The Samvat year 2070 ended on a cheerful note with Sensex on Wednesday surging over 211 points to end at one-month high on renewed optimism after Modi government announced a slew of economic reforms and hopes of the ongoing festive season giving boost to corporate earnings.
“Equity markets have rallied over 25 per cent since last Diwali, largely fuelled by improving corporate earnings, expectations of tough reforms from the new government and reviving macroeconomic variables,” says an ICICI Direct Research report.
The markets have welcomed Samvat 2071 on a positive note. The Sensex gained for the fifth straight session on Thursday to end the customary 'Muhurat' trading session up 64 points at 26,851 and the 50-share Nifty closed 19 points at 8,015.
Take a look at stocks that can bring you a fortune this Diwali…
Top 10 picks from Kotak
Investment Horizon: Not specified. (From the report, however, one can conclude that these are long term bets with holding period of about a year)
Infosys Technologies
Target Price: Rs 4,191
L&T
Target Price: Rs 1,721
Maruti
Target Price: Rs 3,404
Grasim Industries
Target Price: Rs 4,163
Kansai Nerolac
Target Price: Rs 2,250
Engineers India Ltd
Target Price: Rs 315
Allcargo
Target Price: Rs 295
Geometric
Target Price: Rs 167
Zee Entertainment
Target Price: Rs 332
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Top 10 picks from ICICI Direct
Investment horizon: Not specified (From the report, however, one can conclude that these are long term bets with holding period of about a year)
Target price: Rs 3,234
UltraTech Cement
Target price: Rs 3,180
Rallis India
Target price: Rs 302
Exide Industries
Target price: Rs 220
SKF India
Target price: Rs 1,448
Maharashtra Seamless
Target price: Rs 430
Kansai Nerolac
Target price: Rs 2,396
Please click HERE to download and read the complete report
Top picks from Angel Broking
Investment horizon: 12 months
Axis Bank
Target price: Rs 501
Banco Products
Target price: Rs 182
Bank of India
Target price: Rs 310
Crompton Greaves
Target price: Rs 235
Goodyear
Target price: Rs 756
ICICI Bank
Target price: Rs 1,894
India Cements
Target price: Rs 146
Infosys
Target price: Rs 4,700
Jagran Prakashan
Target price: Rs 154
Target price: Rs 337
Punjab National Bank
Target price: Rs 1,109
Siyaram Silk Mills
Target price: Rs 952
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