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Wedding Season Special: 15 recommended stocks that can directly benefit from record 25-lakh weddings in one month
The wedding season has begun with a bang amid relaxation of Covid-related guidelines.
The wedding season has begun with a bang amid relaxation of Covid-related guidelines. This time, there will be as many as 25 lakh weddings taking place in just one month. As per a report by Confederation of All India Traders (CAIT), an estimated 25 lakh weddings will happen in just one month between November 14 and December 13. The report further mentioned that this big fat Indian wedding season will generate business worth Rs 3 lakh crore from the sectors dependent on it. Hospitality, catering, textile and jewellery are all set to gain big from this season.
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(Disclaimer: The views/suggestions/advices expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.) Since these sectors will be benefited big time, many stocks belonging to these segments will also see action. From Indian Hotel, Taj GVK Hotels, Raymonds, Trident to Titan, we have identified 15 stocks that could see good gains due to this wedding season.
1. Indian Hotel
2.Taj GVK Hotels
5. NESCO Ltd
Hospitality is one of the sectors that would be benefitted directly. "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 Zee Business research analyst Ashish Chaturvedi talking about the demand.
Apparel & Clothing
8. Arvind Fashions
9. AB Fashion
10. Siyaram Silk
Since there is a huge demand for clothing during wedding season, leading fashion brands are also likely to do well. "Not just the bride and groom, but the entire family needs news clothes for weddings and this is going to create a huge demand with record 25 lakh wedding," said Zee Business research analyst Varun Dubey.
Textile stocks will be in focus as this industry provides raw material for clothing and apparels.
11. Welspun India
12. Trident Ltd
14. Kalyan Jewellers
15. Thangamayil Jewellery
You can't just do away with jewelleries as far as Indian weddings are concerned. "No matter how simple a wedding is, you can't just ignore jewelleries. Infact, shopping for jewelleries start much in advance of the wedding," says Devanshi Ashar of Zee Business.
(Disclaimer: The views/suggestions/advices expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)
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