Diwali Stock Picks 2024 : Top Recommendations for Long-Term Gains

As Diwali 2024 approaches, domestic brokerages have handpicked more than two dozen stocks across various sectors, perfect for those seeking long-term gains. Leading brokerages, including Axis Securities, HDFC Securities, JM Financial, and Ventura Securities, have recommended stocks from finance, pharmaceuticals, IT, FMCG, and other sectors. These picks cover a broad range of companies from largecap, midcap, and smallcap categories, with investment horizons spanning 6 to 30 months.

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Here’s a look at some key stocks that experts suggest adding to your portfolio this Diwali:

Largecap Stocks to Buy

• Inox Wind – Axis Securities targets Rs 270
• KPIT Technologies – Target of Rs 2,150 from Axis Securities
• Lupin – Buy recommendation with Rs 2,600 target from Axis Securities
• IHCL (Indian Hotels Company Ltd) – Target of Rs 800 recommended by Axis Securities
• UNO Minda – Rs 1,090 target by Axis Securities
• NALCO – HDFC Securities targets Rs 270
• Tejas Networks – Ventura Securities suggests a target of Rs 1,850
• Dixon Tech – Target of Rs 19,070 by Angel One
• Torrent Power – Angel One recommends Rs 2,300 target

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Midcap Stocks to Buy

• Gravita India – Axis Securities targets Rs 3,000, while JM Financial suggests Rs 3,068
• HG Infra – Axis Securities sets a target of Rs 1,700
• JK Lakshmi Cement – HDFC Securities’ target of Rs 936
• Navin Fluorine – Target of Rs 3,948 by HDFC Securities
• eClerx Services – Angel One sets a Rs 3,700 target
• Praj Industries – Angel One suggests a target of Rs 940
• Olectra Greentech – JM Financial recommends Rs 2,200

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Smallcap Stocks to Buy

• Arvind Smartspaces – Axis Securities sets a target of Rs 1,085
• Fino Payments Bank – Ventura Securities recommends Rs 856

(Disclaimer: Investment recommendations in this article are provided by market experts. Readers should consult with financial advisors before making any investment decisions.)