Diwali Stocks 2020! These rocket shares will fire-up your wealth | Stocks to buy tips

Diwali Stocks 2020! Less than two weeks left for Diwali 2020 to roll in and the stock markets are already abuzz with heightened action. Corporates have been posting strong and better than expected results for the September quarter and market experts have been telling investors to seize this opportunity to invest in money making stocks. But which stocks to buy to welcome Goddess Lakshmi? Here are some names that will power up your Diwali. 

Zee Business Managing Editor Anil Singhvi has started a campaign where we will unveil the name of our 'rocket share' for investors every day. You can strengthen your portfolio by investing in these stocks. The stock market analyst Siddharth Sedani has picked a stock on Monday which is expected to fire on all cylinders. This stock has been recommended with a one-year view. You can include this stock in your portfolio from this Diwali to next Diwali.

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दिवाली से दिवाली तक का रॉकेट शेयर... जानिए वो दमदार शेयर जो देगा शानदार रिटर्न#DiwaliOnZee @AnilSinghvi_ @kunalsaraogi @s_sedani05 pic.twitter.com/vnwFnXuFBN

— Zee Business (@ZeeBusiness) November 2, 2020

This rocket share is none other than Hero MotoCorp. The Current Market Price is around Rs 2800. Sedani puts the target price at Rs 3650. The view on this stock is for 12 months.  

Why to buy this stock? 

The automobile sector has been doing well and this festival season could bring windfall gains for this two-wheeler company. The tie-up with Harley Davidson would consolidate its position in the premium bike segment. The rural sales is likely to see robust growth. 

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At 1:45 pm, Hero MotoCorp shares were trading around Rs 2824.65 on Nifty, up by 0.9 per cent.