Brokerages recommend stocks for Samvat 2083 with up to 38 per cent upside
Various brokerage firms have identified several stock picks across multiple sectors for the upcoming Diwali Muhurat Trading period.
Several brokerages, including JM Financial, Bonanza Portfolio, Kotak Neo, and Bajaj Broking Research, have recommended various stocks as the Indian stock market prepares for Samvat 2083, according to Moneycontrol.
The recommendations span sectors such as banking, IT, defence, pharmaceuticals, FMCG, telecommunications, steel, and engineering. These picks are based on fundamental and technical investment strategies, with some stocks offering a potential upside of up to 38 per cent.
JM Financial has suggested 10 stocks, including ICICI Bank with a target price of Rs 1,710, Bharat Electronics Ltd (BEL) with a target price of Rs 485, and Tata Steel with a target price of Rs 195. Other JM Financial picks include Power Grid, Sterlite Technologies, Gravita, Emcure Pharmaceuticals, Eternal, Bharti Airtel, and Larsen & Toubro (L&T).
Bonanza Portfolio identified seven stocks with a potential upside of 18 per cent to 38 per cent. These include Tata Elxsi, IDFC First Bank, Gland Pharma, Marico, Sambhv Steel Tubes, HBL Engineering, and Privi Speciality Chemicals.
Bajaj Broking Research has identified nine stocks for a one-year investment horizon. These include Mahindra & Mahindra Ltd with a target price of Rs 3,251, Varun Beverages with a target price of Rs 459, and CG Power & Industrial Solutions with a target price of Rs 938. Other picks include GE Vernova T&D India, Sudarshan Chemical Industries, and Rolex Rings.
Kotak Neo's technical recommendations include Bajaj Finance, ICICI Bank, JSW Steel, Bharat Electronics, and Reliance Industries. Business Today reported that Bajaj Broking also expects ICICI Bank to head towards Rs 1,570 in the long term and Adani Power Ltd to reach Rs 223 levels.