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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.
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The first name from the list of experts is the Bank of Baroda. The stock closed at Rs. 131 a few weeks ago.
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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.
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ITC has also been selected from the list of experts for the next two years. Experts believe that good growth is expected in the cigarette business. The annual growth of a non-cigarette business can be 19 percent.
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Diwali Picks #3 - ITC
Sun Pharma is the fourth name on the list of experts. Experts believe that the company's revenue will grow at an annual rate of 14 percent till the financial year 2024.
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Titan Company of Tata Group is also on the list of experts. Last week, this stock closed at the Rs. 2,670 level. Titan Company's focus is on 18 percent annual growth. The cash reserve of Titan Company is around 2000 crores.
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The sixth name on the list of experts is Kirloskar Oil Engines. Shares of Kirloskar Oil Engines closed at Rs. 260 last week. The company has given a return of 76 percent in the last six months
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The seventh name on the list of experts is Greaves Cotton. The brokerage has also chosen Greaves Cotton for the next two years. Greaves Cotton CAGR is expected to be more than 20 percent between the coming financial year 2021 to 2024.
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Devyani International is the eighth name on the list of experts. Devyani International is in a very strong position on a fundamental basis. The annual growth is expected to be 41 percent by the coming financial year 2024.
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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. The PAT (Profit After Tax) is estimated to be 35 percent by the coming financial year 2024.
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The tenth name on the list of experts is Mahindra CIE Automotive. Shares of Mahindra CIE Automotive closed last week at Rs. 305 level. The CAGR is expected to be 48.8 percent between the coming years 2021 to 2023.
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