How to become rich tips for parents: On this Children's Day, here are top shares to buy

There is no doubt that parents work hard all their lives to ensure a comfortable and comprehensively complete lifestyle for their children. However, money is always tight and their eyes are always on the horizon for something new that may bring them further riches or at least ensure a rich future for their children. Well, there can be no better time than today, which is November 14, Children's Day! So, we bring to you top 5 shares to buy. Why shares?  Because equity is the best way to multiply your money. 

Children's Day is underway and parents are busy searching for investment tips that will make them and their children richer. Those who believe in direct equity investments, Jubilant FoodWorks and Britannia are the two shares that can be a good bet for maximising money, say stock market experts. According to share market experts, these two shares are poised to give around 20 per cent returns on their money from Children's Day 2019 to next year's Children's Day. They are of the opinion that these two companies are consumer-centric. In the coming year, consumer spending, especially by children on the products of these two companies are expected to boost the balance of their respective sheets that would get reflected in the surge of these two company's shares.

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Speaking on the stocks that parents can think of investing this Children's Day, Shrikant Chouhan, Senior VP — Equity Research at Kotak Securities said, "Jubilant FoodWorks and Britannia are the two stocks that parents can buy at current levels for at least doubling one's money in next five years." He said that these companies cover the 360-degree product category of the consumer-oriented market and children are their most targeted audience. They have customised their products like Pizza, frozen foods, etc. that attract children to a larger extent.

Elaborating upon the triggers that would help Jubilant FoodWorks and Britannia Industries share price in next one year, Prakash Pandey, MD & CEO at Plutus Advisors said, "On this Children's Day, parents can invest their money in Jubilant FoodWorks and Britannia Industries as these companies have diversified product market ranging from children to youth and aged ones. In the coming year, Jubilant FoodWorks shares and Britannia shares are expected to get the benefit of the continued rise in consumer spending, especially by children and youth." Asked about the returns one can expect in one year, Pandey said that at least 20 per cent return can be expected in these two stocks.

On various levels that an investor should keep in mind while taking a position in Jubilant FoodWorks and Britannia Industries Prakash Pandey said, "In Jubilant FoodWorks one needs to wait for some correction and take a buy position at around Rs 1,550 levels for the target of Rs 2,000 maintaining the stop loss at Rs 1,440. In Britannia shares, an investor can take buy position at Rs 3,160-180 levels for the target of Rs 3,700 in next one year maintaining the stop loss at Rs 3,000."

Therefore, parents who are looking forward to making some investment in the direct equity market for their children can think of investing in Jubilant FoodWorks and Britannia Industries shares for at least one year if they want to bag 20 per cent returns on their money. However, if they invest in these stocks keeping a long-term perspective for five years, they can expect to double their money (as said by the Kotak Securities expert).

Happy Children's Day!