Diwali, the festival of lights, isn’t just about celebrations—it's also a powerful time for new beginnings, especially in investments. Many investors take advantage of Diwali Muhurat trading to refresh their portfolios, guided by the belief that prosperity and growth follow during this auspicious time.
As Diwali 2024 approaches, it's time to align your investment strategy with the festive spirit. In this blog, we spotlight top stock picks, chosen for their robust fundamentals, consistent growth, and market leadership. These selections offer an excellent foundation for building wealth and brightening your financial future. Whether you're aiming for long-term gains or simply want to add quality stocks, these picks are designed to set the tone for a prosperous year ahead.
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Diwali Picks for 2024 :
India’s leading air conditioning brand, saw a 67% YoY growth in Q1FY25, achieving a 19.5% RAC market share. Voltbeko's 50% growth and expected breakeven show strong prospects, with demand expected to rise during the festive season. EBITDA and PAT are projected to grow significantly by FY27.
Achieved 20% loan CAGR and 18% deposit growth over FY22-24. Expected to maintain 18% loan CAGR through FY25-27, supported by fintech partnerships and improved risk management.
​​3. IPCA Laboratories
Posted 15% YoY growth in the domestic market with a 15% CAGR in FY21-24. IPCA is enhancing exports with new launches and leveraging synergies from its Unichem acquisition, poised for robust growth over FY24-27.
Expanding with 80 new stores in FY25 through the franchise model, aiming for a 40% PAT CAGR over FY24-26. With the promoter’s stake rising to 63%, the asset-light expansion will generate strong cash flows for debt repayment.
GAIL (India) Limited, the country's leading natural gas company, posted an impressive 1QFY25 performance with an EBITDA of ₹45.3 billion, 32% above expectations. PAT also surpassed estimates by 21%, driven by strong results in gas transmission and higher natural gas marketing volumes in the domestic market.
Adani Ports & SEZ (APSEZ) is India's largest private multi-port operator, managing ports and logistics across the country. In 1QFY25, APSEZ handled 183 million metric tonnes of cargo, growing 7% YoY despite disruptions. The company aims to achieve a FY25 volume target of 460-480mmt. APSEZ is expanding capacity and is acquiring 80% of Singapore-based Astro for USD 185 million & enhancing its global presence.
Conclusion
In conclusion, Diwali presents a unique opportunity to align your investment goals with the festive spirit of growth and prosperity. By focusing on fundamentally strong stocks with consistent performance, you can set a solid foundation for long-term wealth creation. Whether you're a seasoned investor or just starting, these curated stock picks offer potential for both stability and growth, making them ideal for your Diwali portfolio. Here's to a year of abundant growth, exciting opportunities, and financial success!
Happy investing and Happy Diwali!
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