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Best Diwali Picks: Best Stocks for Diwali 2024

Best Diwali Picks (Best Stocks for Diwali 2024)
Muhurat trading in 2024
Conclusion

Diwali 2024 is near and you like others are looking for lighting of money to buy some best stocks for Diwali 2024. Diwali festival has a tradition of buying many assets as a tradition. So this gives a boost to some specific sectors stocks. This Diwali you can get your best Diwali picks in the form of good returns stocks.

There are several sectors in which the Government has made clear intention to expand and develop for a sustainable future. Among them, a few sunrise sectors are Renewable Energy, EV, Semiconductors, Waste management, etc.

So today’s blog will explore the Best Diwali Stocks to Buy for the overlightening of happiness and money.

Best Diwali Picks (Best Stocks for Diwali 2024)

Renewable Sector Stocks

Company	P/E Ratio	1 Year Returns (%)	Market Cap (crore)
Renewable Sector Stocks
Tata Power Company Ltd.	38.1	84.9	Rs.1,39,892
NTPC Ltd.	18.6	76	Rs.3,99,260
KPI Green Energy Ltd.	52.4	190	Rs.10,258
Premier Energies	191	-	Rs.44120
Suzlon Energy Ltd.	101	116	93,578

EV Sector Stocks

Company	P/E Ratio	1 Year Returns (%)	Market Cap (crore)
EV Sector Stocks
Tata Motors	9.54	37.6	Rs.3,23,835
Olectra Greentech	121	54.1	Rs.13,532
Exide Industries	45.7	86.6	Rs.39,954

Electronics & Semiconductors Sector Stocks

Company	P/E Ratio	1 Year Returns (%)	Market Cap (crore)
Electronics & Semiconductors Sector Stocks
Dixon Technologies (India) Ltd.	209	176	Rs.90,229
CG Power & Industrial Solutions Ltd.	125	97.1	Rs.1,11,969
Tata Elxsi Ltd.	53.1	-7.67%	Rs.6967

Waste Management Sector Stocks

Company	P/E Ratio	1 Year Returns (%)	Market Cap (crore)
Waste Management Sector Stocks
Va Tech Wabag Ltd.	41.9	269	Rs.10,465
Antony Waste Handling Cell Ltd.	24.1	96.5	Rs.2,056
Eco Recycling Ltd.	84.6	257	Rs.1682

Tourism Sector Stocks

Company	P/E Ratio	1 Year Returns (%)	Market Cap (crore)
Tourism Sector Stocks
IRCTC	55.8	26.2	Rs.66,396
India Tourism Development Corporation Ltd.	77	40.4	Rs.5,059
Indian Hotels Co Ltd.	74	71.2%	Rs.95,158

Muhurat trading in 2024

One such day is Diwali, the day that has a specific time allotted to hold the stock exchanges known as Muhurat Trading, which means the ‘auspicious time’ in Sanskrit. Because of the planetary configuration, which many believe differs in several aspects and is a sign that prosperity is about to come, this period is considered to be good.

Muhurat Trading Will be held on the 1st of November, 2022 from 6:00 P.M to 7:00 P.M. Indian Standard Time.

Conclusion

So, this Diwali is a great chance to invest in sectors like Renewable Energy, EV, Semiconductors, Waste Management, and Tourism, which have been growing so strongly. Being in the government's development agenda, these best stocks for Diwali 2024 might be your best Diwali picks and are expected to yield good returns. Choose well and brighten up your portfolio this festive season!

As always, it is paramount to research and think through your investment strategy before making the decision.

Disclaimer

This blog is NOT any buy or sell recommendation. We do NOT advise/suggest/recommend anyone to involved or invest in stock buying/selling, or trading activities. Trading or buying or selling securities is a market risk-based activity. The data presented in this blog are at the time of writing this content (as of 24 October 2024) and can change with time. Investors should do research, and consult with their financial advisors before financial investments.