The post-Diwali rally offers great opportunities for Indian investors to invest wisely in the stock market. According to the Hindu calendar, the end of the Diwali festival marks the beginning of a new year and this auspicious period is called Samvat. In India, the Samvat period is widely regarded as the best time of the year to start making new investments. These are the top seven stocks to consider buying after Diwali if you are an Indian investor:
Reliance Industries Limited is one of the largest corporations in India and also the world. RIL dominates the Indian market in some of the biggest sectors like petroleum, telecommunications, retail, digital and renewable energy. This also makes RIL one of the top stocks in the Indian stock market. Each sector in RIL offers promising stock options. In the telecom sector, Jio is one of the best stocks worth investing in. In the digital and retail sectors, Reliance Digital and Reliance Trends are two excellent stocks you can consider purchasing after Diwali.
For over a decade, HDFC Bank has been one of the top players in the Indian banking sector. Since its establishment, HDFC Bank has been focusing on providing a wide range of banking and financial services like savings accounts, credit cards, loans, fixed deposits and mutual funds. In the past few years, HDFC Bank has focused on improving its customer support and digitizing its services. The loans and mutual funds portfolios are the best stocks of HDFC Bank that are worth considering during the Samvat period.
TCS is a well-known IT company that has been a great contributor to India’s economy since its inception. The company is mainly known for its cloud services and developments in AI tools. In the auspicious period after Diwali, the major IT companies in India usually increase their budgets for different projects, and so, this provides a wonderful opportunity for Indian investors to make a wise investment in the stock market.
Widely regarded by many as the best Indian automobile brand, Maruti Suzuki has been generating profits every financial year along with great customer satisfaction. As per recent trends in the automobile sector, the company’s profits usually tend to peak in the Samvat period every year due to increased car sales after Diwali. Maruti Suzuki has also become a pioneer in popularising electric vehicles in India along with launching them at very affordable prices. If you are looking for a wise post-Diwali investment option in the automobile sector, Maruti Suzuki is worth watching out for.
L&T is one of the most in-demand brands in the infrastructure sector. With the announcement of various public infrastructure projects in the coming years in India, L&T can plan to maximize its profits by taking up several government-funded contracts. Also, the real estate boom in India presents a fantastic opportunity for L&T to consolidate its position in the civil engineering sector. In the post-Diwali rally, investing in L&T’s stocks can turn out to be potentially profitable for Indian investors.
The auspicious time after Diwali presents amazing investment opportunities for Indian stock market investors. Investing in the stock market doesn’t always guarantee you profits but the choices of stocks can make a huge difference in the end. Well-established brands like RIL, HDFC Bank, TCS, Maruti Suzuki and L&T have diversified portfolios that have always turned out to be very profitable. However, constant market research and monitoring of stock prices are also fundamental for Indians to become successful investors.