Ventura unveils Diwali stock picks for Samvat 2083
The brokerage firm has identified several stocks including Park Medi World and HDFC Bank with significant upside potential.
Brokerage firm Ventura has released its Diwali stock picks for the beginning of Samvat 2083, identifying several companies across various sectors. According to reports from Mint and Business Today, the picks include Park Medi World Limited, HDFC Bank Limited, One97 Communications Limited (Paytm), Meesho Limited, LG Electronics India Limited, and Ather Energy Ltd.
Park Medi World Limited is highlighted with a target price of ₹406, representing an upside potential of up to 83.7 per cent. The brokerage remains bullish on the hospital chain due to its aggressive hospital expansion across North India and a 2,680-bed project pipeline.
HDFC Bank Limited has been given a target price of ₹1,180. Ventura notes the bank's strong asset quality, robust capitalisation, and improved balance sheet positioning, suggesting shares are on track for gains in the next 18 to 24 months.
One97 Communications Limited, known as Paytm, has a target price of ₹2,131. The brokerage expects growth from higher merchant monetisation, improved payment margins, and financial-services distribution. Meesho Limited has a target price of ₹283, positioned to benefit from value e-commerce expansion in Tier-II, Tier-III, and rural India.
LG Electronics India Limited has a target price of ₹2,141, with Ventura seeing a 27.3 per cent upside potential driven by premiumisation and capacity expansion. Ather Energy Ltd has a target price of ₹1,974. While the brokerage is bullish on its technology-led platform, Business Today noted the stock carries a 'hold' rating as the target implies limited upside.