Light Up Your Portfolio: Diwali 2023 Watchlist Featuring 7 Stocks

Deep diving in Sparkling Returns and Business Profiles of the Chosen Stocks

As Diwali 2023 approaches, investors are eager to illuminate their portfolios with stocks that promise growth and prosperity. To make well-informed investment decisions, let's take a closer look at seven carefully chosen stocks and their past one-year stock returns, spanning from October 27, 2022, to October 27, 2023. 

1. Senco Gold & Diamonds Limited - Current Market Price: Rs 660.95
Senco Gold Limited is a Pan-India jewellery retailer and is the largest organized jewellery retail player in the Eastern region of India based on the number of stores. Senco Gold & Diamonds Limited made an impressive entry into the stock market when it was listed on July 14, 2023. Since its listing, the stock has witnessed a meteoric rise, with returns of approximately 62.71 per cent as of October 27, 2023.  

2. Polycab India Limited- Current Market Price: Rs 4937.45
Polycab is India’s leading manufacturers of cables and wires and allied products such as uPVC conduits and lugs and glands. POLYCAB showed resilience and growth in a challenging market environment. Over the past year, the stock saw a substantial rise of around 79.45 per cent. 

3. Tata Motors Limited- Current Market Price: Rs 628.5
Tata Motors, one of India's leading automobile manufacturers, has seen its overall auto sales volume increase, with electric vehicle (EV) sales volume on a high growth trajectory. TATAMOTORS managed to rebound, recording a notable growth of nearly 57.17 per cent. 

4. Cera Sanitaryware Ltd- Current Market Price: Rs 8524
Cera Sanitaryware Ltd. specializes in a wide range of sanitaryware, faucet ware, bath accessories, kitchen sinks, mirrors, ceramic tiles, and modular kitchens, serving mass, mid, premium, and luxury categories. Over the past year, Cera Sanitaryware showcased a steady uptrend, with returns of approximately 56.14 per cent. 

5. Dixon Technologies (India) Ltd- Current Market Price: Rs 5103.85
Dixon Technologies (India) Limited is a home-grown, design-focused company engaged in manufacturing consumer durables, lighting, and mobile phones in India. During the past year, the stock registered impressive growth, with returns of about 21.86 per cent. 

6. Parag Milk Foods Ltd - Current Market Price: Rs 203.1
Parag Milk Foods, a major name in the dairy industry, specializes in the development and promotion of 100 per cent fresh cow’s milk and milk products under international brand names. Over the past year, the stock witnessed a solid performance, delivering returns of nearly 90.66 per cent. 

7. Cholamandalam Investment and Finance Company Ltd - Current Market Price: Rs 1155.65
Cholamandalam Investment and Finance Company Ltd. is a diversified non-banking finance company in India, engaged in providing vehicle finance, home loans, and Loan against property. Over the past year, the stock maintained its upward momentum, with remarkable returns of approximately 62.84 per cent. 

As we approach Diwali, a festival symbolizing the triumph of light over darkness, these stocks offer a glimmer of hope for investors seeking to brighten their financial future. May your investments shine as brightly as the festival of lights itself. 

Disclaimer: The article is for educational purposes only and not investment advice.