As the festive season approaches, Kotak Securities has identified ten stocks poised for growth, anticipating a surge in discretionary spending during this period. Shrikant Chouhan, Head of Equity Research, highlights these stocks as potential beneficiaries of increased consumer activity.
Mahindra & Mahindra (M&M) is expected to maintain its industry-leading growth across tractor and commercial vehicle segments, with a strong product launch cycle supporting its SUV segment leadership.
Eicher Motors is set to benefit from Royal Enfield's domestic volume growth and potential entry into the 250 cc segment, expanding its market reach. Eternal, the parent company of Zomato and Blinkit, is transforming into a diversified consumer-tech platform, with a projected 49% revenue CAGR from FY26 to FY29.
“We expect Eternal to deliver a robust 49% revenue CAGR over FY26–29, led by rapid expansion in quick commerce and sustained growth in food delivery.”
Shrikant Chouhan, Head Equity Research at Kotak Securities
Nykaa, a leading omnichannel beauty and fashion retailer, anticipates strong long-term growth driven by premiumization and AI-led personalization. Apollo Hospitals remains a preferred pick due to its strong performance and manageable capacity expansion.
Dr. Lal PathLabs is witnessing a steady recovery in test volumes, with expectations of mid-teens revenue growth in FY27. ICICI Bank is noted for its best-in-class underwriting and resilient asset quality, while Axis Bank's retail franchise offers significant growth potential.
Background
These stock picks are based on Kotak Securities' analysis of market trends and company performance, providing investors with insights into potential opportunities during the festive season.
Investors should monitor these stocks closely as the festive season progresses, considering the potential for increased consumer spending and market dynamics.
