Top 10 Diwali Stocks – Diwali Picks 2023: Invest in these 10 stocks, and you will get big profits in the medium term
Stocks to buy Diwali 2023: Many brokerage firms have advised buying 10 stocks this Diwali. These Diwali stocks have been selected on a fundamental basis for the next two years. There are many stocks like the Bank of Baroda, ICICI Bank, and ITC in this Diwali Picks list.
Stocks to buy this Diwali 2023: The year 2023 has been very volatile for the investors of the Indian stock market. There are many reasons behind the ongoing movement in the market. For example, inflation in the world, upheaval in global politics, the fierce war between Ukraine and Russia, US and China face-to-face on the Taiwan issue, increase in central banks’ interest rates, which is reducing liquidity. During all these circumstances, the global economy of the world is rapidly going towards recession. The same fluctuations are expected to continue in the coming times as well.
Many brokerage firms believe that the annual growth ie CAGR for Nifty 50 between FY 2023 to 2024 can be 15 to 20 percent. In such a situation, the brokerage firm has selected 10 stocks before Diwali, which you can include in your portfolio for the medium term. Good earnings are possible in these stocks in the coming two years. Every fall in Diwali Stocks where Investment Advice is given is a buy suggestion. Wealth creation will help if investors stay patient for the long term. The brokerage has selected these stocks based on fundamental analysis.
Diwali Picks #1 – Bank of Baroda
The first name from the list of experts is the Bank of Baroda. The stock closed at Rs 131 a few weeks ago. Experts say that the banking sector, quality, and valuation are also good. In such a situation, it is advisable to keep this stock in your profile for the financial year 2024.
Diwali Picks #2 – ICICI Bank
This is the second selection of the banking sector in the list of experts, ICICI Bank. Its quality and valuation are also good. Bank’s loan growth is good. This stock margin is increasing continuously. The operational profit of ICICI Bank is also very strong. Many experts have also advised keeping this stock in the portfolio.
Diwali Picks #3 – ITC
ITC has also been selected from the list of experts for the next two years. The valuation of this stock is good and the quality is good. Experts believe that good growth is expected in the cigarette business. The annual growth of a non-cigarette business can be 19 percent.
Diwali Picks #4 – Sun Pharma
Sun Pharma is the fourth name on the list of experts. The Pharma sector has always been very positive, and its quality and valuation are also good. Experts believe that the company’s revenue will grow at an annual rate of 14 percent till the financial year 2024.
Diwali Picks #5 – Titan
Titan Company of Tata Group is also on the list of experts. Last week, this stock closed at the Rs 2670 level. This stock is positive in its sector, and the quality and valuation of the stock are fine. Titan Company’s focus is on 18 percent annual growth. The plan for the coming five years is also great. The cash reserve of Titan Company is around 2000 crores. Titan Company will use 75 percent of its cash flow for growth. 25% will be used as a dividend.
Diwali Picks #6 – Kirloskar Oil Engines
The sixth name on the list of experts is Kirloskar Oil Engines. Shares of Kirloskar Oil Engines closed at Rs 260 last week. Sector, quality, and valuation are perfect. The company has given a return of 76 percent in the last six months. The demand from its data centers and real estate is huge and this will continue to benefit the Kirloskar company. Kirloskar Company’s business is also in Electric pumps, Water Management.
Diwali Picks #7 – Greaves Cotton
The seventh name on the list of experts is Greaves Cotton. The brokerage has also chosen Greaves Cotton for the next two years. The stock of Greaves Cotton closed at the level of Rs 148 last week. The company is good in its sector, in quality, and also in valuation. The company is getting benefits from the adoption of an electric vehicle. Greaves Cotton CAGR is expected to be more than 20 percent between the coming financial year 2021 to 2024.
Diwali Picks #8 – Devyani International
Devyani International is the eighth name on the list of experts. Devyani International is in a very strong position on a fundamental basis. In this sector, quality and valuation are fine. The annual growth is expected to be 41 percent by the coming financial year 2024. It is famous for its quick service restaurant whose clients are KFC, Pizza Hut, and Costa Coffee. This company is opening 300 new restaurants annually. The company did the IPO money to reduce debt and strengthen its balance sheet.
Diwali Picks #9 – APL Apollo Tubes
The ninth name on the list of experts is APL Apollo Tubes. Experts have also chosen APL Apollo Tubes, whose share was at the level of Rs 1060 last week. APL Apollo Tubes is India’s largest tube manufacturer. The company has a market share of 55 percent. The company currently has 11 plants. The company has got a lot of strength due to the merger with Apollo Tricoat.
The PAT (Profit After Tax) is estimated to be 35 percent by the coming financial year 2024.
Diwali Picks #10 – Mahindra CIE Automotive
The tenth name on the list of experts is Mahindra CIE Automotive. Shares of Mahindra CIE Automotive closed last week at Rs 305 level. Sector, quality, and valuation are fine. 49% of Mahindra CIE’s revenue comes from India and 51% from Europe. In the last six months, this stock has given a return of 57.5 percent. The CAGR is expected to be 48.8 percent between the coming years 2021 to 2023.
(Disclaimer: Stock Market investments are subject to market risks, read all scheme-related documents carefully before investing. All the information provided on our IPO Portal is for education purposes only. The investment advice here is given by the brokerage house. These are not the views of BseNseIPO.)
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