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India’s wedding season is expected to drive gains in sectors like jewellery, retail, hotels and auto, providing an opportunity for stock market investors to capitalize on this trend. According to a study by the Confederation of All India Traders (CAIT), 48 lakh weddings are expected to take place in November and December, generating business worth nearly ₹6 lakh crore. This is much higher than the 35 lakh weddings that created ₹4.25 lakh crore worth of business last year. The increase in auspicious dates this year is expected to further boost spending.
In light of this, domestic brokerage Motilal Oswal Financial Services has suggested five stocks to buy for 10-15% returns in the next three to six months. These include Titan, Eicher Motors, Vedant Fashions, Safari and LemonTree.
Titan Ltd is expected to benefit from the increased demand for wedding jewellery following the reduction in customs duty. The company is also well-positioned to outperform other branded players in the market.
Eicher Motors, the parent company of Royal Enfield, is seeing a surge in demand for its motorcycles, driven by new launches and promotional activities. This is expected to continue in the coming months.
Vedant Fashions, the parent company of Manyavar, is expected to witness strong growth due to the higher number of wedding dates this season. The company’s expansion into newer categories also provides additional growth opportunities.
Safari, a luggage manufacturer, is expected to see an increase in revenue as demand bounces back during the festive season. The company’s new plant in Jaipur is also expected to boost revenue in the future.
Lemon Tree Hotels is expected to see strong growth in the second half of the fiscal year due to the stabilization of its new property in Mumbai, the wedding season, and favorable demand-supply dynamics. The company’s investments in renovations are also expected to improve its operational and financial performance.
Overall, the increase in wedding spending is expected to benefit these companies and provide opportunities for investors. However, it is important to consult with certified experts before making any investment decisions.