As Diwali is approaching, investors need to totally redecorate their portfolios with the help of stocks considered good enough for the festive season. The mood of the festival not only boosts consumer sentiment but also increases consumption within most sectors. Here are your options to top Diwali stock to keep on the watchlist for smart investments this season. Of course, do your due diligence, and consult with financial advisors before investing in the stock markets. We are NOT SEBI registered and do not provide any tips or recommendations.
- Titan Company Limited
Titan has a jewelry brand called Tanishq. Sales of gold always go well on Diwali, and thus, Titan is a good investment for this festival season.
Due to the increase in demand for gold during the festivals, Titan Company Limited is the right choice. It also has a good brand name for jewelry and has more expansion in new regions.
- Kalyan Jewellers
Kalyan Jewellers is another giant jewelry player that enjoys the tradition of gold purchasing during Diwali. The constant growing of love from customers makes it a better choice during the festival period. It also has a detailed portfolio of products.
- Flipkart
Flipkart has emerged as one of the most critical stocks, and it can prove to be promising for investors who are experiencing increasing consumer purchases during Diwali on an e-commerce platform. However, this is not a publicly listed company yet! But it’s worth looking for stocks in grey market. Otherwise other ecommerce players like Nykaa, Paytm
- Maruti Suzuki
Sales in the automobile industry tend to increase before Diwali as they purchase new vehicles especially two-wheelers for their family members. As Maruti Suzuki is the biggest automobile manufacturing company, it would be able to make the most profit.
- HDFC Bank
HDFC Bank is a great leader in the banking sector. It is one of the top picks because of its good asset quality and its high credit demand during festivals.
To Conclude:
Diwali is a festival season that offers an excellent opportunity for an investor to make investments in the stocks that gain profit during the festival season. Retail, jewelry, automotive, and banking sectors may have the scope to improve their portfolios to make maximum use of the festive season. Happy Diwali!