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25 lakh weddings to generate Rs 3 lakh crore business in one month; market expert Vikas Sethi picks these stocks as his favourites
As the wedding seasons is round the corner, around 25 lakh wedding is scheduled to take place between November and December 2021, said a Zee Business report.
As the wedding seasons is round the corner, around 25 lakh wedding is scheduled to take place between November and December 2021, said a Zee Business report. "This one-month period is also expected to see a gigantic Rs 3 lakh crore business during this period. In Delhi, around 1.5 lakh wedding is due during this period, and transactions worth Rs 50,000 crore is estimated to exchange hands," said Varun Dubey of Zee Business.
Since the wedding season is expected to garner massive Rs 3 lakh crore business in just one month, there are sectors and stocks that will also be in focus during this period.
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Talking about the demand, Zee Business research analyst Ashish Chaturvedi said the first sector to be benefited is hospitality. "Banquets halls have seen pent-up demand as 20% more bookings from pre-pandemic level (2019) has been registered. Banquets halls in major Indian cities are booked for at least three months," said Chaturvedi.
Talking about shares, he said Indian Hotel, Taj GVK Hotels, EIH, Oriental Hotels stocks are prominent ones to benefit. Besides, Nesco that also let out marriage hall is also likely to benefit, he said.
एक महीने में शादियां ही शादियां
शादियों से बाजार होगा गुलजार
शादियों का शेयर बाजार कनेक्शन
शेयरों की निकलेगी बारात
शादियों में करें शेयरों की खरीदारी
— Zee Business (@ZeeBusiness) November 17, 2021
Speaking about this demand, market expert Vikas Sethi said currently such is the demand that people are planning their wedding as per the availability of the venue and not just 'muhurat'.
Sethi picked Indian Hotel and Taj GVK as his favourites. "One can buy Indian Hotels for the target of Rs 300, while Taj GVK could be bought for Rs 225 target in 9 to 12 months. Both hotels have exotic range of hotels in premium wedding destinations and likely to benefit the maximum," said Sethi.
Varun Dubey said the clothing & apparels segment will be another important sector to focus during this period. Branded fashion players like Libas, Raymonds, Arvind Fashions, AB Fashion are likely to benefit the most, he said. Besides, Welspun India and Trident, that provides textile, should also be in focus, said Dubey.
Vikas Sethi picked two stocks—Raymonds and Siyaram Silk–from this space. "One can buy Raymonds for target of Rs 700 per share, while Siyaram Silk for target of Rs 600 apiece for one year, " said the analyst.
Devanshi Ashar identified jewellery segment that would benefit from the wedding season. She shortlisted Titan, Kalyan Jewellers and Thangamayil Jewellery to likely to benefit from this space.
Vikas Sethi said it is no brainer that Titan will get maximum advantage in this space. He suggested buying Titan for Rs 3,000 target in 9 to 12 months.
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