Diwali stock picks: The Indian stock market saw a roller-coaster ride last Samvat with Nifty 50 testing 22,300 support for two times in the past 6 months. As Samvat 2083 is all set to begin with Diwali muhurat trading on November 8, PL Capital released its top picks for the new Samvat.
Bharat Electronics Limited (BEL), Britannia Industries Limited, ICICI Bank, and Shriram Finance are among the top Diwali large cap stock picks by PL Capital for Samvat 2083. Check target price for these large cap stock recommendations and target price.
Bharat Electronics share price closed 0.16% higher at ₹395.50 per share on BSE with a market capitalisation of ₹2,89,101.75 crore on Friday, November 6. Its strong order book will provide healthy execution visibility.
The company’s QRSAM orders are “expected shortly with BEL well positioned to retain its role given its decade-long development experience,” read PL Capital report. The brokerage gave a ‘Buy’ rating with a target price of ₹490 per share.
Britannia Industries share price closed 4790 per share on BSE with a market capitalisation of ₹1,15,375.91 crore on Friday, November 6. The stock has delivered 5.33% return in two weeks, but has declined 20.28% in one year.