Buy these 'Kuber' stocks this Diwali, your coffers will be filled!
Buy these 5 'Kuber' stocks this Diwali: Market experts and brokerage firms have advised investing in certain stocks this Diwali. These stocks belong to strong companies and are expected to generate good returns in the future. Experts say that this auspicious occasion of Diwali could be a good time to improve your portfolio.
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Many people invest in the stock market during Diwali. If you too want to make good profits, the brokerage firm has released a list of four excellent stocks that can enhance the shine of your portfolio.
The first 'Kuber' stock on this list is Power Finance Corporation. Experts believe that this stock can deliver the highest return, i.e., around 26.6%. Its current price is around ₹397, and experts have set a target of ₹502 for it.
Devarsh Vakil, Research Head at HDFC Securities, has described MSTC as a good investment. This government company operates in sectors such as coal auctions, scrappage (with Mahindra), and equipment leasing. He has set a target price of Rs 673 for MSTC, which could yield a return of approximately 24% over the next year.
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Devarsh Vakil has placed a bet on Northern Arc, a fast-growing NBFC. Its strong technology, strict credit policies, and low NPAs could benefit it in situations such as interest rate cuts and liquidity improvements. According to Vakil, the company's valuation is only 1.2x book value, which is quite cheap. He has set a target price of Rs 333 for this stock, which could be achieved by next Diwali.
The fourth bullish stock is Sheela Foam, the parent company of brands such as Sleepwell and CurlOn. According to Vakil, the company is now gradually moving towards stability and is targeting tier-2 and tier-3 cities. Vakil believes this is a high-risk, high-return stock that could become an "alpha generator" for portfolios in the future.
At No. 5 is HDFC Life Insurance. If you're looking for safe and high returns, you can invest in this. Brokerage firm Religare Broking says this stock could show growth of up to 17%. Its current price is ₹744, and the target is ₹870.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice. Hind First news encourage our readers and viewers to consult their financial advisors before making any financial decisions.
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