Diwali ‘the festival of lights’, is one of the most looked forward festivals in our country. Generally, “Diwali” is synonymous with everything good there is – food, festivities & tradition. It is the time of the year for many auspicious beginnings and significant events. It is also the time of the year when we wouldn’t mind splurging on buying gifts for ourselves and our family. Who would want to miss out on the festive sale right? But there is a bigger gift you can actually give your family! Future Returns.
Just like how a diya lights a thousand other diyas, a good investment can improve the lives of our family and the generations after us. This Diwali gift yourself and your family a financially secure future by investing in stocks. Here is a list of the AxisDirect Diwali Picks 2019.
Muhurat Picks Samvat 2076
- Hindustan Unilever: Acquisition gains to accrue driving ~18% EPS CAGR over FY19-21E led by steady volume growth, continued premiumization trend and leveraging data analytics.
- Kotak Mahindra Bank: KMB is well positioned due to higher capitalization, a strong liability franchise and benign asset quality, which would allow it to gain further market share.
- ICICI Bank: Amongst the largest private banks in the country with strengthening liability franchise, moderation in credit costs and improving asset quality to sustain strong performance.
- Asian Paints: Per capita, paint consumption of 4/kg annually in India offers a huge penetration scope for the decorative paint industry led by Asian Paints with 53% market share.
- HCL Technologies: Strong deal wins along with a healthy outlook for BFSI and IMS; Management’s guidance of 14-16% annual growth.
- SBI Life Insurance: Play on the under-penetrated Indian life Insurance market along with improving protection share and margins to drive earnings.
- Dr. Reddy’s Lab: With gaining traction in domestic biz., key launches in the US market coupled with cost rationalization benefits will translate strong earnings growth over FY19-21E.
- Aarti Industries: Pharma segment to report consistently higher growth alongside multi-year deal wins that could offset the near term growth concerns.
- Mindtree: Change in Leadership; An Industry leader in digital space with a robust order book.
- RITES: RITES presents value for investors due to its strong and diversified order book, association with MoR, healthy financials, high dividend payout, and attractive valuations.
- Dixon Technologies: Leading cost-efficient EMS player servicing established consumer durable brands across various segments.
- Lumax Industries: Lumax Industries, promoted by SC Jain group, is the market leader in Indian Automotive lighting systems with nearly 60% market share in the PV and two-wheeler segment.
This Diwali may be the right time to put your hard-earned money into investing in equity with the AxisDirect Diwali picks 2019. We wish you a happy and prosperous life this festive season and hope your investments bring you good returns. Happy Diwali!