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Best Diwali Picks: Best Stocks for Diwali 2024
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Diwali 2024 is near and you like others are looking for lighting of money to buy some best stocks for Diwali 2024. Diwali festival has a tradition of buying many assets as a tradition. So this gives a boost to some specific sectors stocks. This Diwali you can get your best Diwali picks in the form of good returns stocks.
There are several sectors in which the Government has made clear intention to expand and develop for a sustainable future. Among them, a few sunrise sectors are Renewable Energy, EV, Semiconductors, Waste management, etc.
So today’s blog will explore the Best Diwali Stocks to Buy for the overlightening of happiness and money.
Best Diwali Picks (Best Stocks for Diwali 2024)
Renewable Sector Stocks
|
Company |
P/E Ratio |
1 Year Returns (%) |
Market Cap (crore) |
|
Renewable Sector Stocks |
|||
|
Tata Power Company Ltd. |
38.1 |
84.9 |
Rs.1,39,892 |
|
NTPC Ltd. |
18.6 |
76 |
Rs.3,99,260 |
|
KPI Green Energy Ltd. |
52.4 |
190 |
Rs.10,258 |
|
Premier Energies |
191 |
- |
Rs.44120 |
|
Suzlon Energy Ltd. |
101 |
116 |
93,578 |
EV Sector Stocks
|
Company |
P/E Ratio |
1 Year Returns (%) |
Market Cap (crore) |
|
EV Sector Stocks |
|||
|
Tata Motors |
9.54 |
37.6 |
Rs.3,23,835 |
|
Olectra Greentech |
121 |
54.1 |
Rs.13,532 |
|
Exide Industries |
45.7 |
86.6 |
Rs.39,954 |
Electronics & Semiconductors Sector Stocks
|
Company |
P/E Ratio |
1 Year Returns (%) |
Market Cap (crore) |
|
Electronics & Semiconductors Sector Stocks |
|||
|
Dixon Technologies (India) Ltd. |
209 |
176 |
Rs.90,229 |
|
CG Power & Industrial Solutions Ltd. |
125 |
97.1 |
Rs.1,11,969 |
|
Tata Elxsi Ltd. |
53.1 |
-7.67% |
Rs.6967 |
Waste Management Sector Stocks
|
Company |
P/E Ratio |
1 Year Returns (%) |
Market Cap (crore) |
|
Waste Management Sector Stocks |
|||
|
Va Tech Wabag Ltd. |
41.9 |
269 |
Rs.10,465 |
|
Antony Waste Handling Cell Ltd. |
24.1 |
96.5 |
Rs.2,056 |
|
Eco Recycling Ltd. |
84.6 |
257 |
Rs.1682 |
Tourism Sector Stocks
|
Company |
P/E Ratio |
1 Year Returns (%) |
Market Cap (crore) |
|
Tourism Sector Stocks |
|||
|
IRCTC |
55.8 |
26.2 |
Rs.66,396 |
|
India Tourism Development Corporation Ltd. |
77 |
40.4 |
Rs.5,059 |
|
Indian Hotels Co Ltd. |
74 |
71.2% |
Rs.95,158 |
Muhurat trading in 2024
One such day is Diwali, the day that has a specific time allotted to hold the stock exchanges known as Muhurat Trading, which means the ‘auspicious time’ in Sanskrit. Because of the planetary configuration, which many believe differs in several aspects and is a sign that prosperity is about to come, this period is considered to be good.
Muhurat Trading Will be held on the 1st of November, 2022 from 6:00 P.M to 7:00 P.M. Indian Standard Time.
Conclusion
So, this Diwali is a great chance to invest in sectors like Renewable Energy, EV, Semiconductors, Waste Management, and Tourism, which have been growing so strongly. Being in the government's development agenda, these best stocks for Diwali 2024 might be your best Diwali picks and are expected to yield good returns. Choose well and brighten up your portfolio this festive season!
As always, it is paramount to research and think through your investment strategy before making the decision.
Disclaimer
This blog is NOT any buy or sell recommendation. We do NOT advise/suggest/recommend anyone to involved or invest in stock buying/selling, or trading activities. Trading or buying or selling securities is a market risk-based activity. The data presented in this blog are at the time of writing this content (as of 24 October 2024) and can change with time. Investors should do research, and consult with their financial advisors before financial investments.
Author
Frequently Asked Questions
The above stocks from diverse sectors might be a considerable option because of the government's various initiatives
- Hi-Tech Pipes.
- Dee Development Engineers.
- HUDCO.
- L&T.
- Reliance Industries.
- SBI.
- Tata Motors.
One such day is Diwali, the day that has a specific time allotted to hold the stock exchanges known as Muhurat Trading, which means the ‘auspicious time’ in Sanskrit. Because of the planetary configuration, which many believe differs in several aspects and is a sign that prosperity is about to come, this period is considered to be good.
Muhurat Trading Will be held on the 1st of November, 2024 from 6:00 P.M. to 7:00 P.M. Indian Standard Time.
