage of the festive season by reevaluating and rebalancing their portfolios.
If you want to know the names of stocks in which you can invest before this Diwali, here’s the list
Tata Motors: – Expected to benefit from increased automobile sales during this Diwili. – Diverse product portfolio, including electric vehicles. – Anticipated 8-10% potential share price increase in the next four to six months.
Maruti Suzuki India: – Dominant player in the Indian automobile industry. – Strong presence in both passenger and commercial vehicle segments. – Offers up to 10% returns with a six-month investment horizon.
Titan Company: – Leading consumer lifestyle company with products like watches, jewelry, eyewear, and perfumes. – Potential for 15-20% returns within six to eight months.
Asian Paints: – Expected to benefit from increased demand for paints and home decor products before Diwali. – Multi-sector business with a diverse product range. – Offers 5-7% returns with a three-month investment horizon.
Vedant Fashions: – Manufacturer and seller of ethnic wear collections. – Peak business expected during Diwali and the wedding season. – Offers potential 10-12% returns in the short term.
Polycab: – Leader in the cables and wire segment. – Expanding into technology-driven products like smart fans and solar solutions. – Offers growth potential with 17.6% CAGR in the last five years.
IDFC First Bank: – Focus on retail banking and improving asset quality. – Significant reduction in NPA value and strong growth potential.
Dixon Technology: – Manufacturer of electronic components for various brands. – Benefits from government initiatives like Make in India. – Strong growth potential with a rising consumable market.
ICICI Bank: – Leading private bank with significant growth in loan book revenue. – Profit growth and increased market capitalization. – Positioned to benefit from increased bank transactions.
Tata Power: – Partnership with HPCL for developing EV charging infrastructure. – Potential for clean and sustainable energy solutions.