Wedding Stocks: Wedding season is going on in the country these days and during November-December, a total of 48 lakh weddings are expected across the country, due to which a business worth Rs 6 lakh crore will be seen. In such a situation, the question arises that who are those companies which will benefit from this wedding season. Motilal Oswal Wealth Management has suggested the names of five such stocks to the investors in which investors should invest because these companies can get big benefit in this wedding season.
According to Motilal Oswal Wealth Management, about 48 lakh marriages are taking place in November-December this year. Due to the huge number of weddings, a business worth Rs 6 lakh crore can be done. Whereas last year only 38 lakh marriages took place and business worth Rs 4.7 lakh crore was done. It is estimated that 4.5 lakh marriages will take place in Delhi city alone in November-December.
In its note, Motilal Oswal Wealth Management said, due to large number of marriages taking place, jewellery, retail, hotels and auto sectors will be profitable. In such a situation, Motilal Oswal Wealth has selected five such companies which will show better performance in the short to medium term i.e. 3-6 months. Motilal Oswal Wealth has advised to invest in these stocks for a rise of 10 to 15 percent and has given equal weightage of 20 percent to all 5 stocks.
titan
The first name in this is that of Tata Group company Titan. According to Motilal Oswal Wealth, after the reduction in custom duty on gold, wedding jewelery demand started increasing and the demand may continue to increase for the next two months. Due to its better competitive positioning, Titan has consistently performed better than other branded players. Titan’s share is currently trading at Rs 3248.
Eicher Motors
Due to the new launch of Royal Enfield of auto company Eicher Motors, the demand seems to be better than before the festive season. The availability of all models has increased and the interest of consumers has increased due to increased promotional activities. Is. Eicher Motors share is currently trading at Rs 4848.
Vedanta Fashions
The dates of the wedding season starting from November 2024 will remain for a longer period, which will greatly benefit Vedant Fashions. With the expansion of Manyavar, the company has a big opportunity to achieve growth. Launch of new categories will bring additional growth. The share of Vedanta Fashions is currently at Rs 1431.
safari
Safari will also benefit from the wedding season and an increase in revenue is expected. Earlier in the quarter, demand was affected due to heatwave. The greenfield plant in Jaipur will provide an additional boost to revenue in the third quarter of the financial year 2024-25. Safari’s share is trading at Rs 2535 in the session of 29 November.
Lemon Tree Hotels
According to Motilal Oswal Wealth, Lemon Tree Hotels will also benefit from the wedding season and due to the wedding season and demand-supply dynamics, there will be strong growth in the second quarter. According to the note, the company will benefit from investment in renovation. The stock of Lemon Tree Hotels is currently at Rs 130.
Disclaimer: (The information provided here is for informational purposes only. It is important to note here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. ABPLive.com It is never advised for anyone to invest any money here.)
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