How to play wedding season theme on D-Street? MOFSL expects 5 stocks to rise up to 15%
Amidst this market analysts are betting on such sectors stocks with an upside potential between 10 per cent and 15 per cent.
As India ushers in the wedding season, the domestic markets are abuzz with activity, driving growth across key sectors such as jewellery, automobiles, and hospitality. According to the Confederation of All India Traders (CAIT), over 48 lakh weddings are set to take place by the end of December, which can generate an estimated Rs 6 lakh crore in business, while in the past year, 3.8 million weddings made a business of Rs 4.7 lakh crore.
Amidst this market analysts are betting on such sectors stocks with an upside potential between 10 per cent and 15 per cent.
Amidst this market analysts are betting on such sectors stocks with an upside potential between 10 per cent and 15 per cent.
Stocks to buy for 3-6 months
Analysts from domestic brokerage MOFSL have recommended 5 stocks from a perspective the next 3-6 months.
Here is the list of these stocks that could rise up to 15 per cent.
Titan Share Price Target: According to analysts, wedding jewellery demand started picking up after the customs duty reduction announcement and is expected to remain strong in the next two quarters.
"Titan with its superior competitive positioning, has continued to outperform other branded players," they said.
Eicher Motors Share Price Target: Eicher Motors' Royal Enfield is seeing better demand compared to the pre-festive period due to function of its new launches, good availability of all models and increased promotional activities to drive consumer interest, the brokerage said.
Vedant Fashions Share Price Target: Vedant Fashions is likely to witness upbeat growth on account of higher and spread-out wedding dates starting November 24, analysts said.
"It has a long runway for growth with footprint expansion in Manyavar. Further, the ramp-up of newer categories provides additional growth triggers," they added.
According to MOFSL revenue of Safari's expected to rise and demand to bounce back led by festive pre-stocking.
Lemon Tree Hotels Share Price Target: The hospitality company to continue its strong growth momentum in 2H due to the stabilization of Aurika Mumbai, strong wedding season & favourable demand-supply dynamics. The brokerage expects that investments in renovations to result in improved OR, ARR, and EBITDA margins for the company.
(Disclaimer: The views/suggestions/recommendations expressed here in this article are solely by investment experts. Zee Business suggests its readers consult their investment advisers before making any financial decision.)