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Diwali is not just a festival of lights and sweets but also a golden opportunity for investment. This Diwali, stocks like Adani Ports, Cummins India, Eternal, ICICI Bank, Mahindra & Mahindra and Reliance Industries can offer good opportunities for long-term investors. By investing with market intelligence and proper planning, your money can also shine like Diwali.
Diwali is not just a festival of lamps and sweets, but also a time to give new dimensions to investment and money. This time investors can try their luck, because there are some special stocks in the market which can perform well. You just have to move forward with wisdom and right strategy.
Last year was a bit slow for the stock market. Nifty and Sensex fell slightly, while small and midcap stocks suffered more losses. Selling by foreign investors made the atmosphere a bit tense, but domestic investors maintained confidence.
There are signs of reducing rates in major markets of the world, while the Chinese government is also giving economic incentives. Normal monsoon in India, increase in rural income and tax exemption have boosted the enthusiasm of investors. With this, market expectations are becoming stronger again.
Kotak Securities believes that the coming year will be stable, but it is important to invest wisely to get returns. Investment should be made only after realizing the risk. Planning with expert advice is important for every investor, especially during the Diwali time.
Adani Ports has been given a target of Rs 1900 this year. Growth is expected from increasing port volumes and capex investment. If you are thinking of long term investment, then this share can strengthen your portfolio.
Cummins India’s target this year is Rs 4400, the company’s power generation order book is strong. Whereas, the target of Eternal is Rs 375, EBITDA breakeven is expected from Blinkit. Both these companies are gaining momentum in their respective industries and can offer good opportunities for investors.
ICICI Bank’s target is Rs 1700, the company’s excellent return on equity and strong asset quality are attractive for investors. Mahindra & Mahindra’s target is Rs 4000, it is the leader in tractor and SUV sector. Whereas, the target of Reliance Industries is Rs 1555, the company is likely to benefit from Telecom IPO and new FMCG strategy.