As Indian stock markets prepare to enter Samvat 2083, with Diwali just a day ahead, several brokerages have identified investment opportunities across banking, financial services, defence, healthcare, IT, metals, capital goods and consumer sectors.
HDFC Securities, Nuvama, PL Capital and Monarch Networth Capital have shared their stock recommendations for Diwali, highlighting stocks that could deliver attractive returns over the next year.
The stock recommendations by the brokerages are based on a combination of technical indicators, improving business fundamentals, sectoral opportunities and expectations of a recovery in corporate earnings.
Domestic brokerage HDFC Securities has recommended six stocks for investors to consider during Muhurat Trading for Samvat 2083, projecting potential upside of up to 28 percent over the period until the next Diwali. The brokerage’s technical picks include BPCL, HCL Technologies, IIFL Finance, JSW Steel, Satin Creditcare and Zensar Technologies.
1) Bharat Petroleum (BPCL): CMP Rs 304.70 | Entry Band Rs 304-315 | Targets Rs 342, Rs 366 | Stoploss (Closing Basis) Rs 274 | Potential Upside 20%