Synopsis
In another two weeks, Ganesh Chaturthi will kick off the official festive season 2024. A season in which some companies look forward to for one simple reason, they tend to see the highest sales in this period as consumers loosen their purse strings. Now why look at these stocks ahead of the festive season. Look at what happened to stocks of white good markets like Voltas. The first indication of strong summer had just come in March, stock started gaining and in less than 6 months more than 50% gain from its low. Given the fact that there is too much liquidity which is prevailing in markets, a small hint that the performance of the company is going to be good, stock tends to gain very sharply. So, in bullish markets, before you see in headlines β festive season salesβ, it is time to look at them. If you want to see what difference the festive season makes, just have a look at how different two quarters, a festive quarter and non festive quarter sales.
While every sector and industry has a correlation with festive season sales. There are some whose fortunes are tied up more with how much money is spent in three months when Indians open their purse strings to enjoy the festive season. There are two parts to spending. First, which is macro in nature which is how much is spent on overall basis. Are consumers more confident and hence spending more. Second is micro, which are the companies which
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