It is said that Lakshmi comes home on Diwali, which is why there has been a tradition of auspicious investments on Diwali. Equity is a great option when it comes to investing. There are many such stocks in the market which can enhance the glow of your Diwali with blazing returns and bring prosperity in life. So let’s know which stocks will illuminate your Diwali more.
Joining CNBC-Awaaz to comment on this are market experts Sudip Bandyopadhyay, Prithvi Shah of Tracom Stock Brokers, Hemang Jani of MOFSL, Rajesh Agarwal of AUM Capital, Ashish Maheshwari of Arihant Capital, Gaurang Shah of Geojit Financial.
MOFSL’s Hemang Jani’s Diwali to Diwali Top Picks
Hemang’s UNITED SPIRITS I have investment advice for a target of Rs 1005. The company’s sales are expected to increase in Diwali.
The premium segment of liquor has seen good growth. This is a stock worth keeping in the portfolio.
Investment Advice by Gaurang Shah of Geojit Financial
of Gaurang Shah RELIANCE IND I have investment advice. Gaurang Shah says that from this Diwali till that Diwali, the level of Rs 3000 can be seen in Reliance. The company has forayed into clean, green energy. Oil-Gas, Digital, Retail, Telecom business has been excellent. The impact of the new business going forward will be reflected in the balance sheet of the company.
Investment advice by Rajesh Agarwal of AUM Capital
Rajesh Agarwal’s Grasim (GRASIM) investment advice. He says that from this Diwali till that Diwali, the level of Rs 2100 can be seen in this stock. The business of the company has seen great growth. Subsidiary Ultratech has also seen decent growth.
Getting into the paint business has also been profitable.
Investment Advice by Market Expert Sudip Bandyopadhyay
by Sudip Bandyopadhyay NTPC I have investment advice. He says that from this Diwali to that Diwali, the level of Rs 200 can be seen in this stock. Government companies will do well in future. The valuations of the company are very cheap. It is the largest power generating company in the country. The company has ventured into clean energy. The company aims to generate 60 GB of electricity by FY32.
Investment Advice by Ashish Maheshwari of Arihant Capital
by Sudip Bandyopadhyay BHARTI AIRTEL I have investment advice. He says that from this Diwali till that Diwali, the level of above 1000 rupees can be seen in this stock. There will be an increase in capital after the rights issue. with this. Cash will increase after getting a moratorium of 4 years. The telecom sector has a 30 per cent market share. This year the company will show strong profits.
Prithvi Shah of Tracom Stock Brokers NOCIL I have investment advice. He says that from this Diwali till that Diwali, the level of Rs 340 can be seen in this stock. The company’s capacity has doubled. Will expand capacity by September 2023. Global companies are placing orders for the company, which will have an impact on the performance of the company’s shares.
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