These 6 shares can bring huge income on Diwali, expert told the reason for the rise

The festival of Diwali also brings a happy occasion for investors. According to an ET report, this time Anand Rathi Investment Services, based on its research, has suggested six such special stocks, which can see good profits in the next one year. These companies have been selected keeping in mind their strong business model, better market position and potential for growth in the future.

Shakti Pumps India Ltd

Shakti Pumps is a leading company in the solar pump market in India. Under the government’s PM-KUSUM scheme, the demand for solar pumps is expected to increase, which will benefit the company. Besides, the company is also venturing into new areas like electric vehicle motors by increasing its production capacity and technical efficiency. This means that this stock may rise by up to 29%. The brokerage has given the target price of the stock at Rs 1050 for the purchase of Rs 815.

Tilaknagar Industries

Tilaknagar Industries is the country’s leading brandy manufacturing company. Brokerage firm Anand Rathi said that due to increasing premium and diverse products, its demand in the market is continuously increasing. The company has recently made some important acquisitions and has also increased its production capacity, which will help in reducing costs and increasing profits. This stock can give a gain of up to 28% for investors. The brokerage has given the target price of the stock at Rs 580 for the purchase of Rs 454.

BlackBuck Ltd

BlackBuck is a digital trucking platform that is growing rapidly. Its model is asset-light, meaning the company does not require large investments. Its many platforms like loading marketplace, payments and telematics make it strong. Blackbuck’s rapid growth in India’s digital logistics sector can take the company’s shares up by 26%. The brokerage has given the target price of the stock at Rs 860 for the purchase of Rs 684.

Fiem Industries Ltd

FEM Industries is growing rapidly in automotive components, especially in the lighting sector. The company has increased its production capacity and is also receiving new orders for electric vehicles. Moreover, due to technological advancement and new range of products, Fem’s business is likely to grow by 15-20% in the next 12 months. This share can give potential returns of up to 26% to investors. The brokerage has given the target price of the stock at Rs 2,450 for the purchase of Rs 1,941.

BSE Ltd

BSE Limited is the oldest and leading stock exchange of India. There has been a record growth in derivatives trading in the last few months, and IPO activity has also remained strong. This has improved the company’s income and it remains the market leader in raising capital. Due to these reasons, BSE shares may rise by up to 18%. The brokerage has given the target price of the stock as Rs 2800 for purchasing Rs 2,380.

Avenue Supermarts Ltd (Dmart)

DMart i.e. Avenue Supermarts has become a trusted name in the retail sector. The company has expanded its stores rapidly and is performing well in offline as well as online shopping. The special thing is that DMart is strengthening its hold in non-metro cities also, due to which along with increasing sales, profits are also improving. Due to this, the company’s shares are expected to rise by 16%. The brokerage has given the target price of the stock as Rs 5,000 on the purchase of Rs 4,328.