Festive Investment Idea on Zee Business: Today marks the beginning of one of the most popular and widely celebrated festivals in India - Navratri. On this occasion, Zee Business has made special arrangements for its viewers wherein experts will give 'festive investment idea (FII)' twice daily - at 9:15 am and 2:15 pm. Let's have a look at today's picks:

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Associated Alcohol and Breweries Limited (NSE: ASALCBR)

The company is in the business of contract manufacturing and bottling of liquor. Its main focus is on extra neutral alcohol (ENA) Indian Made Indian Liquor, Indian Made Foreign Liquor and hand sanitizer. The company manufactures liquor for United Spirits Limited or USL, the world's second-largest spirits company by volume, under a contract. Apart from this, Associated Alcohols has spirit brands in its own portfolio and has a strong presence in around five states. 

According to Zee Business analyst Ashish Chaturvedi, the reason behind giving a call to buy this stock is that the company recently completed its expansion for which it had finalised a capex of Rs 120 crore last year. The commercial operations under this expansion will begin this quarter. They have expanded their manufacturing capacity by 3 crore litre. Therefore, sales and margin are likely to increase in the coming days and also there will be a considerable increase in the bottom line of the company. Also, it is a debt-free company. 

Zee Business Managing Director Anil Singhvi, the company has a very strong growth outlook as it has already completed its expansion plan. "The sales of the company are around Rs 830 crore and next year it can go up to Rs 1,000 crore. In the next 3-5 years, this sector is going to register the strongest growth in this sector. This is why one must have stock of this sector in your portfolio," Singhvi added.

Associated Alcohol Share Price Target - Rs 700-750 (1 Year) 

Singhvi emphasized that one should hold this stock for the next 3-5 years and can expect the target of Rs 1,000 to 1,200. He also advised investors to buy this share when the market is showing some correction. 

Metro Brands

Hemang Jani of Motilal Oswal Financial Services Ltd recommended Metro Brands. Jani said that Metro Brands is a good pick this Navratri. He said that the brand has a good presence in both casual and formal footwear categories.

"Considering all these factors, I think Metro Brands can offer a very good return," Jani added.

Metro Brands Share Price Target - Rs 1,000 (1 Year)