As investors gear up for the Diwali Muhurat trading session, marking the beginning of the new Hindu calendar year, Samvat 2083, domestic brokerage firm Motilal Oswal has shortlisted 10 stocks to consider this festive season, including Kotak Mahindra Bank, Adani Ports, and Unimech Aerospace.
The brokerage has selected stocks across diverse sectors, with a greater weightage given to mid- and small-cap names. Overall, the brokerage expects its recommended list of stocks to deliver returns of up to 41% for investors over the next year.
Motilal Oswal believes SPR Auto Components is evolving from a piston maker into a diversified auto component platform, with a market share of over 45% in pistons.
The brokerage noted that acquisitions contribute around 35% of the company's revenue and have increased its content per vehicle to more than ₹30,000. The adoption of multiple fuel technologies also provides further growth opportunities.
Motilal Oswal expects Arvind to evolve into a garments- and advanced materials-led business, supported by new capacities and a strong order book. It highlighted that the potential India-UK free trade agreement could provide an additional growth lever. Management expects a stronger second half, with garments growing around 15% and advanced materials expanding by over 18%.