Diwali 2024 is here, and with it comes the start of a new Samvat—a time when investors traditionally look to refresh their portfolios and plan for a prosperous year ahead.
To help you make the most of this auspicious period, we’ve identified six top stocks that could deliver strong returns as the markets gear up for the new Samvat year.
Let’s explore these picks that could brighten up your investment journey this Diwali.
Read More: What is Muhurat Trading?
6 Stocks to Buy in Diwali 2024
- Dabur India
Dabur India Ltd. is one of the leading FMCG companies in India, known for its strong portfolio in Ayurveda and natural health products. It has a robust presence in personal care, health supplements, and food products.
Over the years, Dabur has shown consistent revenue growth, supported by its diversified product line and strong rural market reach.
The stock is generally seen as a stable performer, appealing to investors seeking long-term growth and steady returns.
Details:
Market Cap: ₹95,926 Cr
PE Ratio: 51.00
PB Ratio: 9.72
Dabur’s Historical Performance:
See the stock’s current performance here.
- Hindustan Foods
Hindustan Foods Ltd. is a contract manufacturer in the FMCG sector, producing a wide range of consumer products for leading brands. It has benefited from the increasing trend of outsourcing in the FMCG industry, leading to robust revenue growth.
The stock has shown impressive performance in recent years, driven by strategic expansions and acquisitions, making it an emerging player in the Indian manufacturing space.
Details:
Market Cap: ₹6,753 Cr
PE Ratio: 70.00
PB Ratio: 11.84
Hindustan Food’s Historical Performance:
See the stock’s current performance here.
- Trent
Trent Ltd. is a part of the Tata Group, primarily known for its retail operations, including Westside, Zudio, and other retail formats.
The company has demonstrated strong growth in the organized retail segment, with a focus on expanding its presence across India.
Trent’s stock has been a strong performer, reflecting its consistent store expansions and the growing demand in India’s retail market, making it a favored pick among investors focused on the retail sector.
Details:
Market Cap: ₹2,66,466 Cr
PE Ratio: 212.00
PB Ratio: 65.51
Trent’s Historical Performance:
See the stock’s current performance here.
- Britannia Industries
Britannia Industries is a leading player in India’s food and bakery segment, known for its popular biscuit brands and dairy products. The company has a strong market presence and an extensive distribution network.
Britannia has shown steady growth in revenue and profitability, driven by its strong brand equity and innovation in the product line. The stock is typically considered a solid investment for those looking for steady growth in the FMCG sector.
Details:
Market Cap: ₹2,66,466 Cr
PE Ratio: 212.00
PB Ratio: 65.51
Trent’s Historical Performance:
See the stock’s current performance here.
- Reliance Industries
Reliance Industries Ltd. (RIL) is one of India’s largest conglomerates, with a diverse business portfolio that spans energy, petrochemicals, retail, and digital services through Jio. It has shown significant growth in recent years, especially with its expansion in the retail and telecom segments.
RIL’s stock has been a strong performer, often considered a bellwether for the Indian market due to its scale and influence, attracting both domestic and international investors.
Details:
- Market Cap: ₹18,52,730 Cr
- PE Ratio: 27.00
- PB Ratio: 2.26
Reliance Industries’ Historical Performance:
See the stock’s current performance here.
- Tata Motors
Tata Motors Ltd. is a leading automotive manufacturer in India, known for its commercial vehicles as well as passenger cars, including the iconic Jaguar Land Rover (JLR) brand.
The company has faced volatility in the past due to challenges in the global auto market, but recent efforts in electric vehicle (EV) development and improved performance in the domestic market have provided a boost.
Tata Motors stock has seen a resurgence, driven by optimism around its EV portfolio and recovery in the Indian auto sector.
Details:
- Market Cap: ₹3,23,835 Cr
- PE Ratio: 10.00
- PB Ratio: 4.47
Tata Motors’ Historical Performance:
See the stock’s current performance here.
Conclusion
With Diwali 2024 and the new Samvat bringing fresh hope and energy to the markets, investing wisely can light up your financial future.
These six stocks present a blend of stability and growth potential, making them solid choices for the year ahead.
As you celebrate the festival of lights, let your investments illuminate the path to prosperity in the new Samvat year.
Happy Diwali and Happy Muhurat Trading!
