Diwali 2024 Stock Picks: 5 Stocks to Buy
As Diwali approaches, StoxBox has identified five stocks that could enhance your investment portfolio for Samvat 2081. These stocks show strong fundamentals and potential for growth across different sectors, including biotechnology and real estate.
- Advanced Enzyme Technologies Ltd (AETL)
- Buy Range: ₹444-450
- Target Price: ₹533 by next Diwali (potential upside of 19%)
- The global markets for enzymes and probiotics are expected to grow significantly. AETL’s diverse products and strong research and development position it well to benefit from this trend.
- Ami Organics Ltd
- Buy Range: ₹1,610-1,620
- Target Price: ₹1,897 by next Diwali
- The company expects a 25% growth this year, thanks to strong order wins and a significant market share in chronic therapies. Its partnerships and solid export performance position it for continued success.
- BEML Ltd
- Buy Range: ₹3,770-3,800
- Target Price: ₹4,546 by next Diwali (20% upside)
- BEML plays a vital role in defense, railways, and construction. With a strong order book and ongoing projects, it is well-positioned for long-term growth through strategic expansion and increased investment.
- Reliance Industries Ltd (RIL)
- Buy Range: ₹1,330-1,345
- Target Price: ₹1,568 by next Diwali
- Despite a projected drop in 2025, RIL is expected to rebound due to growth in retail and telecom. The company is investing heavily in solar energy and AI services, aiming for significant revenue increases in the coming years.
- TARC Ltd
- Buy Range: ₹222-227
- Target Price: ₹260 by next Diwali
- TARC is well-positioned in the real estate market with a strong land bank and ongoing projects. The rising demand for housing in India supports its growth strategy, aiming for substantial presales in FY25.
These stock picks from StoxBox are based on solid fundamentals and market trends, making them attractive options for investors this Diwali.
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