Holi Special: Anil Singhvi’s colour code spots rang jamane waale stocks and rangeen picks — SBI, Vedanta on radar

As markets remain choppy and stock-specific moves dictate returns, Zee Business Managing Editor Anil Singhvi has marked Holi with a distinctive way of reading the market — by sorting stocks based on how much “colour” they still have left for investors.

The idea, Singhvi says, is simple. Some stocks continue to add colour to portfolios year after year. Some look bright but change shade too quickly. And a few may appear exciting but can leave investors drenched if timing goes wrong.

'Rang Jamaane waale' stocks

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At the top of Singhvi’s list are what he calls “rang jamane waale” stocks — companies that lead their sectors and have delivered strong, long-term returns.

One such name is BSE Ltd. Structural growth in market participation has worked in its favour, particularly the sharp rise in derivatives trading. With volumes climbing and margins staying strong, the stock has emerged as a long-term compounder rather than a trading bet.

Vedanta also finds repeated mention. Singhvi points to its diversified business model, steady cash flows and dividend profile as reasons why it continues to stand out across market cycles.

Among financials, Union Bank of India and Aditya Birla Capital feature for their improving balance sheets and expanding presence across lending and financial services.

Consistent ‘rangeen’ performers

Some stocks may not grab headlines every week but quietly deliver returns. Singhvi places companies like Mahindra & Mahindra, Indian Hotels Company and Mazagon Dock Shipbuilders in this category.

These businesses, he says, have shown resilience across cycles and rewarded patient investors without dramatic swings.

Vedanta, the ‘rangon ka raja’ stock

Singhvi singles out Vedanta as the “rangon ka raja”. Strong cash generation, exposure to multiple commodities and shareholder-friendly payouts have helped the stock maintain its appeal even during volatile phases.

The ‘king’ stocks

In large-cap territory, State Bank of India earns the tag of “SBI King” for its scale, profitability and leadership in the banking system. Names such as Hindustan Zinc and Divi’s Laboratories are also seen as businesses with enduring strength.

Stocks that change colour quickly

Singhvi cautions investors about “rang badalte huye” stocks — companies where prices move sharply on news flow.

Gokaldas Exports is described as a winner in this category, but one that is highly sensitive to developments. Others in this bracket include Coforge, Vodafone Idea and ABB India.

‘Pichkaari’ trades: High beta, high risk

Some stocks, Singhvi says, are like pichkaaris — exciting, fast-moving and risky. Kaynes Technology and Angel One fall into this category, where timing matters as much as conviction.

Hindustan Aeronautics stands out as a relative winner, though Singhvi still advises caution given the volatility.

‘Gubaare’ stocks: Valuations stretched

Finally, Singhvi flags “gubaare” stocks — companies where valuations appear inflated and expectations are already high. Trent, Dixon Technologies and Tata Elxsi fall into this bucket.

What investors should take away

Singhvi’s Holi message is clear: markets reward discipline, not excitement. Investors should stick with stocks that retain their colour across cycles, be selective with high-beta names and avoid chasing overvalued stories — especially in volatile times.