Top Stock Picks for Diwali 2023 by Brokers
Diwali, the festival of lights, is not just a time for celebrations and joy, but also an auspicious occasion for investors in the Indian stock market. In this article, we will delve into the top stock recommendations for Diwali 2023 provided by seasoned brokers. These recommendations are based on the suggested Buy Range, Target Prices, and potential upside provided by HDFC Securities and Axis Securities for the Diwali season in 2023.
🔸HDFC Securities Diwali Stock Picks:
1. Dr Reddy’s Laboratories
- Buy Range: ₹4,850-5,400
- Target Price (TP): ₹6,250
2. Equitas Small Finance Bank
- Buy Range: ₹82-92
- Target Price (TP): ₹112
3. GAIL (India)
- Buy Range: ₹106-120
- Target Price (TP): ₹140
4. Godrej Industries
- Buy Range: ₹555-624
- Target Price (TP): ₹735
5. Reliance Industries
- Buy Range: ₹2,075-2,320
- Target Price (TP): ₹2,695
🔸Axis Securities Top Diwali stock picks:
1. TVS Motor Company
- Current Market Price (CMP): ₹1,569
- Target: ₹2,100
- Upside: 34%
2. Bharti Airtel
- CMP: ₹924
- Target: ₹1,155
- Upside: 25%
3. APL Apollo Tubes
- CMP: ₹1,570
- Target: ₹1,950
- Upside: 24%
4. Jyothy Labs
- CMP: ₹358
- Target: ₹440
- Upside: 23%
5. KPIT Technologies
- CMP: ₹1,221
- Target: ₹1,500
- Upside: 23%
Join our WhatsApp Group for Trading/Investment ideas & Market Updates👇
FAQs related to the Top Stock Picks for Diwali 2023 by Brokers
1. Are stock recommendations for Diwali 2023 guaranteed to be profitable?
A: No, there are no guarantees in the stock market. Stock recommendations come with risks, and it's essential to conduct your research and consider your financial goals and risk tolerance.
2. How should I diversify my portfolio for Diwali 2023?
A: Diversification involves investing in a variety of sectors and asset classes. Consult with a financial advisor to create a diversified portfolio that suits your investment goals.
3. Should I follow all the recommendations from different brokers?
A: It's wise to consider multiple recommendations but make decisions based on your unique financial situation and goals.
4. What if I'm new to investing? Can I still benefit from Diwali stock recommendations?
A: Yes, even new investors can benefit from stock recommendations by seeking guidance from experienced brokers and financial experts.
5. What should I do if my investments are not performing as expected?
A: If your investments are not meeting your expectations, consider consulting with a financial advisor to reassess your portfolio and make necessary adjustments. DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor before making any actual investment decisions, based on the information published here. Any reader taking decisions based on any information published here does so entirely at their own risk. Investors should bear in mind that any investment in the stock market is subject to unpredictable market-related risks. The author has no plans to invest in this offer and also the author does not recommend investing in any offer published on this website.