Produced by: Tarun Mishra
Designed by: Mohsin Shaikh
Market expert Avinash Gorakshakar, Head of Research at Profitmart Securities, spoke to Business Today TV about stocks that could see a potential upside during the festive season. Here are the stocks you might want to put on your radar.
Avinash Gorakshakar advised investors to explore companies such as Amara Raja Batteries and Sundram Fasteners within the auto ancillary sector. These companies were poised to benefit significantly from the expected upswing in automobile sales, driven by the festive season, he said
The financial expert highlighted stocks like V-Guard and Havells within the consumer durables segment. Avinash Gorakshakar underscored their robust product portfolios and foretold a substantial uptick in sales as consumers geared up for festive shopping, particularly in the home appliances category
According to Avinash Gorakshakar, Titan and Senco Gold are likely to shine as gold and jewellery sales are predicted to surge during festivals. He also drew attention to Senco Gold, which recently completed a successful IPO, positioning it as a compelling contender in this sector
Gorakshakar suggested investors consider retail stocks such as Aditya Birla Fashion, Trent, and Shoppers Stop. These companies are expected to flourish with the increase in foot traffic and heightened consumer spending during the festive season, he said
DMart, a retail giant renowned for its operational efficiency, is expected to witness heightened sales as consumers flocked to its stores for their festive purchases. Avinash Gorakshakar said, “I would not be surprised if the September quarter and then the December quarter come out very strong considering the kind of retail consumption, which is expected over the next couple of quarters.”
Avinash Gorakshakar emphasised that sugar stocks such as Balrampur Chini, Dhampur Sugar, and Triveni Engineering are well-positioned to benefit from the rising global sugar and ethanol prices, thereby presenting significant growth potential
Avinash Gorakshakar highlighted that real estate companies like DLF, Anant Raj, and Oberoi Realty have been experiencing a robust resurgence in demand. This makes them appealing investment options, especially during the festive season he said
Avinash Gorakshakar said that the recent market correction has presented an opportune moment for investors to consider investing in quality stocks, which were available at attractive valuations. This is providing an ideal environment for investors to build their portfolios strategically, he said
Avinash Gorakshakar said that in recent times, the market has experienced a significant correction primarily due to increased selling pressure, driven partly by concerns over the weakening rupee. Fresh inflows into the market have been limited. Inflation concerns also add to the headwinds. “You know, 19,000 is a very crucial level. I think this is a very strong support level and I don't think the markets would go below 19,200 or 19,300 odd levels,” he added
Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions