FinCup
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Hey Guys,
So the wedding season is starting and as an investor it is the time that we identify best stocks that will get affected from this wedding season.
According to a report of livemint indian wedding industry is likely to grow by 200% this year.
In 2016, the Indian wedding market was estimated at ₹3.68 trillion, according to a KPMG report titled Market Study of Online Matrimony and Marriage Services in India.
According to a survey by WeddingWire India conducted last month, the per month earnings of nearly half of its wedding vendors (42.5%) have gone up in 2022 as compared to 2019 and around 31% vendors in the wedding industry have increased their charges due to high product and labour costs across categories.
The wedding season is set to kick in after Diwali and the months between November and February are considered the peak wedding season in India.
Typically, weddings are held on certain auspicious days across the year but the trend is gradually shifting because of both convenience and costs. A wedding held on an auspicious date will cost people almost two times because there is a huge demand for venues, décor and other services. The same wedding can be executed at half the cost if one chooses to overlook ‘auspicious’ dates. Hotels and caterers, too, will inevitably offer discounted rates
So now the question comes is that which stocks should we look in for this wedding season.
According to me the following stocks can grow in this wedding season (Its not a stock recommendation) :-
1. Vedant Fashions Ltd.
2. Titan
3. Raymond's
4. Trident ltd.
5. Kalyan Jewellers
Now I want to ask you all guys that on which sector indian spend most in weddings ?
3 years ago | [YT] | 7
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