Diwali Stock Picks: Only one week is left for Diwali and preparations are going on in the stock market. There are many stocks which have given good returns to their investors in the entire year from Diwali 2023 to Diwali 2024. Now investors are looking for those stocks which can enhance their portfolio returns till next Diwali and enhance both their wallet and stock market returns. Stock market’s leading research firm Kedia Advisory has identified such stocks in its advisory note which can give you great returns till next Diwali.
1. State Bank of India
There is still a chance in SBI, the country’s largest government bank, whose shares have gained a lot in the last one year. If you take entry in it at Rs 795 i.e. the current price, then it is expected to go up to Rs 1240. In this way, you can get a return of 55.97 percent within one year.
2. Garden Reach Shipbuilders
After taking entry at Rs 1660, you wait and this share can go up to Rs 2500 by next Diwali. If seen this way, there can be a chance of 50.60 percent return in it. This company is in the business of manufacturing port ships.
3. Five Star Business Finance Limited
With entry at Rs 850 in Five Star Business Finance Limited, the price is expected to reach Rs 1250 by next Diwali. It is expected to yield 47.93 percent return.
4. Praj Industries Limited
Take entry in Praj Industries Limited at Rs 750 and it is expected to go up to Rs 1100. If seen in percentage terms, it is expected to yield a return of Rs 46.67 per share.
5. Computer Age Management
Take entry in Computer Age Management at the rate of Rs 4480 per share and it is expected to go to Rs 6500 per share. In this way, it is expected to get a return of Rs 45.09 per share.
6. Munjal Auto Industries Limited
Munjal Auto Industries Limited is an auto ancillary company and its shares are expected to rise further. This share is not too expensive and you can enter it at Rs 132.50 per share, you can get a price of Rs 190 per share which can be a gain of Rs 43.50 per share.
7. National Aluminum Company Limited (NALCO)
Shares of this giant company of metal sector can be bought at Rs 225 per share and the price can go up to Rs 320. You can get 42.22 percent return per share.
8. Garware Technical Fibers Limited
Take entry in the stock of Garware Technical Fibers Limited at Rs 4100 per share and it is expected to go up to Rs 5700. Based on this, it is estimated to get a return of 39.02 percent. A return of around 40 percent can be considered good for any share.
9. Devyani International Limited
You can buy Devyani International Limited at Rs 167 per share and it can go up to Rs 225 per share. In this way, it can get 34.33 percent return.
10. Dewey’s Laboratories Ltd.
DVeez Laboratories Limited, also known as DVeez Labs, comes under the category of good stocks. This share looks good for entry at Rs 5850 per share and prices up to Rs 7600 per share can be seen.
Keep in mind that you can buy these shares with a target of one year and through this you get support of both good returns and growth of your portfolio. Last time, the shares in which Kedia Advisory had given investment target had given a return of 24.81 percent. If seen this way, if you had invested Rs 1 lakh, it would have become Rs 1 lakh 24 thousand 810 even before this Diwali.
Note: It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. ABPLive.com never advises anyone to invest any money.
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