TOP 5 DIWALI STOCKS TO BUY IN 2024!

TOP 5 DIWALI STOCK PICKS LETS TAKE A LOOK

IN TODAY SPECIAL DIWALI STOCK PICKS WE ARE DIVING INTO A FEW PRONMISING STOCKS BY INDIA’S TOP BROKERAGES THAT COULD ADD SOME SPARKLE TO YOUR INVESTMENT THIS FESTIVE SEASON LET’S GET STARTED AND LIGHT THE WAY TO A PROSPEROUS YEAR A HEAD.

1. BAJAJ AUTO

SECTOR	AUTO
CMP	RS 10,501
TRAGET PRICE	RS 12,483
UPSIDE POTENTIAL	18.9%

BROKERAGE VIEW BAJAJ AUTO IS THE WORLD LARGEST MANUFACTURER OF THREE WHEELERS AND ONE OF INDIA’S LEADING AUTO MANUFACTURERS THE BROKERAGE IS POSITIVE FOR MEDIUM TO LONGTERM DUE TO ITS FOCUS ON EXPORTS TO DRIVE SALES HIGH DEMAND FOR FREEDOM TO WHEELER CHETAK EV RISE IN PREMIUN PRODUCTS SOLID GROWTH IN EV PORTFOLIO AND PROFITABILITY.

2. BHARAT DYNAMICS

SECTOR	DEFENCE AND AEROSPACE
CMP	RS 1,114
TRAGET PRICE	RS 1,501
UPSIDE POTENTIAL	34.7

BDL IS A GOVERNMENT OWNED DEFENCE COMPANY WITH A FOUCS ON MISSILE AND DEFENCE SYSTEMS. THE BROKERAGE IS PSITIVE AS IT CATERS TO M MOD NEEDS AND HAS RISING EXPORT OPPORTUNITIES HUGE HUGE ORDER INLOW FROM FY 25TO26 60TO70 BILLON INR WORTH ASTRA WEAPON CONTRACT IN THE PIPELINE.

3. TATA MOTORS

SECTOR	AUTO
CMP	907
TRAGET PRICE	1225
STOP LOSS	770
UPSIDE POTENTIAL	35.06%
BROKERAGE	PRABHUDAS LILLADHAR

ONE OF THE BIGGEST AUTO BRANDS IN INDIA TATA MOTORS STOCK HAS WITNESSED DECENT EROSION IN THE LAST ONE MONTH AS PER PRABHUDAS LILLADHAR RSI IS NEAR OVERSOLD ZONE WITH RISK REWARD FAVORABLE AND THE CHART LOOKING ATTRACTIVE A FURTHER SIDE COULD BE SEEN.

4. KPIT TECH

SECTOR	IT
CMP	1785
TRAGET PRICE	2500
UPSIDE POTENTIAL	40%

THE STOCK HAS BEEN IN A STORNG UPTREND FOR A LONG TIME WITH THE RECENT CONSOIDATION IT HAS WE MOVING IN A POSITIVE BASE DECISIVE BREACH ABOVE 1900 LEVELS COULD INDICATE A BREAKOUT FOR AN UPWARD MOVE TECHICALLY THE CHART LOOKS GOOD AND RSI SHOWING STRENGTH RIGHT NOW.

5. ALLIED BLENDERS & DISTILLERS

INDUSTRY	CONSUMER GOODS
CMP	332
BROKERAGE	SHARE KHAN

ALLIED BLENDERS & DISTILLERS OR ABDL IS ONE THE LARGEST INDIAN OWNED INDIAN MADE FOREING LIQUOR THAT IS IMFL COMPANIES IN INDIA IN TERMS OF SALES VOLUMES BETWEEN FY 24 FY 22. THE COMPANY HAS REPAID 800CR RS OF DEBT USING IPO PROCEEDS CURRENTLY IT HOLDS HOLDS 325CR IN WORKING CAPITAL DEBT AT A LOWER INTEREST RATE OF 8.5% COMPARED TO THE PREVIOUS 10 TO 10.5% LEADING TO AN EXPECTED 50% REDUCTION IN INTEREST COST YEAR IN YEAR BY FY 2025 EARNING ARE EXPECTED TO GROW SIGNIFICANTLY DUE REDUCTION DEBT AND PREMIUMIZATION.

Disclaimer:- Recommendations, Suggestions, Views And Options Given By The Experts Brokerages Do Not Respect The Views Of MARKETLOVE.IN