Your portfolio might be looking green right now if you have included these stocks in demat accounts. If you didn't, not an issue! You still have time to gain from below mentioned stocks because it's just the start of summer.
Here are ten stocks according to their sub-categories-
In the summer, household electricity consumption starts using high-voltage electric items like Air Conditioners, Coolers, Fans, etc., which is the primary reason why electricity stocks become an attractive option to invest in. You can invest in the following companies-
The net profit of one of India's largest independent power producers rose 12.5% sequentially to ₹1,052.1 crore in the quarter ended December 2022, according to its exchange filing. As per the last trading day, you can buy Tata Power at ₹201.40 per share.
The share price of NTPC rose about 2% on April 20, 2023, after reports that the power generator is expecting to commission 3.5 GW of capacity by 2030 from its two nuclear plants under construction. You can buy NTPC at ₹172 per share as per the last closing day, April 28, 2023.
Due to the increase in demand for perishable products in summer, profits of FMCG (Fast-moving consumer goods) products are likely to rise. Here are a few stocks to buy-
ITC is an FMCG taken over HDFC and became the seventh largest company by mid-cap due to its increase in demand for perishable products like milk, curd, ice-cream items, and whatnot this summer. You can buy ITC stock at ₹426.20 per share as per the last closing day.
One of the most popular stocks among investment enthusiasts is Hindustan Unilever, which has given a climbing net profit to ₹2,505 crores for the three months ended December 31, 2022, from ₹2,243 crores a year earlier. Shares of HUL have seen decent gains in the previous year. HUL stock is trading at ₹2458 as of Friday's last trading day.
If you are a fan of Ayurvedic, you can see how Dabur is expanding its business all over India in the name of herbal products with the use of lesser artificial chemical-based products. It is right to say that Dabur existed before the Indian stock exchanges, NSE and NSE. You can buy Dabur India at ₹533 per share as per the last closing day, Friday.
Historically, experts have seen an increase in sales of electronic products during summers, especially AC, Refrigerators, and Coolers., due to which the stock prices have risen as well. Here are a few electronic stocks to buy.
During heatwaves, Voltas can help you in feeling cool by sitting in front of the AC along with your portfolio as well. According to JM Financials, Voltas continues to maintain its market leadership position with a 22.5% YTD market share till December 2022. You can buy the stock at ₹798 as per the last trading day, Friday.
In the last trading session, on Friday, Havells gained 0.39% as Sensex fell, and the company is expected to increase profits due to the summer season. You can buy the company at ₹1228.40 per share as per the same trading session.
The company's income is anticipated to increase as a result of grid modernisation and automation, rail electrification, metro network expansion, the emergence of e-mobility, and hyper-growth in data centres. It has an additional ₹50 billion in revenue potential from auxiliary orders for Vande-Bharat. You can buy the stock at ₹7485 as per the last trading day, Friday.
Investing in seasonable stocks can give you decent returns in the short run, and staying invested in these stocks can also help you in achieving long-term objectives as well by setting off all the ups and downs of the investors. Invest wisely by analysing your financial objectives and risk appetite.
Anushka Trivedi is a freelance financial content writer. She can be reached at anushkatrivedi.com
Disclaimer: This story is for informational purposes only. Please speak to a SEBI-registered investment advisor before making any investment-related decision.