Diwali Stock Picks 2023 Update: 24 October 2022 Samvat 2079 has been very wonderful for stock market investors in the one year period between last year’s Diwali and this year’s Diwali. In Samvat 2079, Nifty was successful in crossing the figure of 20,000 while Sensex reached near the figure of 68,000. In this one year, Nifty has given a return of 10 percent while Sensex has also given a rise of about 13.50 percent. A jump of 30 percent and 36 percent has been seen in mid cap and small cap.
Motilal Oswal Stock Pics
Stock broking company Motilal Oswal has released a report regarding the stock market outlook and this Diwali picks. According to the report, Samvat 2080 is also expected to be very good for the stock market and its investors. Assembly elections are going to be held in five states this Samvat, which will be held in 2024
Motilal Oswal has advised investors to buy shares of SBI, the country’s largest public sector bank. SBI stock is trading at Rs 574 and according to the brokerage house, the stock can go up to Rs 700 in Samvat 2080. That means SBI shares can give a return of 22 percent. Samvat 2079 has been great for Titan and Samvat 2080 is also expected to be great. Motilal Oswal has advised investors to buy shares of Titan which is currently trading at Rs 3270. Titan stock can go up to Rs 3900. The stock can give a return of 19 percent in the coming days. The brokerage house has advised investors to buy the stock of Mahindra & Mahindra (M&M) from the automobile sector which is currently trading at Rs 1492 and the stock can go up to Rs 1770 with a jump of 19 percent. The brokerage house has advised investors from the pharma sector to buy Cipla shares which are trading at Rs 1203. Cipla stock can go up to Rs 1450. That means the stock can give 21 percent return to investors in Samvat 2080. Motilal Oswal is also bullish on the stock of Indian Hotels, the Tata Group company that runs the Taj Group of Hotel chains. According to the brokerage house, investors should buy Indian Hotels stock at the current price of Rs 395 for a return of 22 percent and a target price of Rs 480. Motilal Oswal has also selected the stocks of cement company Dalmia Bharat and Raymond for Samvat 2080. According to the brokerage house, for a target price of Rs 2800 and a return of 33 percent, investors should buy the stock of Dalmia Bharat at the current level of Rs 2105. According to the brokerage house, Raymond’s stock can give a return of 38 percent. Currently the share is trading at Rs 1890 and has the potential to go up to Rs 2600. Motilal Oswal has also advised investors to buy shares of Keynes Tech, Spandana Spoorty and Restaurant Brands Asia this Samvat. The brokerage house believes that the stock of Kaynes Technology can go up to Rs 3100, which is currently trading at Rs 2455. That means the stock can give a return of 26 percent. Spandana Sporti can go up to Rs 1100 with a jump of 22 percent which is currently trading at Rs 902. Restaurant Brand Asia can go up to Rs 135 with a jump of 16 percent which is currently trading at Rs 116. Disclaimer: (The information provided here is being given for information only. It is important to mention here that investing in the market is subject to market risks. Always seek expert advice before investing money as an investor. ABPLive.com It is never advisable for anyone to invest money here.) Read this also Get more latest business news updatesSBI stock will give 22 percent return
Titan’s shine will remain intact
Bullish on Mahindra & Mahindra
Cipla will give 21 percent return
There will be a boom in Indian hotels
Bullish on Dalmatia India and Raymond
Bullish on these shares also