Special wedding season: 15 recommended actions that can directly benefit from record marriages at 25 lakhs in a month
The wedding season has started with a bang amid the easing of guidelines related to Covid. This time, up to 25 lakh weddings will take place in just one month. According to a report by the Confederation of All Indian Traders (CAIT), around 25 lakh weddings will take place in just one month between November 14 and December 13. The report further mentions that this great Indian wedding season will generate business worth Rs 3 lakh. crore sectors that depend on it. The hotel industry, catering, textiles and jewelry are poised to gain big this season.
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(Disclaimer: The views / suggestions / advice expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult their investment advisers before making a financial decision.) As these sectors will benefit greatly, many stocks belonging to these segments will also see action. From Indian Hotel, Taj GVK Hotels, Raymonds, Trident to Titan, we’ve identified 15 stocks that could see good gains due to this wedding season.
1. Indian hotel
2.Taj GVK Hotels
4. Oriental hotels
5. NESCO SA
The hotel industry is one of the sectors that would benefit directly from this. “Banquet halls have seen pent-up demand as 20% more bookings than pre-pandemic (2019) levels have been recorded. Banquet halls in major Indian cities are booked for at least three months,” said Ashish Chaturvedi, analyst at Zee Business. Requirement.
Clothes and clothing
8. Arvind fashion
9. AB mode
10. Siyaram silk
Since there is a huge demand for clothes during wedding season, big fashion brands are also likely to do well. âNot just the bride and groom, but the whole family needs new clothes for weddings and this is going to create a huge demand with a record marriage of 25 lakh,â said Varun Dubey, analyst at Zee Business.
Textiles stocks will be the center of attention, as this industry provides raw materials for clothing and apparel.
11. India welspun
12. Trident SA
14. Kalyan Jewelers
15. Thangamayil jewelry
You can’t just go without jewelry when it comes to Indian weddings. âNo matter how simple a wedding is, you can’t ignore jewelry. In fact, buying jewelry starts long before the wedding,â says Devanshi Ashar of Zee Business.
(Disclaimer: The views / suggestions / advice expressed here in this article are solely by investment experts. Zee Business suggests that its readers consult their investment advisers before making a financial decision.)