Diwali picks: 10 stocks recommended by 4 analysts for extra bright portfolio returns
Four analysts and fund managers, namely, Deven Choksey of KR Choksey, Siddharth Bhamre of Religare Broking, Shrikant Chouhan of Kotak Securities, and Amit Jeswani of Stallion Asset, recommend 10 stocks that can delivered outstanding returns.
Jio Financial Services by Deven Choksey: The company has a distinct advantage as they enter into the market with four verticals – NBFC, Insurance, AMC, and Wealth. They have a large addressable market with cross selling to customers of Reliance Retail, Jio, and Moneycontrol.
2/10
Tata Motors by Deven Choksey: Commercial vehicle segment, passenger vehicle segment, electric vehicle segment, and JLR portfolio – each of these areas of activities are now gaining traction.
3/10
Praveg by Deven Choksey: The BSE-listed smallcap company is a travel services and event management services provider. It has several packages catering to a diverse customer base. It has good potential.
4/10
TCS by Siddharth Bhamre: Right now, IT has valuation support and growth will follow. At this point of time TCS is available at around 21 times one year forward PE, a rarity. The order book is strong barring one or two quarters. We believe the trajectory of growth would be higher.
Maruti Suzuki by Siddharth Bhamre: Despite no major thrust towards EV, we believe the company will meet its numbers through the sale of CNG vehicles. Moreover, it also provides valuation comfort.
6/10
Axis Bank by Siddharth Bhamre: We are seeing decent growth, which is higher than industry peers. Also, the acquisition of Citibank customers is adding a good cushion to the margins. Where other banks have seen a decline in NIMs, we have seen Axis Bank holding to its NIMs of around 4.1 percent.
7/10
Canara Bank by Shrikant Chouhan: Despite strong performance and consistent upward activity in the stock as well as improvement in the fundamentals, it is still trading at a discount to its private and PSU banking peers. We expect the stock to do well in the next 6-12 months.
8/10
Phillips Carbon by Shrikant Chouhan: We saw a drop in crude prices which will help the tire industry and indirectly it will help the company. So broadly we are bullish on the company and we are of the view that it also has low leverage and low cyclicality, and its return ratios are consistently improving.
Godrej Consumer by Shrikant Chouhan: The company is getting its business not only from the domestic side but also from overseas, for example, Indonesia and African markets, which has actually helped the company when the volumes are dropping.
10/10
Zomato by Amit Jeswani: Jeswani believes that new-age tech firms such as Zomato can make a lot of money if things go right. Zomato’s gross merchandise value (GMV) in Q2 FY24 was at Rs 8,000 crore. "If you do the analysis, Zomato will do Rs 32,000 crore of GMV in FY24 in the food ordered through the platform; for FY25, this number would be anywhere around Rs 40,000 crore," he said.
![Zomato by Amit Jeswani: Jeswani believes that new-age tech firms such as Zomato can make a lot of money if things go right. Zomato’s gross merchandise value (GMV) in Q2 FY24 was at Rs 8,000 crore. "If you do the analysis, Zomato will do Rs 32,000 crore of GMV in FY24 in the food ordered through the platform; for FY25, this number would be anywhere around Rs 40,000 crore," he said.](https://images.moneycontrol.com/static-mcnews/2023/11/ZOMATO.jpg "Zomato by Amit Jeswani: Jeswani believes that new-age tech firms such as Zomato can make a lot of money if things go right. Zomato’s gross merchandise value (GMV) in Q2 FY24 was at Rs 8,000 crore. "If you do the analysis, Zomato will do Rs 32,000 crore of GMV in FY24 in the food ordered through the platform; for FY25, this number would be anywhere around Rs 40,000 crore," he said.")
