Every year, the street is bombarded with “Diwali picks”. Some of them lose steam even before Holi. Should we call them “buy Diwali sell Holi” stocks? The fact is that whether it is Diwali, New Year, or any other so-called auspicious occasion, stocks should not be bought because of a particular day. They must be bought because there are sound reasons to buy them – such as fundamental changes happening in the industry. Most importantly, they must
