Stocks To Buy Before Diwali: Zee Business panellist and market expert Siddharth Sedani on Wednesday recommended four stocks to the viewers under the theme ‘Riti Riwaj’ before Diwali. In a special segment Sid Ki SIP aired on the channel with Zee Business Managing Editor Anil Singhvi, he said that these stocks could yield good returns with the consumer sentiments running high ahead of Diwali.
Stocks To Buy Before Diwali: SID KI SIP
जानिए निवेश के लिए कंपनियां जिनका क्षमता विस्तार पर है फोकस..
थीम के हिसाब से किस शेयर में करें कितना एलोकेशन?
पोर्टफोलियो बनाने का शानदार मौका…
— Zee Business (@ZeeBusiness) October 12, 2022
Sedani said that Titan’s jewellery volumes have grown by 18 per cent and the company has added 105 new stores. Watches and variables have seen 20 per cent growth. He predicted that Titan’s premium watch brand Zoya stores can triple till 2027. Titan has a robust balance sheet.
Titan Share Price Target: Rs 2815 (Return 7 per cent)
According to Siddharth, the company has a strong distribution network and volume has grown by 37 per cent. The company has strong brand equity and has a major advantage from the fall in price of raw material.
Asian Paints Share Price Target: Rs 3570 (Return 8 per cent)
Aditya Birla Fashion
Siddharth said that the company has many major brands under Aditya Birla Fashion, amongst which Pantaloons is expected to add 75 new stores. While another 400 more brand stores plan is underway. He further added that, Reebok sales are also a beneficial factor.
Aditya Birla Fashion Share Price Target: Rs 358 (Return 8 per cent)
He said that TCNS Clothing has a Rs 50,000-60,000 crore capex plan.
TCNS Clothing Share Price Target: Rs 808 (Return 9 per cent)