Domestic brokerage firm HDFC Securities released its top picks for this Diwali. One of the picks is Equitas Small Finance Bank. The small-cap firm has seen a massive rally this year, going up over 95% in the past year. HDFC Securities estimates the stock could soar up to 112. The brokerage recommends buying the stock at ₹82-92 levels.
Apart from Equitas, the analysts at HDFC Securities suggest nine other stocks that they see being the top performers in the next year.
|Company||Industry||Current Price||Price Range||Target Price Till Next Diwali|
|Dr Reddys Laboratories Ltd||Pharmaceuticals||₹5,345.35||₹4,850-5,400||₹6,250|
|Equitas Small Finance Bank Ltd||Small Finance Banks||₹91.35||₹82-92||₹112|
|GAIL (India) Ltd||Gas Transmission/Marketing||₹118.7||₹106-120||₹140|
|Godrej Industries Ltd||Diversified||₹621.2||₹555-624||₹735|
|Grasim Industries Ltd||Cement||₹1,878.3||₹1,700-1,925||₹2,275|
|Gujarat Alkalies & Chemicals Ltd||Chemicals||₹712.5||₹638-718||₹875|
|Indian Oil Corporation Ltd||Refineries & Marketing||₹88.25||₹78-90||₹103|
|Kalpataru Projects International Ltd||Transmission & Distribution||₹649.9||₹580-660||₹795|
|Reliance Industries Ltd||Refineries & Marketing||₹2,310.35||₹2,075-2,325||₹2,695|
|United Spirits Ltd||Breweries & Distilleries||₹1,027.8||₹915-1,040||₹1,195|
Last year, one of the recommendations from the firm was RVNL, which has gone up over 350% in the past year.
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