Diwali 2024 Stock Picks: The auspicious occasion of Diwali is approaching. And from brokerage houses to research companies, they are bringing top stock picks for investors this Diwali which can give strong returns to investors in the coming days. JM Financial has also selected 10 such stocks on the occasion of Diwali which can generate huge earnings for investors.
The name of the country’s largest company Reliance Industries is in the top pick of JMFS Fundamental Research. It is advised to buy Reliance shares with a target price of Rs 3500 and this stock can give returns of 28 percent in 6-12 months.
The name of public sector company Power Grid Corporation is in the second top stock pick. JMFS Fundamental Research advised to buy Power Grid shares for a target of Rs 383 and this stock can also give returns of 17 percent in the coming days in 6-12 months.
JM Financial is also bullish on the shares of leading NBFC Bajaj Finance. In the research note, it is advised to buy Bajaj Finance shares for the target price of Rs 8552 or an upside of 18.6 percent in the next 6-12 months.
ICICI Lombard General Insurance has been named in the top pick of JMFS Fundamental Research. According to the research note, ICICI Lombard stock may rise by 17 percent in 6-12 months and this stock may go up to Rs 2450.
JMFS has also advised investors to buy shares of Jindal Steel and Power. According to the research note, this stock can rise by 19 percent in 6-12 months and this share can go up to Rs 1150.
JMFS Fundamental Research is also bullish on another government company, NALCO, in which the government has 51.3 percent stake. NALCO’s share also has the potential to rise by 17 percent to Rs 264 in 6-12 months.
JMFS is also bullish on Gravita India and investors have been advised to buy the company’s stock. In the next 6-12 months, Gravita India shares can show a growth of 21 percent and have the potential to reach the level of Rs 3068.
JMFS Fundamental Research is also very bullish on real estate company Macrotech Developers, popularly known as Lodha Builders. In the research note, investors have been advised to buy the shares of Macrotech Developers for a jump of 23 percent and this share can go up to Rs 1480 in 6-12 months.
JMFS Fundamental Research is also bullish on the shares of electric bus manufacturing company Olectra Greentech. According to the research note, the shares of Olectra Greentech may rise by 27 percent in the next 6-12 months and the stock has the potential to go up to Rs 2200. Apart from this, shares of Ashoka Buildcon Limited are also included in the Diwali pick of JMFS Fundamental Research. The stock can go up to Rs 290 and give investors 15 percent returns in 6-12 months.
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