Top Stocks to Benefit From Diwali & Navratri 2023 | Motilal Oswal

Top Stocks to Benefit From Diwali & Navratri 2023


The festive season is around the corner. The next few months in India will pack an array of festivals, including Ganesh Chaturthi, Navratri, Durga Puja, Diwali, Karva Chauth, and Christmas, among others. People around the country celebrate these festivals with great enthusiasm. They shop for new clothes, automobiles, gadgets, etc. Tourism is also at its peak, with several students and office-goers taking leaves and travelling to different regions of the country to be with their families.

For stock market investors, the upcoming festive season in India provides an opportunity to rebalance their portfolios. They can increase investments in the shares of companies in the automobile, clothing, electronics, FMCG, jewellery, and banking sectors to fetch good returns. If you want to know the names of stocks in which you can invest, here’s the list:

Open Your free Demat Account in just 5 minutes!

Stocks to Benefits From Diwali And Navratri 2023

1. Tata Motors

Tata Motors is one of the best stocks to buy before the festive season. It is a global automobile manufacturing company with a diverse product portfolio of cars, trucks, buses, multi-utility, and defense vehicles.

Several communities consider these days as encouraging and do not refrain from making big-ticket purchases. Being a front-runner in driving India’s electric mobility goal, Tata Motors may get a significant share of the potential automobile sales in the upcoming days.

As a result, the shares of this company are expected to soar by around 8 to 10 percent in the next four to six months. As of 15 September 2023, Tata Motor’s shares are trading for Rs. 634.25 per share at the NSE and Rs. 634.15 per share at the BSE.

2. Maruti Suzuki India

Maruti Suzuki has been a dominant force in India’s automobile industry for several decades. It is engaged in the manufacturing and sale of cars, two-wheelers, and automobile spare parts. Some of India's best-selling Maruti Suzuki vehicles include the Alto, Swift, Baleno, WagonR, Ertiga, Dzire, and Burgman. It also sells commercial vehicles by the names Omni and Eeco Cargo.

You can invest in Maruti Suzuki’s shares with an investment horizon of around six months to get up to 10% returns. As of 15 September 2023, they were trading for Rs. 10,527.85 per share at the NSE and Rs. 10,525.25 per share at the BSE. In the last year, the shares have risen by 26%.

3. Titan Company

Investing in Titan Company’s stocks with an investment horizon of around six to eight months can give you approximately 15 to 20 per cent returns. It is one of India's leading consumer lifestyle companies with a diverse product portfolio, including watches, eyewear, perfumes, jewellery, and others. These products are sold under top brands, including Tanishq, Zoya, Mia, and Caratlane.

As of 15 September 2023, Titan Company’s stocks were trading for Rs. 3,248.60 per share at the NSE and Rs. 3,250.45 per share at the BSE. These shares returned around 14% during the last festive season despite the market slowdown. 

4. Asian Paints

It’s a common belief among Hindus that cleaning and painting your house before Diwali brings prosperity and good luck. This is the primary reason why the sale of paints and cleaning essentials goes up multiple times during this season. 

Asian Paints, a leading paint manufacturing company in India, is expected to get a lion’s market share of domestic paint and coatings sales. It also distributes products related to home décor, bath fittings, and interior designing, making it a multi-sector business. 

Investing in Asian Paint’s shares with an investment horizon of around three months can fetch you five to seven per cent returns. As of 15 September, they were trading for Rs. 3,196.65 per share at the NSE and Rs. 3,196.60 per share at the BSE.

5. Vedant Fashions

Vedant Fashions manufactures, trades, and sells ready-made men's and women's ethnic wear collections under the brand names Manyavar, Mohey, Mebaz, Twamev, and Manthan. The upcoming Diwali and wedding season will be the peak business months for this company. You can add its stocks to your portfolio to get around 10 to 12 per cent returns in the short term.

To conclude

Investing in these stocks can fetch good returns in the short term. However, as an investor, you should always conduct technical and fundamental analysis of stocks before investing your hard-earned money. Should you need a Demat account to invest, you can visit Motilal Oswal’s website and open it for free.


Related Articles: Stocks to Benefit From G20 Summit 2023Key Levels for Nifty and Finnifty for September 2023 | What is Cut Off Price In IPO Application 


Popular Stocks:  HDFC Bank share price | ICICI Bank Share Price | UPL Share Price | Tata Consumer Share Price | Divislab Share Price

  • Open your FREE Demat Account in 5 Minutes
Select State
Select City
By submitting your details, you are authorising us to call you or send promotional communication even though you may be registered under DND