Diwali Stock Tips: Diwali is not just a festival of lamps. There is a belief among the people that if any investment is started on this day, then there is a possibility of getting manifold returns on it. New Samvat starts from Diwali and market experts are believing that in this next Samvat 2078, investors can invest by choosing stocks by making a special strategy, then they can get profits of up to 63 percent till next Diwali i.e. in one Samvat. Below, the brokerage firm Reliance Securities has suggested investors to invest in these special stocks in which investment can turn money.
Ashok Leyland
Target Price: Rs 170, Expected Return: 21%
Ashok Leyland is the second largest commercial vehicle manufacturer in the country and the fourth largest bus manufacturer in the world and 12th largest truck manufacturer globally. This company has presence in about 50 countries including India. Although 90 percent of its business is generated in the domestic market. According to experts, there will be an increase in the demand for the company’s products due to the expected increase in yield due to better monsoon, increasing investment, economy will return on track. Investors can get up to 21 percent return on investment in this in one year. Right now its price is around Rs 141.
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Gujarat Gas
Target Price: Rs 967, Expected Return: 63%
Gujarat Gas is the largest city gas distribution company in the country. It caters to over 13.5 lakh residential customers, over 12300 commercial customers, over 400 CNG stations and over 3500 industrial units. According to experts, due to increase in production capacity and recent domestic gas tie-up, the gas cost is likely to come down, which will increase the company’s profits. Right now its share price is around Rs 594.
HCL
Target Price: Rs 1480, Expected Return: 28%
Noida based HCL provides IT services. It currently has more than 1.59 lakh employees in more than 50 countries around the world. Its customers include 250 companies in the Fortune 500 and 650 companies in the Global 2000 Enterprises. The focus of its larger piers is mainly in the IT Services segment but HCL’s focus is on IT & Business, Engineering & R&D Services and P&P business. On the basis of these three, HCL is expected to grow better and investors can get up to 28 percent profit till next Diwali. Its current price is around Rs 1152.
Infosys
Target Price: Rs 2120, Expected Return: 24%
Bangalore-based Infosys Business Consulting provides IT and outsourcing related services. It has expertise in Insurance, Banking, Telecommunication and Manufacturing sectors. According to analysts, due to increasing digitization, IT company Infosys can benefit the most. The company’s growth has been good in the rise in new positions and renewal of old deals and if the company’s growth is looking good even further, then investors can get up to 24 percent returns in it till next Diwali. Its shares are currently trading at a price of around Rs 1704.
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Kalpataru Power
Target Price: Rs 678, Expected Return: 58%
Kalpataru Power and its subsidiary JMC Projects benefit from power T&D (Transmission and Distribution), railways and infrastructure segments across the globe. Non-T&D orders grew from 16 per cent in FY15 to 41 per cent in the June 2021 quarter, driven by growing opportunities in the oil and gas and railways segments. Due to low debt and strong order book, investors can earn up to 58 percent profit by investing in it till the next year. Its current price is around Rs 428.
L&T
Target Price: Rs.2303, Estimated Return: 27%
L&T has an important contribution in the country’s strong infrastructure. It has an excellent expertise and track record of delivery of high value orders. According to analysts, the company’s growth will be better for the next few years due to several high value orders like National Infra Pipeline, Bharatmala, Sagarmala, Bullet Train and Metro Rail Projects. Investors can invest in it and earn up to 27 percent profit within a year. Right now its shares are at a price of about Rs 1814.
Nippon Life India AMC
Target Price: Rs 526, Expected Return: 26%
It is the asset manager company of Nippon India Mutual Fund. Nippon Life India is the sixth largest asset manager in the country and has over 20 years of wealth creation experience. Apart from this, it is the only AMC in the country which has got the right to manage the funds of Employees’ Provident Fund Organization (EPFO) and National Pension System (NPS). Due to all this, its shares can see a rise of up to 26 percent in a year. Right now it is at a price of around Rs 417.
Ramakrishna Forgings
Target Price: Rs 1700, Expected Return: 52%
It manufactures forged products. Ramakrishna Forgings supplies companies worldwide in the Auto, Railways, Agricultural Machinery, Bearing, Oil & Gas, Power & Construction, Earth Moving and Mining sectors. Its customers include companies like Tata Motors, Ashok Leyland, Volvo, Ford. Now this company is planning to enter new segments like Passenger Vehicle, Low Commercial Vehicle, Non-Auto Engineering, so its growth prospects are looking good. Investors can earn up to 52 percent profit till next Diwali. Right now its shares are available at a price of around Rs 1117.
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UltraTech Cement
Target Price: Rs 9400, Expected Return: 26%
UltraTech Cement is the country’s largest manufacturer of gray cement. Apart from this, it is one of the top five companies in the world in cement production. It has more than one lakh channel partners across the country and its products are sold in 80 percent of the country. According to experts, its growth is going to continue and it will continue to be the market leader. Its prices can strengthen by about 26 percent in a year. Right now it is trading at a price of around Rs 7447.
Varun Beverages
Target Price: Rs 1141, Expected Return: 39%
It is a company of RJ Corporation Group. Varun Beverages is a leader in the domestic beverage industry and one of PepsiCo’s largest franchisees worldwide outside the US. It offers a wide range of carbonated soft drinks and non-carbonated drinks including packaged drinking water under the trademark of PepsiCo. The soft drinks market was badly affected due to the Corona epidemic, due to which the company started selling healthy fruit drinks. It is expected that the company will regain its business position. Investors can invest in this and earn up to 39 percent profit till next Diwali. Right now its price is around Rs 823.
These big things are in favor of the market
The current Samvat 2077 has been great for investors amid the challenges of the Corona epidemic. Now the risk of corona epidemic is gradually decreasing and vaccination is accelerating. Economic activity is also picking up and many companies have even crossed the pre-Corona level. The GST collection figures are encouraging. Talking about the global level, the policies of most central banks, including the US Federal Reserve, are expected to increase liquidity in the market. Due to all this, there is a possibility of a boom in the equity market. Brokerage firms estimate that Nifty 50 can give 12-15 per cent returns in Samvat 2078. Increase in capital expenditure by the government and private companies will support the economic recovery. The growth of the industry will also be better with the PLI scheme of the central government.
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