Top Stocks To Watch In Wedding Season 2023

With wedding season rapidly coming, the next few weeks are projected to witness an increase in demand, making it an ideal opportunity for investors to explore investing in relevant businesses and sectors. According to a CAIT poll, about 35 lakh weddings are projected to take place across the country between November 23 and December 15, giving a substantial economic boost to the wedding business. According to the CAIT Research & Trade Development Society report, wedding-related products and services will cost approximately 4.25 lakh crore. This has the potential to produce a million rupees for enterprises in this field.

During the same period last year, 32 lakh weddings took place, with expenses totalling around 3.75 lakh crore. More than 3,50,000 marriages are expected in Delhi alone, accounting for almost 10% of all weddings in India between these dates. With so many weddings on the horizon, numerous stocks and sectors are set to benefit significantly.

Stocks that may benefit from the coming wedding season:

Vedant Fashions Ltd is a leading retailer of wedding apparel in India. The company owns and operates popular brands such as Manyavar and Mohey. Vedant Fashions has a strong presence across the country with over 1,100 stores. The company is expected to benefit from the increased demand for wedding apparel during the upcoming wedding season.

Indian Hotels Company Ltd is India’s largest hospitality company. The company owns and operates a chain of hotels and resorts under the Taj brand. Indian Hotels Company is also a leading player in the wedding industry, catering to a large number of weddings every year. The company is expected to see a surge in demand for its wedding venues and services during the upcoming wedding season.

Senco Gold Ltd is a leading retailer of gold and jewellery in India. The company owns and operates over 300 stores across the country. Senco Gold is expected to benefit from the increased demand for gold and jewellery during the upcoming wedding season.

Titan Company Ltd is a leading manufacturer and retailer of watches, jewellery, and eyewear in India. Titan is also a major player in the wedding industry, offering a wide range of wedding-related products and services. The company is expected to benefit from the increased demand for wedding jewellery and watches during the upcoming wedding season.

Raymond Ltd is a leading manufacturer and retailer of fabrics, apparel, and accessories in India. Raymond is also a major player in the wedding industry, offering a wide range of wedding-related products and services. The company is expected to benefit from the increased demand for wedding suits and apparel during the upcoming wedding season.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.