Diwali, the festival of lights, also presents a golden opportunity for investors to brighten their portfolios. Market experts and brokerage firm Religare Broking have identified five promising stocks that could deliver significant returns in the coming year, while this festive season could be the perfect time to make strategic investments for substantial gains.
Top Stock Recommendations
Leading the list of recommendations is Power Finance Corporation (PFC). Experts project this stock could offer the highest return, approximately 26. 6%. Currently trading around ₹397, the target price set by experts is ₹502, while pFC's strong position in the energy sector makes it an attractive option for investors looking for growth.
Insurance and Industry Giants
HDFC Life Insurance is another strong contender, recommended for its safety and potential for good returns, while the brokerage firm suggests a growth of up to 17% for this stock. With a current price of ₹744, the target is set at ₹870, while india's largest conglomerate, Reliance Industries, also features on the bullish list. Experts believe this stock can deliver a 16, while 4% gain to investors, with a target price of ₹1600. It remains an excellent long-term investment option.
Other Promising Picks
Mahindra & Mahindra Financial Services is also part of the Diwali picks. Religare Broking advises buying this stock, which could yield around 14. 3% returns. Its current price is close to ₹286, with a target of ₹327. The final recommendation comes from the cement sector: Nuvoco Vistas Corporation. This stock also offers a good earning opportunity, with a potential upside of 12. 4%. Its current price is ₹425, while the target is set at ₹475.
Disclaimer:
This article is for informational purposes only and shouldn't be considered investment advice. Zoom News advises its readers and viewers to consult their financial advisors before making any money-related decisions.
