Festive Season SIP Theme Stocks: Analyst suggests buying these 4 stocks for up to 27% returns; check out targets
At 2.04 PM, Sensex was 0.33 per cent or 272.5 points down at 82,285.72 while Nifty was 0.4 per cent or 103.80 points down at 25,176.05.
The benchmark equity indexes Sensex and Nifty fell in early trade on Wednesday, September 4 following a record-breaking rise, reflecting exceedingly dismal trends in global markets.
Images: Pixabay, Pexels, Unsplash
30-share BSE Sensex
The 30-share BSE Sensex fell 721.75 points to 81,833.69 following a slow start to the day. The NSE Nifty fell by 196.05 points to 25,083.80.
Sensex and Nifty
At 2.04 PM, Sensex was 0.33 per cent or 272.5 points down at 82,285.72 while Nifty was 0.4 per cent or 103.80 points down at 25,176.05.
Siddharth Sedani's 'Fest Pe Best' theme stocks
Meanwhile, analyst Siddharth Sedani has chosen a few stocks on the 'Fest Pe Best' theme.
4 stocks to buy during festive season
These stocks include Arvind Fashions, Tata Consumer, Varun Beverages, and Bajaj Finance. Sedani suggests buying these stocks for 3-6 months. The expected returns are based on the stocks' last closing price on September 3.
Arvind Fashions
Target price: Rs 689
Expected returns: Up to 23%
Allocation: 25%
Tata Consumer Products
Target price: Rs 1,265
Expected returns: Up to 6%
Allocation: 25%
Varun Beverages
Target price: Rs 1,900
Expected returns: Up to 27%
Allocation: 25%
Bajaj Finance
Target price: Rs 8,330
Expected returns: Up to 13%
Allocation: 25%
Why did Sedani choose the 'Fest Pe Best' theme?
Sedani has related this week's theme to the festival. Today's theme is Fest Pe Best. According to him, 30 per cent of annual sales come from the festival season. Brands bring their sales, the biggest shopping takes place during this time as festivals like Ganesh Chaturthi, Diwali, and Navratri take place.
Sedani's views
Market experts say that companies are spending on premiumisation. Inflation is low, people's income is increasing and monsoon is also normal. The combination of all these is in the festival and a huge consumption boom can be seen from them. 10 per cent sales growth is expected in consumer durables and fashions.
The views/suggestions/advice expressed here in this article are solely by the brokerage firm. Zee Business suggests its readers consult their investment advisers before making any financial decision.