The returns of the stock markets between Diwali last year and Diwali this year were not good. Experts say that the market is now ready to rise from its low level. This means that investing in good stocks now can yield great returns till Diwali next year. Devarsh Vakil of HDFC Securities says that the next one year will be good in terms of returns for shares. Expressed hope that Nifty will reach 26,400 by Diwali next year. He has advised to invest in three stocks.
This is a government company. It has an e-commerce and e-auction platform. It has a big role in digital coal auctions, vehicle scrappage and equipment leasing. The company’s focus is on capital expenditure. It will also benefit from data center expansion. Its earnings per share were Rs 27 in FY25. It is expected to increase to Rs 40 by FY27. On October 17, the stock fell 1.47 percent and closed at Rs 535. Devarsh Vakil believes that the share prices are currently attractive. He has given a target of Rs 673 for this. This means that this stock can give 24 percent return till next Diwali.
This is an NBFC, whose growth has been quite good. It also provides fund management and placement services in the retail credit segments. Its credit policies have been conservative. NPA management is quite good. The company’s profit is expected to reach Rs 580 by FY27. Net interest income (NII) is expected to reach Rs 1,800 crore. It is trading at only 1.2 times the book value. Devarsh Vakil has given a target of Rs 333 for this share. The stock fell 1.68 per cent to close at Rs 266 on October 17.
Sheela makes foam mattresses. Its Sleepwell and Kurlon brands are quite famous. The company has launched new brands like Tarang and Aaram targeting Tier 2 and Tier 3 cities. The company will benefit from increasing urbanization, improving lifestyle and increasing income of the people. The acquisition of CurlOne can also enhance margins and profit earning potential. The lawyer has said that this is a high risk high reward play. The company is moving towards stability after struggle. The company’s shares closed at Rs 666 on October 17 with a weakness of 0.61 per cent.