New Delhi: Because the stock market was seen extending their bull in the new Hindu calendar year which began on Thursday, analysts expect an increase in shares that will benefit from economic recovery in the third largest economy in Asia and sustainable regulatory crackdown in Chinese neighbors.
Diwali festivals are considered lucky to purchase everything from cars to apartments and even shares.
Brokers, who traditionally released picks for the new year this season, is the bullish this time in the middle name focused on reopening business activities and travel in India.
Here are some choices for analysts for the Seasonal Festival: Edelweiss Wealth Research * Indo Count Industries Ltd – Fabrics companies export 12% of all sheets imported by the US and have benefited from increased retail demand, driven by more people working.
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– Disruption in the Xinjiang China region, which accounts for 20% of world cotton production, is a great opportunity for Indian textile exporters.
* INOX LEISURE LTD – The second largest film screen operator in India benefits from oligopoly in business.
– The company is well placed to utilize strong pent-up requests.
– Hindi Language Drama “Soororiavanshi” collected Rs 5 Crore ($ 6.7 million) in two days since it was released on November 5 irrigation projects.
– The company also has construction equipment worth 12 billion rupees, which allows it to bid competitively for the project.
* Eid Parry India- The Murugappa Group Unit is one of the biggest sugar companies in India.
– The global deficit of Sugar strengthens the prospect of Indian sweetener manufacturers, while Eid al-Fitr also benefits from its focus on expanding retail products such as sweet care.
Cholamandal Securities * Tatva Chintan Pharma Chem- This company is a distributor of Indian single chemicals used in zeolite crystals for manufacturing detergents, air purifiers, and food supplements.
– Chinese crackdown in the chemical industry and the urge of the Indian government to develop through an incentive plan associated with beneficial production for the company.
* ABB India – The company is preparing an ecosystem charging station for electric vehicles in India, which is estimated to be an opportunity for $ 3 billion per year.
– Some state governments have announced special policies to support EV adoption and initiate tenders for charging stations.
Reliance Securities * Kalpataru power transmission.
– Kalpataru Power intends to monetize four transmission line projects in India and make a healthier balance sheet.
* Ramkrishna Forgings- This company is a major supplier of fake products for medium and heavy commercial vehicles, which are expected to witness a strong rebound in the fiscal year 2022 and 2023 after a sharp volume decreased in the previous two years.
– It also plans to diversify into passengers, light commercial vehicles and non-automatic engineering segments.
The following is the choice of Top Stocks analyst for the celebration season
