5 Veere Di Wedding linked stocks you should really hitch your wagon to
India's big fat wedding culture is quite popular. And the trend has turned into a raging fire. That said, have you ever considered playing a wedding theme in the stock market? With Veere Di Wedding film, that stars Sonam Kapoor, Kareena Kapoor Khan, Swara Bhasker and Shikha Talsania, finally hitting screens today, let's take a look at 5-wedding-linked stocks that may offer hefty returns in the coming months:
1) Matrimony.com
- Robust performance in FY18
- Highest market share in wedding segment.
- The number of weddings each year is growing
- Ad spend to come down
- Negligible debt and sufficient cash flow
- ICICI Direct has a 'Buy' rating with TP of Rs 863
2) Titan Company
- Tata Group firm
- Big brands like Tanishq, Fast Track
- Business expansion expected in 250 cities by FY13
- Rakesh Jhunjhunwala owns 8.45 per cent stake
- JP Morgan has a 'Buy' rating with TP of Rs 1050
3) Raymond
- Raymond is into fabric and branded textile business
- Park Avenue, CorePlus company's big brands
- Raymond, country's biggest suit brand
- Recently, it entered into real estate development segment
- Karvy has a 'Buy' rating with TP of Rs 1138
4) Voltas
- Voltas is a Tata Group firm
- Market share in smart AC segment to go up
- The company has Rs 1000 crore in cash
- LIC has 7.8 per cent stake in Voltas
- Nirmal Bang has a 'Buy' rating with TP of Rs 600
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5) Asian Paints
- Urbanisation drive is boosting paint demand
- Q4 results came in better than expected
- Big business in decorative paint segment
- Big mutual funds are invested in Asian Paints
- Nomura has a 'Buy' rating with TP of Rs 1295
Much is expected from the movie Veere Di Wedding at the box office. However, whether that materialises into windfall gains or not for the filmmakers, this is surely your chance to benefit from all the glitzy marriages that are driving the sales of these five companies sky-high.
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