Investors, he added, may exit the stocks on rise and rebalance towards companies with strong sales growth prospects.
Sectors such as automobiles, FMCG, jewellery, apparel, and electronics, typically, see a seasonal boost in sales during the festival season in India.
Per the latest data from National Statistics Office (NSO), private final consumption expenditure (PFCE), an indicator of household consumption, surged to a seven-quarter high of 7.4 per cent in the April-June quarter of the current financial year (Q1FY25), up from 3.9 per cent in Q4FY24.
The story "Festive season may not light up portfolios, but here's where you can invest" has 707 words across 33 sentences, which will take approximately 3 - 6 minutes for the average person to read.
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