Diwali Picks 2020: Fireworks continue in the stock market before Diwali. The stock market has again set its record high. In today’s trade, the Nifty crossed the 12500 mark. At the same time, the Sensex also crossed 43 thousand. Market experts are assuming that this boom of the market will continue even further. In such a situation, you can improve your portfolio before Diwali. Brokerage house Religare Broking has advised investing in 8 such shares for Diwali. According to the brokerage, these stocks can get 58 percent return till next Diwali. You too can keep an eye on these stocks.
Target: Rs 105
Current Price: Rs 85
According to the brokerage, there will be good growth in the domestic commercial vehicle industry, which will benefit Ashok Leyland. The government is increasing spending on infra, mining, so that economic activity is accelerated. This will increase the demand for commercial vehicles. Ashok leyland
CV is in a strong position in the segment. The company is focusing on increasing its revenue from LCVs, exports and defense sectors.
Target: Rs 709
Current Price: Rs 450
Airtel is one of the leading global telecom companies, whose business is spread across 18 countries. Airtel will benefit from consolidation in the telecom sector in India. Airtel’s hard-core base is strong. ARPU is the best in the industry. Debt is gradually decreasing. The company has the potential to increase its market share.
Crompton Greaves Consumer Electricals
Target: Rs 370
Current Price: Rs 309
Crompton Greaves’ market share in the ECD segment has been steadily increasing. The company’s product portfolio is strong. The company has launched some new innovative products. The company’s brand position is better. The company is focusing on increasing its revenue from the premium portfolio. It will be further benefited.
Target: Rs 552
Current Price: Rs 443
ICICI Bank is in the leading lender of the private sector. The Covid 19 epidemic has affected the banking sector of the entire country, but ICICI Bank is benefiting from the RBI measures. The impact of Covid 19 by the bank is gradually decreasing. It is clear from the results of the second quarter that the bank’s performance in the green segment has improved. Asset quality is improving. Loan growth is also visible. The company does not have a lack of liquidity.
Kansai Nerolac paint
Target: Rs 615
Current Price: Rs 512
Target: Rs 1181
Current Price: Rs 961
Nippon Life India Asset Management
Target: Rs 348
Current Price: Rs 285
Sudarshan Chemical Industry
Target: Rs 583
Current Price: Rs 442
Note: We have given information here based on the report of the brokerage house. Considering the risk of the market, consult the experts at your level before investing.