Diwali picks for stock:
Diwali is a very auspicious occasion for investing in the stock market. Amid rising crude oil price, weakening of rupee and other factors affecting the market, Diwali brings in hope and positivity and so it is very important to know the best diwali picks. Stock exchanges too have announced muhurat trading on Diwali i.e. the time believed to be auspicious to buy stocks. In this article, let us read about the top diwali stock picks. You can also do your own research on the best diwali stock picks before investing.
Top Diwali picks:
Adani Ports & Special Economic Zone Ltd:
APSEZ is consistently delivering growth with gaining market share (14.8% to 15.2% as on FY18). Healthy growth of container and cargo volumes coming in from the expansion plans are the key positives.
Ambuja Cements Ltd:
The demand momentum will continue to remain healthy due to focus by governments on construction of roads and affordable housing segment.
Hero MotoCorp Ltd:
The Company has a robust product pipeline of three new launches within the next 2-3 months and so volume growth to pickup well in the rural market. Given its strong brands and robust distribution network, HMCL is in a better position to benefit from any economic recovery.
Housing Development Finance Corp Ltd:
Improved affordability, low penetration levels, favorable demographics, urbanization are expected to work in favour of HDFC.
The company is expected to further leverage its strong brand building track record and pan India distribution channel to scale up the existing portfolio and also launch brand extensions. Hotel and paperboard business are on strong footing albeit at a lower base has potential to significantly contribute towards the bottomline in the coming years.
L&T Finance Holdings Ltd:
As the company continues to shift its focus from wholesale based lending to retail based lending, the overall margin trend to remain steady. The rising liquidity crisis is expected to slow down the wholesale segment but rural and housing to drive the growth forward for LTFH.
Oil & Natural Gas Corp Ltd:
The company has plans to achieve proper synergies like use of Naphtha and other liquid hydrocarbon with ONGC Petro-additions Ltd and to maximize value, optimize cost and enhance efficiency. Synergies in ONGC’s business and likely consolidation in downstream business with merger of HPCL will ensure uptick in growth for the company.
Power Grid Corp of India Ltd:
Strong project execution capabilities, history of meeting targets and high CWIP gives comfort on earnings visibility which could lead to strong cash flow and increased dividend pay-out.
Wipro should exhibit strong H2 in the fiscal on the back of large deals won in the recent past including its biggest ever Alight deal. Its inorganic strategy to fill the gaps in its effort to building digital capabilities to make it future ready appears to be working.
The NIMs were stable QoQ notwithstanding high capital consumption and the loan growth for the quarter was quite strong.
The best time to buy stocks is Diwali. Hope you will buy some of the diwali stock picks and enjoy the blessings of Goddess Lakshmi. Diwali is sure to bring in prosperity and good fortune. Happy investing!