The festive season is approaching and it not only brings families and communities together but also sets the stage for a surge in economic activities. Experts believe that Indian as well as global markets rally during this time of the year:
Here are a few stocks that you could add to your watchlist:
Experts believe that this stock could be one of the biggest beneficiaries of the festive season, as it is customary for people to buy new clothes. The company has various brands of clothing like Manyavar, Mohey, Manthan, Mebaz and Twamev that cater to various segments of customers during the holiday, festive and wedding seasons.
The company’s shares settled at ₹ 1342.25 apiece on Friday. Vedant Fashions is a mid-cap company with a market capitalization of ₹ 31,887 crores. It has a high return on equity of 32.94 percent and an ideal debt-to-equity ratio of 0.21.
Many people tend to get their houses painted sometime around the festive season, and Asian Paints is one of the most sought-after brands in this segment, with more than half of the total market share.
The company’s shares settled at ₹ 3,274.85 apiece on Friday. Asian Paints is a large-cap company with a market capitalization of ₹ 3,11,006 crores. It has a high return on equity of 32.39 percent and an ideal debt-to-equity ratio of 0.12.
Jyoti Resins And Adhesives manufactures synthetic resin adhesives. The company manufactures various types of wood adhesives (white glue), under the brand name of EURO 7000 and is now the second largest-selling wood adhesive brand in India in the retail segment. With construction activities gaining momentum, the company is expected to benefit according to experts.
Jyoti Resins’s shares settled at ₹ 1684.00 apiece on Friday. It is a small-cap company with a market capitalization of ₹ 2,034 crores. It has a high return on equity of 57.74 percent and an ideal debt-to-equity ratio of 0.00.
Another sector that benefits from the festive season is the consumer discretionary segment. People flock to buy jewellery, watches and other accessories. Titan is among India’s most prominent lifestyle companies with leadership positions in the watches, jewellery and eyewear categories.
Titan’s shares settled at ₹ 3273.10 apiece on Friday. It is a large-cap company with a market capitalization of ₹ 2,93,187 crores. It has a high return on equity of 22.37 percent and an ideal debt-to-equity ratio of 0.79.
Written by Simran Bafna
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