Diwali Stocks: You can get huge profits till Diwali next year! Know which 3 stocks can make you the owner of lakhs

The stock market returns between last Diwali and this year’s Diwali were poor. Experts say that the market is now moving towards recovery from its low level. This means investing in good stocks now can yield good returns till next Diwali. Devarsh Vakil of HDFC Securities says next year will be good for equity returns. He expects Nifty to touch 26,400 by next Diwali. He recommends investing in three stocks. MSTC is a state-owned company. It operates an e-commerce and e-auction platform. It plays a major role in digital coal auction, vehicle scrapping and equipment rental. The company is focused on capital spending and will also benefit from data center expansion. Its earnings per share in FY2025 was ₹27. It is expected to rise to ₹40 by FY 2027. The stock closed 1.47% lower at ₹535 on October 17. Devarsh Vakil believes that this share price is currently attractive. He set a target price of ₹673. This means that this stock can give a return of 24% by next Diwali. Northern Arc It is an NBFC with a strong growth rate. It also provides fund management and placement services in the retail credit segment. Its credit policies have been conservative and NPA management is quite good. The company’s profit is expected to reach ₹580 by FY27. Net interest income (NII) is expected to touch ₹1,800 crore. It trades at just 1.2 times its book value. Devarsh Vakil has set a target price of ₹333 on this stock. On October 17, the stock closed 1.68% lower at ₹266. Sheila Foam Sheila makes foam mattresses. Its Sleepwell and Kurlon brands are well known. The company has launched new brands like Tarang and Aaram targeting tier 2 and tier 3 cities. The company will benefit from increasing urbanization, better lifestyle and increasing income. The acquisition of Curlen could also improve margins and profitability. The lawyer said it was a high-risk, high-profit deal. After a period of struggle, the company is moving towards stability. The company’s shares closed at Rs 666 on October 17, down 0.61 percent. The stock market returns between last Diwali and this year’s Diwali were poor. Experts say that the market is now moving towards recovery from its low level. This means that an investment in good stocks now can yield good returns till next Diwali. Devarsh Vakil of HDFC Securities says next year will be good for equity returns. He expects Nifty to touch 26,400 by next Diwali. He recommends investing in three stocks. MSTC is a state-owned company. It operates an e-commerce and e-auction platform. It plays a major role in digital coal auction, vehicle scrapping and equipment leasing. The company is focused on capital spending and will also benefit from data center expansion. Its earnings per share in FY2025 was ₹27. It is expected to rise to ₹40 by FY 2027. The stock closed 1.47% lower at ₹535 on October 17. Devarsh Vakil believes that this share price is currently attractive. He set a target price of ₹673. This means that this stock can give a return of 24% by next Diwali. Northern Arc It is an NBFC with a strong growth rate. It also provides fund management and placement services in the retail credit segment. Its credit policies have been conservative and NPA management is quite good. The company’s profit is expected to reach ₹580 by FY27. Net interest income (NII) is expected to touch ₹1,800 crore. It trades at just 1.2 times its book value. Devarsh Vakil has set a target price of ₹333 on this stock. On October 17, the stock closed 1.68% lower at ₹266. Sheila Foam Sheila makes foam mattresses. Its Sleepwell and Kurlon brands are well known. The company has launched new brands like Tarang and Aaram targeting tier 2 and tier 3 cities. The company will benefit from increasing urbanization, better lifestyle and increasing income. The acquisition of Curlen could also improve margins and profitability. The lawyer said it was a high-risk, high-profit deal. After a period of struggle, the company is moving towards stability. The company’s shares closed at Rs 666 on October 17, down 0.61 percent.