Dussehra 2024: Auto and Jewellery Stocks To Invest in Vijayadashami

Dussehra 2024 (Vijayadashami) celebration is about to begin and stock market investors are getting ready to grab the opportunities for investing. It is believed that investing in the time of Dussehra is auspicious and good for generating long-term wealth.

In the last year, people who invested in Automobile sector stocks had successfully generated a decent return on their investment. The rally in the india stock market is still going on and the market trend is intact. So, it is possible that Auto sector and Jewelry sector stocks continue to perform.

Dussehra 2024: Automobile Stocks in Spotlight

In this upcoming Dussehra 2024 (Vijayadashami) automobile stocks will be in the spotlight due to the Hyundai Motor IPO. As you know, the IPO buzz is going on in the Indian stock market. So the Hyundai IPO is expected to give good listing gains which might improve the sentiment of the whole automobile sector.

Other Auto stocks like Tata Motors, Mahindra and Mahindra have also performed well and technical chart structure seems to be on uptrend. In the coming weeks, the Diwali 2024 festival is likely to give a push to auto sales. Auto companies will throw huge discounts on Diwali which will positively impact the sales and profits.

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Will Jewellery Stocks Might Boom in Dussehra 2024?

The Jewellery stocks will also be in the spotlight in Dussehra 2024. As per the Indian culture, buying Gold Jewellery at the time of Navratri, Dussehra, Diwali is considered auspicious. The stocks like Titan, Kalyan Jewellers, Rajesh Export will be on radar for this month. The sales are expected to rise and a jump in the profits is possible. It will directly reflect in the share price of Jewellery stocks.

Dussehra 2024: Will Paint Stocks Deliver Growth?

The sharp rise in the sales of paints companies is always in the festive season. As the Dussehra 2024 begins the paint stocks might gain the attraction. The paint stocks like Asian Paints, Berger paints might pick up the momentum and may rally for the short-term. Long term Investors and positional traders should look for opportunities in paint stocks. 

Conclusion

Dussehra 2024 (Vijayadashami) is an auspicious day celebrated all over India. Stock market enthusiasts often look for opportunities to invest at the time of festival which is considered auspicious for the long term wealth creation. It is expected that in Dussehra 2024, the sectors like Automobile, Jewellery and Paints might perform well and deliver a good growth in the short run.  

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