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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