In conversation with Zee Business Managing Editor Anil Singhvi, market analyst Siddharth Sedani recommended stocks with a view of the festival season ahead. The stocks which will be the flavour of the seasod help investors earn big returns. The theme he picked today was 'Tyohar k Upahar'.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

The market analyst said that festival season has started and during festive season consumption increases. Consumer spending, urbanisation also increases.

 

See Zee Business Live TV Streaming Below:

Siddharth picked four stocks to invest in during this festive season for great returns. The four stocks include VIP Industries, Crompton Greaves Consumer Electricals Ltd, IRCTC and Mahindra and Mahindra.

 

VIP Industries

Speaking on VIP Industries, the market analyst said that it is Asia's number one luggage manufacturing company with a market share of 50 percent. The company also does online selling, Quarter 1 results were also amazing and revenue growth of 50 percent can also be expected in coming two years.

He suggested to buy the shares of the company and gave a target of Rs 568 and asked to make an allocation of 20 percent.

Crompton Greaves Consumer Electricals

Siddharth gave a target of Rs 549 and asked to make an allocation of 20 percent in Crompton. He said that it is a leading FMCG company and is also a leader in home appliances.

The market analyst added that the company has a robust balance sheet, return on equity (ROE) is of 30 percent,  ROC is of 40 percent and has strong financials.

IRCTC

He gave a target of Rs 2850 and allocation of 30 percent for IRCTC. He said that IRCTC has a business of catering and railway ticketing. It is a monopoly business and IRCTC has a strong balance sheet and is a debt free company.

Mahindra and Mahindra (M&M)

Siddharth said that people tend to buy vehicles during festivals specially during Diwali and hence shares of Mahindra and Mahindra can be bought. He said that it is a leading automobile company and has launched XUV700 on August 14 before Independence Day at a reasonable price.

The market analyst further informed that the company is going to invest Rs 3000 crore in electric vehicles and can onboard around 5 lakh electric vehicles by 2025. He gave a target of Rs 940 and asked to make an allocation of 30 percent.