Diwali Stock Picks 2025: JM Financial bets on 12 shares for up to 31% potential upside

About this update from Ratnamani Metals & Tubes Ltd.

Maruti Suzuki India, Fiem Industries, Axis Bank, IIFL Finance, L&T Finance, Apollo Hospitals, Lloyds Metals & Energy, Ratnamani Metals & Tubes, Brainbees Solutions, Anant Raj, Eureka Forbes, Astral are the 12 names that feature in JM Financial's list of Diwali stock picks for Samvat 2082. The brokerage sees an upside potential of up to 31% for these stocks. Here's a look at these names: Maruti Suzuki India | JM Financial sees a 16% potential upside on India's largest passenger car manufacture with a price target of ₹19,000 per share. The stock is its top pick in the auto segment. It expects the company's revenue and net profit to grow at a Compounded Annual Growth Rate of 18% and 23% respectively over financial year 2025-2027. Fiem Industries | JM Financial has a price target of ₹1,600 for Fiem Industries, which implies a potential upside of 22% from current levels. It values the stock at 16 times financial year 2027 estimated Earnings Per Share, which, according to JM Financial, is attractive. It expects Fiem to report an earnings CAGR between 20% to 22% over financial year 2025-2027. Axis Bank | JM Financial retains its preference for large private banks over mid-sized ones given their strong returns profiles, better liability franchise, lower asset quality risk and attractive valuations relative to growth. Therefore, it bets on Axis Bank with a price target of ₹1,330, implying a potential upside of 12% from current levels. Higher-than-expected decline in margins is a key risk factor. IIFL Finance | JM Financial sees a 22% upside on the stock with a price target of ₹600 per share. The brokerage is of the view that valuation comfort and earnings recovery would drive re-rating and makes risk reward favourable. Continuous momentum in gold prices could result upward revision of earnings estimates and quality of loan portfolio, it added. L&T Finance | The brokerage has set a price target of ₹300 per share for the stock, indicating a potential upside of 12% from its previous close. It expects the company to sustain its growth momentum with healthy traction in the September quarter, followed by a strong acceleration in the second half of FY26, supported by festive season demand. Apollo Hospitals Enterprise | JM Financial has a 17% upside on the stock with a price target of ₹9,000 per share. The company is undergoing a strategic restructuring involving the deme...

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