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MARKET SNAPSHOT

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  • BSE SENSEX
    1. 1443442
    2. -965.56
    3. 1443 %
  • BSE SENSEX
    1. 1443442
    2. -1000.56
    3. 30000 %
  • BSE SENSEX
    1. 1443442
    2. -1000.56
    3. 30000 %
  • BSE SENSEX
    1. 1443442
    2. -1000.56
    3. 30000 %
  • BSE SENSEX
    1. 1443442
    2. -1000.56
    3. 30000 %
  • Last Update:09 Nov,2017
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  • CURRENCY
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  • YEN TO IND
    1. 1443442
    2. -965.56
    3. 1443 %
  • BSE SENSEX
    1. 1443442
    2. -1000.56
    3. 30000 %
  • BSE SENSEX
    1. 1443442
    2. -1000.56
    3. 30000 %
  • BSE SENSEX
    1. 1443442
    2. -1000.56
    3. 30000 %
  • BSE SENSEX
    1. 1443442
    2. -1000.56
    3. 30000 %
  • Last Update:09 Nov,2017
  • Show All
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Diwali Stock Picks:

The markets were in a roller coaster ride this year while Sensex and Nifty recorded the biggest single day gain this year in almost a decade. It’s time to cheer as Diwali is round the corner. Diwali, the festival of lights is considered to be a very special occasion which spreads the fragrance of optimism and prosperity all over. As we celebrate the spirit of Diwali, it is very essential for us to try all means to build a safe future by investing in the best diwali stock picks. You can spend all your time enjoying the festive mood as we have put in all our efforts to provide you with diwali stocks recommendation. These best stocks to buy in diwali will brighten up your Diwali even more!

Here, we have come with an exclusive list of diwali stock picks that would help you plan your investments in a better way for wealth creation.

HDFC Bank:

Loan growth improved to 19.5% YoY as against 17% YoY in the previous quarter, which was the lowest in past eight quarters. Corporate book growth improved to 28% YoY. Deposits growth also improved at 22.6% with CASA remaining stable at 39.3%.

Target price - Rs. 1490
Upside potential - 20%

Hindustan Petroleum:

Q1FY20 had a stable performance which is expected to continue in coming quarters. In terms of marketing sales, HPCL increased 1.9% QoQ to 9.8 MMT, on account of lower-than-expected LPG and diesel sales. Going forward, it is expected that marketing sales volumes to grow at a rate of 4-5%. With the volume growth expectations, the marketing segment is expected to give strong performance in the coming quarters.

Target price - Rs. 375
Upside potential - 18%

ICICI Bank Ltd:

The bank is focusing exclusively on working capital loans to AAA rated corporates only. While the management is actively pursuing co-lending with NBFCs, it is going slow on NBFC exposure and is lending to only central government owned NBFCs or top notch private sector NBFCs like PFC, REC, HDFC, HDB Financial, etc.

Target price - Rs. 532
Upside potential - 18%

ITC Ltd:

Market expects volumes to turn around from H2FY20E onwards and is factoring in a growth of 9.7% in the topline and 14.7% CAGR in the bottomline over FY19-21E. Strong growth in the branded packaged food business, personal care and education & stationery segment (51% of revenues) has helped consolidated non – core business segments.

Target price - Rs. 323
Upside potential - 30%

Petronet lng Ltd:

Strong backing of LT contracts with off-takers gives PLNG an edge over its competitors. Management expects demand growth of 10%, majorly driven by CGD sector as new Geographical Areas (GAs) allotted in recent rounds become operational. PLNG has signed MOUs with GUJGAS and IGL to set up LNG gas dispensers in their respective GAs.

Target price - Rs. 319
Upside potential - 16%

Pidilite Industries Ltd:

The recent tax cut by the government along with benefit of reduction in VAM prices is likely to boost earnings of the company. Overseas subsidiaries recorded a revenue growth of 11% led by strong performance by the company in Bangladesh and Sri Lanka.

Target price - Rs. 1582
Upside potential - 17%

Shriram Transport Finance Co. Ltd:

Shriram Transport Finance Company (STFC) enjoys a dominant position in the pre-owned CV financing space which has been the company’s flagship segment over the past four decades. New CV sales outlook for FY20 is neutral with potential pre-buying ahead of implementation of BS-VI (from April 2020 onwards) as vehicle prices are expected to increase 10-12% post BS-VI.

Target price - Rs. 1286
Upside potential - 15%

State Bank of India:

During Q1FY20, SBI reported stable asset quality. Provision coverage ratio stood at 79% showing robust improvement over the past quarters. As the bank is done with NPA recognition, with a PCR of 79% and NPA target ratio of 1%, we expect asset quality to improve further.

Target price - Rs. 318
Upside potential - 17%

Coal India Ltd:

CIL is poised to play a greater role as energy supplier. During 2018-19, around 81% of the company’s entire coal supply was catered to power sector. All the subsidiaries of CIL had earned profits during the year.

Target price - Rs. 257
Upside potential - 23%

Dr. Reddy’s Laboratories Ltd:

The company has a strong cash & cash equivalents of Rs 28.43 Bn as of June 2019 and has low debt on its books. Dr Reddy’s is open to acquire in US or any other region along with opportunities in the branded space with preference for India and the EM space.

Target price - Rs. 3259
Upside potential - 16%

Cash in on the huge investing opportunity this Diwali by buting our diwali picks 2019. Happy Diwali and Happy Investing!

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