Festive season has started in India..! Which company stocks to buy?

The festive season has started in India. That's why amazon and flipkart companies have announced festive season discounts. Generally, from september to January, successive festivals like Ganesha Chaturthi, Ayudha Puja, and diwali come to India. Therefore, the buying trend of people like new clothes and jewelry will also increase. As the festive season begins in India, the value of shares in three specific sectors will increase, according to investment experts.
In an interview given to Economic Times by the Chairman of MarketSmith India, Mayuresh Joshi said that since the festive season has started, the share of companies including Trends, Aditya Birla Fashion, and Raymond lifestyle will increase significantly. He also predicts that gold and jewelry-related companies' stock value may also rise. Festivals like navratri and diwali are coming next. Hence sales of clothing, jewelry, and home appliances will be high for the next few months. Investors can invest in the companies considering this, said Mayuresh Joshi.
He said that especially the companies involved in the clothing industry and the companies involved in the jewelry industry will see good profits in the next few months and due to this the share values of those companies are also likely to rise. He suggested that investors should definitely buy shares of companies like Trends, Aditya Birla Fashion, and Raymond lifestyle and also invest in gold and jewelry companies as weddings are held in large numbers during the festive season.

He said that investors should develop investment strategies based on this as people's consumption generally increases in the second half of a year. Nowadays various companies are expanding their apparel and jewelery retail stores not only in big cities but also in secondary and tertiary cities. So the income and profit of these companies will increase gradually in the next few months. He suggested that if you invest based on this, you can see substantial profit.
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Sowmiya Sriram

26/09/2024 11:35 AM