Anand Rathi identifies six stocks for Diwali 2026 portfolio
The brokerage has set 12-month target prices for selected stocks indicating potential gains of up to 35 per cent.
Anand Rathi Share and Stock Brokers has identified six stocks for its Diwali 2026 portfolio, according to a report by Mint. The brokerage assigned Buy ratings to the selected companies, with 12-month target prices suggesting potential upside ranging from 16 per cent to 35 per cent from their November 2 closing prices.
State Bank of India (SBI) is the top pick with a target price of ₹1,337 against a market price of ₹987. The brokerage noted that SBI's robust growth in deposits and credit should assist in maintaining profitable and sustainable earnings. The lender saw its gross advances grow at a 14.4 per cent CAGR between FY24 and FY26.
Other recommendations include Tech Mahindra, which has a target price of ₹2,065, and HDFC Asset Management Company (HDFC AMC) with a target of ₹2,800. The brokerage expects HDFC AMC to benefit from the expansion of the mutual fund industry in India.
The list also features Cemindia Projects, Shilpa Medicare, and Indo-MIM. Cemindia Projects has a target price of ₹1,615, while Shilpa Medicare is set at ₹1,160. Indo-MIM has been assigned a target price of ₹1,500.
For Cemindia Projects, the brokerage highlighted its asset-light EPC model, though it noted risks such as cost overruns and execution delays. Shilpa Medicare's growth is linked to its specialty pharmaceuticals and biologics portfolio, while Indo-MIM's potential lies in the demand for high-precision components across various industries.