Top stocks to 'BUY' this Diwali: NCC, PNB Housing Finance among Samvat 2081 picks by HDFC Securities

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Diwali Stocks to Buy: Nifty has witnessed a sharp 28 percent rise since Diwali last year. India’s weight in global indices has been rising sharply over the past few years and continued performance will attract higher attention and allocation from large global funds.The weakening of US dollar and rate cuts by US Fed are likely to improve FPI sentiments towards our markets.The analysts at HDFC Securities compiled a list of 10 stocks - two mega caps, and 4 each in mid cap and small cap category that are likely to offer relatively limited downside and superior upside potential.Diwali Stock Picks1) Bank of India: BoI boasts a strong capital adequacy ratio, improved NIMs, and enhanced asset quality, evidenced by lower gross and net non-performing assets (GNPA & NNPA), it said in its report adding, "We recommend investors to buy the stock in the Rs 96-106 band for a target price of Rs 132 till next Diwali," it said.2) JK Lakshmi Cement Ltd: The brokerage expect the cement demand to pick up pace by H2FY25. "Taking into consideration the capacity expansion and strengthening operational performance, we expect the company to report a healthy performance in the coming years. We believe investors can buy the stock in Rs. 738-819 band (15x FY26E EPS) for a target of Rs936 (18x FY26E EPS) till next Diwali," it said.3) Jyothy Labs: JLL has successfully undergone a substantial transformation from a promoter-driven, south-centric, single product entity to a professionally managed, and multi-product company operating nationwide. "We recommend a buy on Jyothy Labs in the band of Rs 480-533 for target price of Rs 600 (43.75x FY26E EPS) till next Diwali," the analysts said.4) L&T Finance: LTF, over the years has been constantly reducing its dependence on the wholesale lending business by aggressively expanding its well diversified retail financing business. "We envisage a 18% growth in advances over FY24-FY26. and recommend investors to buy the stock in the Rs. 153-170 band for a target price of Rs. 219 (2.0x FY26 ABV) till next Diwali," it said.5) National Aluminium Company: NALCO is one of the lowest cost producers of alumina globally and has integrated operations with an increase in alumina refinery capacity. We believe investors can buy the stock in Rs. 198-220 band for a target of Rs. 270 (15x FY26E EPS) till next Diwali, it said.6) Navin Fluorine International: We recomm...

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