Diwali Stock Picks 2024: Ahead of the Diwali festival, analysts from domestic brokerages have handpicked more than two dozen stocks that investors can add to their portfolio from a long-term perspective. Domestic brokerages – Axis Securities, HDFC Securities, JM Financial Limited (JMFL), and Ventura Securities – analysts have researched various sectors and m-cap category (largecap, midcap, and smallcap) companies’ stock, including finance, pharmaceuticals, IT, PSUs, and FMCG. The brokerages have recommended these stocks with a 6-30 months horizon.
Here’s a list of these stock recommendation along with their targets:
Largecap Stocks to Buy this Diwali | Inox Wind
Axis Securities’ analysts suggest buying Inox Wind shares for a target of Rs 270.
Largecap Stocks to Buy this Diwali | KPIT Technologies
Axis Securities has a ‘buy’ stance on KPIT Technologies shares with a target of Rs 2,150.
Largecap Stocks to Buy this Diwali | Lupin
Axis Securities has suggested buying Lupin shares for a target of Rs 2,600.
Largecap Stocks to Buy this Diwali | IHCL
Axis Securities recommends buying Indian Hotels Company Ltd (IHCL) shares for a target of Rs 800.
Largecap Stocks to Buy this Diwali | UNO Minda
Axis Securities has recommended buying UNO Minda shares for a target of Rs 1,090.
Largecap Stocks to Buy this Diwali | NALCO
HDFC Securities has a ‘buy’ call on National Aluminium Company (NALCO) shares with a target of Rs 270.
Largecap Stocks to Buy this Diwali | Tejas Networks
Ventura Securities has recommended buying Tejas Networks shares for a two-year target of Rs 1,850.
Largecap Stocks to Buy this Diwali | Hindustan Zinc
Ventura Securities suggests buying Hindustan Zinc shares for a target of Rs 680 with a horizon of 24 months.
Largecap Stocks to Buy this Diwali | Dixon Tech
Angel One has a ‘buy’ call on Dixon Technologies India shares with a target of Rs 19,070.
Largecap Stocks to Buy this Diwali | Torrent Power
Analysts of Angel One have suggested buying Torrent Power shares with a target of Rs 2,300.
Largecap Stocks to Buy this Diwali | Blue Star
Angle One has a ‘buy’ call on Blue Star shares with a target of Rs 2,570.
Largecap Stocks to Buy this Diwali | Persistent Systems
Angel One has recommended buying Persistent Systems shares with a target of Rs 7,040.
Largecap Stocks to Buy this Diwali | Cummins India
Angel One suggests buying Cummins India shares for a target of Rs 4,840.
Largecap Stocks to Buy this Diwali | Colgate-Palmolive
Angel One has suggested buying Colgate-Palmolive India shares for a target of Rs 4,590.
Largecap Stocks to Buy this Diwali | Power Grid
JM Financial has a ‘buy’ call on Power Grid Corporation of India shares with a target of Rs 383 with horizon of 6-12 months.
Largecap Stocks to Buy this Diwali | JSPL
JM Financial has suggested buying Jindal Steel and Power (JSPL) shares for a target of Rs 1,150, whick implies an upside potential of 19 per cent.
Largecap Stocks to Buy this Diwali | NALCO
Analysts of JM Financial have recommended buying National Aluminium Company (NALCO) shares for a target of Rs 264 from a perspective of 6-12 months.
Largecap Stocks to Buy this Diwali | Macrotech Developers:
JMFL has a ‘buy’ call on the Macrotech Developers stock with a target of Rs 1,480. According to the brokerage the stock could rise 23 per cent.
Midcap Stocks to Buy this Diwali | Gravita India
Axis Securities has a ‘buy’ call on Gravita India shares with a long-term target of Rs 3,000, which implies an upside potential of 38 per cent. Another brokerage, JM Financial also has a ‘buy’ call on the stock with a target of Rs 3,068, which implies an returns of 21 per cent in the next one-year.
Midcap Stocks to Buy this Diwali | HG Infra
Axis Securities has suggested buying H.G.Infra Engineering shares for a long-term target of Rs 1,700.
Midcap Stocks to Buy this Diwali | JK Lakshmi Cement
HDFC Securities has suggested buying JK Lakshmi Cement shares for a one-year target of Rs 936.
Midcap Stocks to Buy this Diwali | Navin Fluorine
HDFC Securities recommends buying Navin Fluorine International shares for a one-year target of Rs 3,948.
Midcap Stocks to Buy this Diwali | MGL
Angel One has a ‘buy’ call on Mahanagar Gas Ltd shares with a target of Rs 2,310.
Midcap Stocks to Buy this Diwali | Neuland Labs
Angel One’s analysts have a ‘buy’ stance on Neuland Laboratories shares with a target of Rs 19,580.
Midcap Stocks to Buy this Diwali | eClerx Services
Angel One Broking has a ‘buy’ call on eClerx Services shares with a target of Rs 3,700.
Midcap Stocks to Buy this Diwali | Praj Industries
Angel One has suggested buying Praj Industries shares for a target of Rs 940.
Midcap Stocks to Buy this Diwali | Time Technoplast
Angel One Broking has a ‘buy’ call on Time Technoplast shares with a target of Rs 550.
Midcap Stocks to Buy this Diwali | Jyothy Labs
Angel One has suggested buying Jyothy Labs shares for a target of Rs 680. HDFC Securities’ analysts also recommend buying Jyothy Labs shares for a one-year target of Rs 600.
Midcap Stocks to Buy this Diwali | NCC
Angel One has a ‘buy’ stance on NCC shares with a target of Rs 400. HDFC Securities recommends buying NCC shares for a long-term target of Rs 363.
Midcap Stocks to Buy this Diwali | Olectra Greentech
JM Financial recommends buying Olectra Greentech shares for a target of Rs 2,200.
Midcap Stocks to Buy this Diwali | Vesuvius India
Angel One Broking has recommended buying Vesuvius India shares for a target of Rs 6,770.
Small Stocks to Buy this Diwali | Arvind Smartspaces
Axis Securities recommends buying Arvind Smartspaces shares for a target of Rs 1,085 from the perspective of long term.
Small Stocks to Buy this Diwali | Fino Payments Bank
Ventura Securities has a ‘buy’ call on Fino Payments Bank shares for a target of Rs 856 from a perspective of 24-30 months.
(Disclaimer: The views/suggestions/recommendations expressed here in this article are solely by investment experts. Zee Business suggests its readers consult their investment advisers before making any financial decision.)