As the Hindu calendar year Samvat 2081 approaches, investors are eagerly looking for the best stocks to buy during the auspicious Diwali trading session. This year, several analysts have shared their top Diwali Stock picks, highlighting stocks with significant upside potential. Here are some of the top recommendations:
Diwali Stock Picks: Top Scrips to Buy for Samvat 2081
1. HDFC Bank
HDFC Bank remains a strong performer in the banking sector. Analysts recommend buying HDFC Bank shares due to its consistent growth in customer accounts and rate offerings in time deposits. With a target price of ₹2,002, HDFC Bank is expected to maintain higher spreads and achieve long-term economies of scale.
2. Hyundai Motor India
Hyundai Motor India is another stock that analysts are bullish about. The company’s strong ties with Hyundai Motor Group affiliates create synergies in the supply chain, manufacturing, and product development. With a target price of ₹2,345, Hyundai Motor India aims to become the largest foreign production hub for Hyundai Motor Company.
3. AGI Greenpac
AGI Greenpac is making headlines with its acquisition of HNG, which could make it the largest glass manufacturer in India. Analysts recommend buying AGI Greenpac shares, with a target price of ₹3,334, as the acquisition is expected to significantly boost the company’s earnings per share (EPS).
4. Bajaj Auto
Bajaj Auto is a top pick for its growth trajectory in the medium to long term. Analysts highlight the company’s focus on exports, demand for the 125cc 2W “Freedom,” and aggressive marketing for CNG-based 2-wheelers and electric variants. With a target price of ₹12,483, Bajaj Auto is expected to see solid growth.
5. Bharat Dynamics
Bharat Dynamics is catering to the strategic needs of the Indian defense forces. With upcoming big-ticket projects and increasing export opportunities, analysts recommend buying Bharat Dynamics shares, with a target price of ₹1,501.
6. Somany Ceramics
Somany Ceramics is expected to register healthy revenue, EBITDA, and PAT growth. Analysts recommend buying Somany Ceramics shares, with a target price of ₹965, as the company invests significantly in emerging growth markets.
7. HCL Technologies
HCL Technologies remains committed to achieving business growth in a sustainable and responsible manner. Analysts recommend buying HCL Technologies shares, with a target price of ₹2,105, as the company focuses on Data & AI, Digital Engineering, SAP migration, and efficiency-driven programs.
8. State Bank of India (SBI)
SBI is well-positioned with a low loan-to-deposit ratio, allowing flexibility despite softer deposit growth. Analysts recommend buying SBI shares, with a target price of ₹941, as the bank’s stable retail deposits and consistent credit market share enable it to gain market share.
9. ITC Limited
ITC Limited stands as a diversified leader in India, excelling in cigarettes, FMCG, hotels, agri-business, and paperboards. Analysts recommend buying ITC shares, with a target price of ₹594, as the company’s ITC Next strategy drives future growth through innovation and sustainability initiatives.
10. Titan Company
Titan Company has a large presence in the jewelry industry and is an emerging lifestyle player. Analysts recommend buying Titan shares, with a target price of ₹4,270, as the company focuses on store expansion and improving margins.
Final Thoughts on Diwali Stock Picks
As Diwali approaches, these Diwali Stock Picks present attractive investment opportunities for investors looking to capitalize on the auspicious trading session. With strong growth prospects and positive outlooks, these stocks are expected to perform well in Samvat 2081.