Automobile, apparel and electronics are among sectors that see a sales boost during the festival season, a time when investors expect gains in related stocks. This year could be different: Analysts have factored in all positives and do not expect such stocks to deliver lucrative returns.
"Indian households spend across sectors like automobiles, consumer durables, and consumer staples during the festival season.
Additionally, the wedding season boosts the jewellery, clothing, and catering sectors in the second half of any financial year. There may, however, be limited upside of about 5-10 per cent in select stocks, if any, as most positives are already priced-in," said Deepak Jasani, head of retail research, HDFC Securities.
Valuation issue Analysts don't expect auto stocks to gain much in the months ahead as passenger vehicle (PV) sales are constrained by high inventory and low demand.
This story is from the September 07, 2024 edition of Business Standard.
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This story is from the September 07, 2024 edition of Business Standard.
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