With Diwali around the corner and Indian stock market preparing to enter Samvat 2083, brokerages have recommended several stocks, identifying opportunities across sectors, including banking, IT, defence, pharmaceuticals, FMCG, telecommunications, steel, defence and engineering.
Brokerages, including JM Financial, Bonanza Portfolio, Kotak Neo and Bajaj Broking Research have highlighted stocks that could benefit from improving corporate earnings, capacity expansion, infrastructure spending, rising consumption and stronger operational performance.
The stock recommendations for Muhurat Trading span both fundamental and technical investment strategies, with some stocks offering potential upside of up to 38 percent.
Domestic brokerage JM Financial's Diwali recommendations cover 10 stocks across sectors, including banking, defence, power transmission, telecom equipment, metals recycling, pharmaceuticals, new-age businesses, telecommunications, capital goods and steel.
ICICI Bank: CMP – Rs 1,374 | Target Price Rs 1,710 | Upside 24%Bharat Electronics Ltd (BEL): CMP – Rs 364 | Target Price Rs 485 | Upside 33%Power Grid: CMP – Rs 251 | Target Price Rs 290 | Upside 15%Sterlite Technologies: CMP – Rs 879 | Target Price Rs 1,020 | Upside 16%Gravita: CMP – Rs 1,343 | Target Price Rs 1,800 | Upside 34%Emcure Pharmaceuticals: CMP – Rs 1,873 | Target Price Rs 2,362 | Upside 26%Eternal: CMP – Rs 327 | Target Price Rs 400 | Upside 22%Bharti Airtel: CMP – Rs 1,950 | Target Price Rs 2,400 | Upside 23%Larsen & Toubro (L&T): CMP – Rs 3,805 | Target Price Rs 4,615 | Upside 21%Tata Steel: CMP – Rs 169 | Target Price Rs 195 | Upside 15%