These are the festive stocks picked by Axis Securities for the coming festive season in next 3 months.
In our country India there is very much importance for festivals and these festivals will deliver good sales growth for so many companies across the industries. India’s one of leading stock broking and research firm Axis Securities released few stocks that are going to get benefited from this festive season as there will be huge demand and sales for so many companies. every company will try to encash this festive season in India. here we discuss in detail about axis securities picks and the important levels they mentioned.
Festive Stocks by Axis Securities:
1. Hindustan Unilever Ltd
Hindustan Unilever is India’s largest player in FMCG sector. this company is having huge portfolio with them in various segments such as personal care, Home care, foods & refreshments, nutritional products, water purifiers and many more which were associated in an common man daily life. this company has strong market presence across segments with their market leading brands such as Horlicks, Dove, Ayush, Pepsodent, Vim, Comfort, Magnum and many more.
Important Levels : As this stock is currently trading at Rs. 2785, given target of Rs. 3110. and upside expected movement is 12%.
2. Hero Motocorp Ltd
Hero Motocorp Ltd is India’s one of leading two wheeler company with the market share of 36% in two wheeler industry. after covid impact company is expecting recovery in this festive season. this company was well placed to get benefit from the demand revival post covid 2.0 in ligt of rural economic recovery. Covid has created the importance of personal mobility than the public and shared mobility. this demand will be definitely helpful in the recovery of Hero, and this company has apt portfolio that meets rural demand. compared to PV sales the two wheelers sales was more impacted by covid. so once recovery starts this company will deliver more than expected growth.
Also it would be great positive that this company is working more on electric vehicles and company is looking for expansion of their EV capacity and building strong distributor network. we can understand this company is going forward very aggressively as they acquired Ather and alliance with Taiwan’s Gogoro to build battery swappable charging stations across the country. Also company is planning to launch it’s electric vehicle E – Maestro by end of FY 22.
Important Levels : As this stocks is currently trading at Rs. 2849, mentioned target is Rs. 3400 and the expected upside movement is 19%.
3. SBI Cards & Payment Services Ltd
SBI Cards & Payment services ltd is engaged in the business of issuing credit cards and SBI cards is India’s 2nd largest player in Credit cards industry. this company has strong portfolio with suited products for different needs such as lifestyle, travel, fuel, shopping and banking partnership cards and cobranded cards. this company is expecting good growth in this festive season as spendings on credit cards will be increased.
Important Levels : As this stock is currently trading at Rs. 1047, mentioned target is Rs. 1210 and the expected upside movement is 15%.
4. Relaxo Footwear Ltd
Relaxo Footwear Ltd is the India’s largest footwear manufacturer in India, which deals in non rubber / EVA slippers, canvas, shoes, sport shoes, ssndals,scool shoes and many more in the footwear. This company has the strong portfolio with renowned brands like Relaxo, Sparx, Flite, Bahamas and many more. this company has strong distributor network and this company sells their products not only through the retailers and distributors and also through the e-commerce platforms. expecting good numbers growth in this festive season as everyone prefers to buy new footwear for the festivals.
Important Levels : As this stock is currently trading at Rs. 1162, mentioned target is Rs. 1290 and the expected upside movement is 11%.
5. Aditya Birla Fashion & Retail Ltd
Aditya Birla Fashion & Retail Ltd is emerged as India’s one of largest fashion retailer after the merger of all fashion subsidiaries of Aditya Birla Group. This company has a strong portfolio with renowned brands like Louis Philippe, Vanheusen, Pantaloons, Allen Solly, Forver 21, Polo, Hackett and many more. ABFRL forayed into Ethnic wear segment through strategic partnerships with Shantanu, Nikhil, Tarun tahliani and Sabyasachi. this company expecting this festive season will make them more effective in the market.
Important Levels : As this stock is currently trading at Rs. 214, the mentioned target is 250 and expected upside movement is 17%.
6. Safari Industries (India) Ltd
Safari Industries Ltd is engaged in the business of manufacturing and trading luggage and luggage accessories. this company has good portfolio that covering wide range including poly corbonate zippered luggage, this company will also offers various product categories such as laptop bags, normal luggage bags and many more. As aviation opened for all this company would get benefited, as well travel demand is picking up further this company has a potential to grow a lot. and this festive season will help this company to add more numbers.
Important Levels : As this stock is currently trading at Rs. 824, the mentioned target is 922 and the upside expected movement is 12%.
Conclusion :
All above festive stocks that we have discussed are purely based on the Axis Securities recommendtions in the view of coming festive season, these all stocks are not recommended for long term or intraday. so please do your own research before investing into any stock else take an advice from your financial advisor.
Disclaimer : The above all recommendations are from the individuals, working for ICICI Securities. please do your own research before investing else take an advice from your financial advisor.