For many investors, Diwali is a special time to invest in the stock market since many firms’ shares reach new highs during this festive month. Similarly, if you’re seeking for investing options that will provide higher returns in a short period of time, have a look at some of the companies that, if purchased now, can generate multi-bagger returns in two to three weeks.
Central Depository Services Limited
An Indian central securities depository called CDSL was established in 1999. In terms of Demat accounts, it was India’s biggest depository. The stocks of CDSL, according to Vidanayan Sawan, Assistant Vice President of Technical Research at GEPL Capital, are on the rise in the stock market, according to a Moneycontrol article. He continued by saying that because this stock is showing a price breakthrough on the daily chart, analysts anticipate that it will continue to grow. In such a scenario, CDSL’s share price may reach Rs 1,670 within two to three weeks. The shares are now trading at Rs 1,377 on the NSE. On October 16, it was closed at Rs. 1369.
TVS Motor Company
Shares of the automaker TVS Motor are now trading at an all-time high on the stock market. Previously, this company’s stock price was unable to rise over Rs 1,545. It is now selling for Rs 1,603 on the NSE. Market gurus advise buying these shares with a target price of Rs 1,735. You must maintain a stop loss on these shares of Rs 1,529 after the transaction.
Ramco Cement
Ramco Cement is regarded as a titan in the infrastructure and building industries. This keeps the stock market’s upward trend going. The price of the company’s shares is very close to its 52-week high. Vidanayan Sawant claims that the technical charts for the shares of Remco Cement suggest favorable development. At the moment, it is being traded on the Bombay Stock Exchange for Rs 989. Its value has decreased from its last closing price. However, analysts predict that Ramco Cement’s share price would rise to Rs 1,130. When it falls to Rs 935, you may sell your shares.