As the festival of lights illuminates our lives, KSL has presented its Diwali Stock Picks, bringing with it the potential for robust returns in the coming months. Each of these handpicked stocks represents solid growth potential, offering opportunities across various sectors like banking, textiles, industrial automation, consulting, aluminum, power generation, and housing finance.
Lets have a look at the details of KSL’s Diwali Stock Picks for 2024:
1. Axis Bank (Private Sector Bank)
- CMP (as on 18/10/24): ₹1,197
- Target Price: ₹1,500
- Upside Potential: 25%
- Stop Loss: ₹941
- Investment Horizon: 9-12 Months
Why invest? Axis Bank stands as a strong contender in the private banking sector. With its strong fundamentals, the stock is expected to deliver a solid upside. The 25% potential return is backed by the bank’s robust performance and market positioning. A moderate risk with a good potential for reward.
2. Bombay Dyeing (Textile/Real Estate)
- CMP (as on 18/10/24): ₹250
- Target Price: ₹400
- Upside Potential: 60%
- Stop Loss: ₹171
- Investment Horizon: 18-24 Months
Why invest? Bombay Dyeing, a leader in the textile and real estate sectors, presents significant upside potential. A 60% potential gain suggests a strong rebound and expansion opportunities in both textile and real estate. The stock is well-positioned to benefit from sectoral growth.
3. Jyoti CNC Automation (Industrial Products)
- CMP (as on 18/10/24): ₹1,115
- Target Price: ₹1,749
- Upside Potential: 57%
- Stop Loss: ₹789
- Investment Horizon: 12-15 Months
Why invest? Jyoti CNC Automation is poised to benefit from increased demand for industrial products and automation. With a projected upside of 57%, it promises growth potential. The company’s performance in the CNC and automation sector makes it a compelling pick for long-term investors.
4. Mphasis (Consulting Software)
- CMP (as on 18/10/24): ₹3,080
- Target Price: ₹4,180
- Upside Potential: 35%
- Stop Loss: ₹2,671
- Investment Horizon: 12-15 Months
Why invest? As a leading IT services company, Mphasis stands to benefit from the growing demand for digital transformation and consulting services. Its robust pipeline and consulting expertise present a 35% upside, making it an attractive pick for tech-savvy investors.
5. NALCO (Aluminum)
- CMP (as on 18/10/24): ₹232
- Target Price: ₹302
- Upside Potential: 30%
- Stop Loss: ₹171
- Investment Horizon: 12-15 Months
Why invest? As a major player in the aluminum sector, NALCO is expected to benefit from global demand for aluminum in key industries such as power, transport, and construction. The 30% upside is supported by strong fundamentals and expected growth in the aluminum market.
6. NTPC (Power Generation)
- CMP (as on 18/10/24): ₹425
- Target Price: ₹502
- Upside Potential: 18%
- Stop Loss: ₹327
- Investment Horizon: 12-15 Months
Why invest? NTPC, one of the largest power generation companies in India, is in a strong position to capitalize on increasing power demands and energy transition trends. The 18% upside potential, coupled with stable dividends, makes NTPC a good choice for conservative investors seeking steady returns.
7. Home First Finance Company (Housing Finance)
- CMP (as on 18/10/24): ₹1,102
- Target Price: ₹1,400
- Upside Potential: 52%
- Stop Loss: ₹871
- Investment Horizon: 9-12 Months
Why invest? The housing finance sector is witnessing steady growth, and Home First Finance is poised to benefit from the increasing demand for affordable housing. A solid 52% upside and potential market expansion make this stock an attractive choice for long-term investors.
8. Polyplex Corporation (Packaging)
- CMP (as on 18/10/24): ₹1,156
- Target Price: ₹1,911
- Upside Potential: 65%
- Stop Loss: ₹871
- Investment Horizon: 15-18 Months
Why invest? Polyplex is a leader in the packaging sector, and with a 65% upside, it’s well-positioned to benefit from the growing demand for packaging solutions in a wide range of industries. Its competitive edge and innovative approach promise significant gains.
9. Tata Power (Integrated Power Utilities)
- CMP (as on 18/10/24): ₹454
- Target Price: ₹548
- Upside Potential: 21%
- Stop Loss: ₹329
- Investment Horizon: 12-15 Months
Why invest? Tata Power, a key player in India’s energy and utility sector, has strong growth potential driven by the transition to renewable energy sources. The stock promises steady growth with an upside of 21%, making it a great choice for medium-term investors.
This Diwali, KSL has carefully curated a list of stocks with substantial upside potential across diverse sectors, each presenting a unique opportunity for investors. As always, KSL will continue to provide expert insights and recommendations to help investors make informed decisions.