Best Indian Stocks to Invest in for October 2020: Expert Picks and Market Insights

While the overall market has shown strong performance, certain stocks are expected to exhibit robust growth in the upcoming weeks. This article provides an expert analysis of the best Indian stocks to consider investing in during October 2020, along with market insights and recommendations from a seasoned SEO expert.

Market Trends and Short-Term Opportunities

October traditionally marks a period of stock picking, but the recovery in the market may remain limited for now. An overview of 11 stocks that could potentially deliver 10-57 percent returns includes:

Larsen and Toubro: Purchase target: Rs 1800, Return: 26 percent Petronet LNG: Purchase target: Rs 336, Return: 31 percent Tech Mahindra: Purchase target: Rs 830, Return: 17 percent

I recommend purchasing these stocks on dips in October 2020 for short-term gains. Additionally, the following stocks are also recommended for short-term investment:

SBI Cards Tata Consumer Products HCL Technologies Divis Laboratories Dabur

Potential Picks from Automotive Companies

In my opinion, picks from automotive companies such as Maruti Suzuki or Motherson Sumi Systems could turn out to be excellent investment opportunities in October. These are fundamentally strong stocks currently available at record-low prices. Over the medium term, these stocks are expected to cross their previous peaks, though the current environment is challenging. However, improved sales following the festival season are likely to bring about a positive turnaround.

Market Recommendations and Expert Advice

The following recommendations can be followed:

Adhere strictly to stoploss and target levels Hold investments according to risk appetite Also consider TINPLATE and GRAPHITE INDIA for the next 2-3 months

As a reminder, the author is not a tipster, and it is essential to follow expert advice before making investment decisions.

Market Highlights and Economic Factors

Happy Dussehra and Diwali to investors and traders! During this time, Indian companies often pay dividends, and the Kharif crop season typically ends by mid-October, bringing money into the rural economy. Additionally, people usually save throughout the year for festive season shopping. All of these factors contribute to increased economic activity and consumer spending in India.

Here is a list of stocks expected to benefit from increased activity during the Indian festival season:

Airlines

InterGlobe Aviation Ltd

Paints

Asian Paints Kansai Nerolac Paints Ltd Berger Paints

Apparel

Arvind Ltd Raymond Ltd

Gold

Rajesh Exports Ltd PC Jeweller Ltd

Real Estate

Sobha Ltd

Retail

Trent Ltd

Print and Radio

DB Corp Ltd

Television

TV18 Broadcast Ltd Zee Entertainment Enterprises Ltd

Multiplex

INOX Leisure Ltd

Reiterating once again, the author is not a tipster, and happy trading to all!