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Rediff.com  » Business » Stocks that can bring you a fortune this Diwali

Stocks that can bring you a fortune this Diwali

Last updated on: October 23, 2014 20:48 IST

A Hindu priest holds traditional earthen lamps in front of computers while offering prayers during 'Muhurat' (auspicious) trading.. Photograph: Reuters

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)

Image: Infosys campus. Photograph: Reuters

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

Please click HERE to download and read the complete report

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)

State Bank of India

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 

Mangalam Cement
Target price: Rs 337

Punjab National Bank
Target price: Rs 1,109

Siyaram Silk Mills
Target price: Rs 952

Please click HERE to download and read the complete report

Rediff Business Desk