Kotak shares 10 stocks to buy before festive season

As India gears up for the festive season, analysts have identified 10 stocks that may perform well, according to Kotak Securities. The festive season, which includes events like Ganesh Chaturthi, Navratri, Durga Puja, Dhanteras, and Diwali, is expected to drive higher consumer demand in various sectors. Factors such as resilient urban demand, strong employment conditions, and lower borrowing costs are anticipated to support discretionary spending during this period.

Additionally, e-commerce platforms and retailers are expected to ramp up promotional campaigns to stimulate sales across multiple categories, including smartphones, electronics, apparel, and home improvement products. Among the top 10 stocks to watch, M&M is expected to outperform in tractor and CV segments, while Eicher Motors is anticipated to benefit from its SUV segment growth and potential entry into the 250 cc segment.

Other stocks on the list include companies in the retail, consumer discretionary, automobile, hospitality, and financial services sectors, all of which are expected to experience growth during the festive season.