The stock market returns between last Diwali and this year’s Diwali were poor. Experts say that the market is now moving towards recovery from its low level. This means that investing in good stocks now can yield great returns till next Diwali. Devarsh Vakil of HDFC Securities says that next year will be good for the returns of shares. He expects Nifty to reach 26,400 by next Diwali. He recommends investing in three stocks.
mstc
It is a government owned company. It operates an e-commerce and e-auction platform. It plays a major role in digital coal auction, vehicle scrappage and equipment leasing. The company is focused on capital expenditure and will also benefit from data center expansion. Its earnings per share in FY2025 were ₹27. It is expected to increase to ₹40 by FY 2027. The stock closed 1.47% lower at ₹535 on October 17. Devarsh Vakil believes that this share price is currently attractive. He has set a target price of ₹673. This means that by next Diwali this stock can give a return of 24%.
Northern Arc
It is an NBFC with a strong growth rate. It also provides fund management and placement services in the retail credit segment. Its credit policies have been conservative and NPA management is quite good. The company’s profit is expected to reach ₹580 by FY27. Net interest income (NII) is expected to reach ₹1,800 crore. It is trading at just 1.2 times its book value. Devarsh Vakil has set a target price of ₹333 for this stock. On October 17, the stock closed 1.68% lower at ₹266.
sheila foam
Sheela makes foam mattresses. Its Sleepwell and Kurlon brands are famous. The company has launched new brands like Tarang and Aaram targeting Tier 2 and Tier 3 cities. The company will benefit from increasing urbanization, better lifestyle and increasing income. The acquisition of Curlen could also enhance margins and profitability. The lawyer said it was a high-risk, high-profit deal. After a period of struggle, the company is moving towards stability. The company’s shares closed at Rs 666 with a decline of 0.61 percent on October 17.
The stock market returns between last Diwali and this year’s Diwali were poor. Experts say that the market is now moving towards recovery from its low level. This means that investing in good stocks now can yield great returns till next Diwali. Devarsh Vakil of HDFC Securities says that next year will be good for the returns of shares. He expects Nifty to reach 26,400 by next Diwali. He recommends investing in three stocks.
mstc
It is a government owned company. It operates an e-commerce and e-auction platform. It plays a major role in digital coal auction, vehicle scrappage and equipment leasing. The company is focused on capital expenditure and will also benefit from data center expansion. Its earnings per share in FY2025 were ₹27. It is expected to increase to ₹40 by FY 2027. The stock closed 1.47% lower at ₹535 on October 17. Devarsh Vakil believes that this share price is currently attractive. He has set a target price of ₹673. This means that by next Diwali this stock can give a return of 24%.
Northern Arc
It is an NBFC with a strong growth rate. It also provides fund management and placement services in the retail credit segment. Its credit policies have been conservative and NPA management is quite good. The company’s profit is expected to reach ₹580 by FY27. Net interest income (NII) is expected to reach ₹1,800 crore. It is trading at just 1.2 times its book value. Devarsh Vakil has set a target price of ₹333 for this stock. On October 17, the stock closed 1.68% lower at ₹266.
sheila foam
Sheela makes foam mattresses. Its Sleepwell and Kurlon brands are famous. The company has launched new brands like Tarang and Aaram targeting Tier 2 and Tier 3 cities. The company will benefit from increasing urbanization, better lifestyle and increasing income. The acquisition of Curlen could also enhance margins and profitability. The lawyer said it was a high-risk, high-profit deal. After a period of struggle, the company is moving towards stability. The company’s shares closed at Rs 666 with a decline of 0.61 percent on October 17.
