The festive season often brings a surge in consumer spending, making Onam an important period for several businesses. For investors looking to position their portfolios for the months ahead, Nirmal Bang has identified five stocks with attractive growth potential.
V Raghavan, Kerala regional head of Nirmal Bang, has picked companies spanning consumer products, financial services and fintech. The recommendations include Kerala-based V-Guard Industries along with Orient Electric, SG Finserve, DCB Bank and One MobiKwik Systems.
Current price: ₹314
Target price: ₹431
V-Guard Industries continues to strengthen its position in the electrical and electronic products market. The company has improved its market share in stabilisers, UPS systems, solar power solutions and batteries.
Its switchgear and pump businesses, along with kitchen appliances, fans and air coolers, are also witnessing healthy growth. The festive-season demand in Kerala could provide an additional boost to sales.
Current price: ₹174
Target price: ₹255
Strong demand for fans and home appliances is expected to support Orient Electric. The company has also improved its performance in lighting and wiring.
Its efforts to expand exports beyond the domestic market, particularly into African countries and SAARC markets, could provide another growth avenue.
Current price: ₹680
Target price: ₹916
SG Finserve is an RBI-approved non-banking financial company (NBFC) under the Apollo group. It focuses on providing loans and financial assistance to micro, small and medium enterprises (MSMEs).
With demand for credit among MSMEs remaining an important growth driver, the company could benefit from increased financing requirements in this segment.
Current price: ₹186
Target price: ₹230
DCB Bank's steady performance in loan growth has supported its revenue. The bank's ability to keep operating costs under control could further improve profitability.
Nirmal Bang sees the stock as an attractive opportunity in the mid cap banking segment, with potential for reasonable returns.
Current price: ₹205
Target price: ₹339
One MobiKwik Systems is positioned to benefit from the continuing expansion of digital payments and fintech services in India.
The company has a large network comprising 18.96 crore registered users and 49 lakh merchants. In addition to digital payments through the MobiKwik app, it offers financial services through products such as MobiKwik ZIP EMI.
Expanding its merchant network and increasing loan disbursals remain key areas of focus for the company.
The five stocks identified by Nirmal Bang offer exposure to different segments, from consumer durables and electrical products to banking, NBFCs and fintech. However, the target prices are research-based expectations and are not assured returns.
Investors should assess their risk appetite, investment horizon and the fundamentals of each company before taking investment decisions. Stock-market investments are subject to market risks, and investors should consult a qualified financial adviser where necessary.
Note: 1. Source: Nirmal Bang. 2. Prices and target prices cited in the Dhanam Onam 2026 edition. 3. The recommendations are for informational purposes and should not be construed as investment advice.