70+ Best Diwali Stock Picks for 2020-2021 from leading brokerages

Best Diwali Stock Picks for 2020-2021 by leading brokerages

70+ Best Diwali Stock Picks for 2020-2021 from leading brokerages


We are approaching Diwali Samavat 2077. Stock market experts and leading stock brokerages started recommending Top Diwali stock picks for 2020-2021. Due to covid-19 pandemic, stock markets have tumbled in March/April, 2020 and could revive within 3-4 months of such fall. While we all know that stock markets are moving up and up, keeping fundamentals aside. Many stock brokerages started recommending stocks that would outperform within short term of 1 month to long term of over 5 years. Which are the Best Diwali Stock Picks for 2020-2021 recommended by major stock market experts? Which are the top Stock Picks for 2020 recommended by leading brokerages which can fetch you up to 56% returns?

Also Read: Gland Pharma IPO – Should you subscribe?

70+ Best Diwali Stock Picks for 2020-2021 from brokerage firms


Top Diwali Stock Picks from Motilal Oswal Securities for 2020-2021

1) Bharti Airtel – Target Rs 650 – Potential upside – 42%

2) SBI – Target Rs 300 – Potential upside – 37%

3) Hero Motocorp – Target Rs 3,700 – Potential upside – 26%

4) Infosys – Target Rs 1,355 – Potential upside – 23%

5) Ultratech – Target Rs 5,600 – Potential upside – 21%

6) ICICI Bank – Target Rs 525 – Potential upside – 20%

7) Crompton Consumer – Target Rs 360 – Potential upside – 17%

8) Dabur India – Target Rs 600 – Potential upside – 15%

9) PI Industries – Target Rs 2,611 – Potential upside – 13%

10) Divis Labs – Target Rs 3,520 – Potential upside – 10%

Best Diwali Stock-picks from HDFC Securities for 2020-2021

11) Cadila Healthcare – Potential upside – 17%

12) Bharti Airtel – Potential upside – 33%

13) Gujarat Gas – Potential upside – 14%

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14) Mphasis – Potential upside – 13%

15) Radico Khaithan – Potential upside – 25%

16) Infosys – Potential upside – 8%

17) United Spirits – Potential upside – 18%

18) Credit Access Grameen – Potential upside – 17.5%

19) Alembic Pharma – Potential upside – 17.2%

20) ICICI Bank – Potential upside – 13%

21) Ceat – Potential upside – 28%

22) Hindustan Petroleum – Potential upside – 8%

23) Axis Bank – Potential upside – 18%

24) Amaraja Raja Batteries – Potential upside – 16%

Diwali Stock Picks for 2020-2021 from Kotak Securities

25) Axis Bank – Target Rs 600 – Potential upside – 11%

26) Bajaj Auto – Target Rs 3,900 – Potential upside – 31%

27) L&T – Target Rs 1,300 – Potential upside – 31%

28) Ambuja Cements – Target Rs 300 – Potential upside – 19%

29) ITC – Target Rs 260 – Potential upside – 50%

30) Bajaj Finserv – Target Rs 8,000- Potential upside – 31%

31) SBI Life Insurance – Target Rs 1,700 – Potential upside – 37%

32) Infosys – Target Rs 1,400 – Potential upside – 27%

33) Hindustan Zinc – Target Rs 295 – Potential upside – 32%

34) Bharti Airtel – Target Rs 710 – Potential upside – 56%

Also Read: Which are the low priced or penny stocks Rakesh Jhunjhunwala investing?

Best Diwali Stock Picks from ICICIDirect for 2020-2021

35) Cipla

36) SBI Life Insurance

37) Ramco Cement

38) Mahendra Logistics

39) Synerge International

40) KPR Mills

41) Zydus Welness

Top Diwali Stock Picks from Yes Securities for 2020-2021

42) KPR Mills – Potential upside – 45%

43) Manappuram Finance

44) Redington India

45) Kansai Nerolac Paints

46) Mahindra and Mahindra

47) ICICI Bank

48) TCI Express

49) HDFC

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50) Radico Khaitan – Potential upside – 30%

51) Kotak Mahindra Bank

52) Crisil

Diwali Stock Picks from IDBI Capital for 2020-2021

53) APL Apollo Tubes

54) Alembic Pharmaceuticals

55) Bayer Crop Science

56) Bharti Airtel

57) Johnson Controls

58) Nestle India

59) Supreme Industries

Best Diwali Stock Picks from Sharekhan for 2020-2021

60) Amber Enterprises

61) APL Apollo Tubes

62) Asian Paints

63) Bharti Airtel

64) HDFC Life

65) Info Edge

66) IPCA Labs

67) Kotak Mahindra Bank

68) L&T

69) SRF

70) Tata Consumer

71) Tech Mahindra

Now don’t scare at me with this big list of 70+ stock recommendations from leading brokerages for 2020-2021 Diwali Muhurath. There are common stocks between the brokerage firms and one can remove them and make the list little shorter. Every stock broker has their own rationale behind the stock recommendations. But the question lies in how to pick-up best Diwali stock picks to invest for 2020-2021.  Here are a few tips.

Tip#1 – Spot Multibagger stocks from 70 odd stocks listed here

There are most recommended stocks from various stock brokers in this list. This could be a good starting point. E.g. Infosys, ICICI Bank, Bharti Airtel etc., is recommended by more than 1 broker.

Tip#2 –  Avoid NBFC stocks

Owing to the NBFC crisis in the last 2-3 years, avoid NBFC company stocks for now. Some of the brokerages are recommending Manappuram Finance etc., which would continue to be high risk. This stock gave zero returns in the last 1 year.

Tip#3 – Banking sector – Risks involved

We have seen banking frauds/crisis happening year on year (PMC earlier and Yes Bank recently as an examples). In spite of several controls and monitoring from RBI, one should assume that such frauds might continue in the banking sector. Banking stocks can witness steep downfall post Q3 and Q4 results where the NPAs can increase, which was not the case till Q2 due to moratorium period. The best way is to invest in some of the best banking mutual funds instead of picking up a banking stock which might reduce the risk to some extent.

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Tip#4 – Pharma can do better for short term

Due to covid-19, many pharma stocks have outperformed in the last 6 months. If you observe, some of the pharma mutual funds gave over 70% returns in the last 1 year. Don’t expect similar returns in future. Till the time we find covid vaccine, pharma stocks would continue to outperform.

Tip#5 – NIFTY Index could be a better one instead of individual stocks

While all these stocks are recommended by leading brokerages, there is no guarantee that these could deliver good returns. If you feel stock market would go UP in 2021, you can go for the some of the best NIFTY Index Funds instead of individual stocks.

We would provide details on most recommended Diwali stock picks which are common between the stock brokers in our next article.

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Suresh KP

2 comments

  • Venu

    Hi suresh,

    I keep purchasing few stocks(bluechip and strong fundamentals companies) every month with a long term view… I would like to ask if we see potential upside in a short term what you suggest me. I should sell it off or just accumulate for long term and sell in the long run.

    Thanks in advance for your suggestions

    Venu

    • Hi Venu, this depends on your strategy + future prospects of the stock. e.g. ICICI Bank is good for next 2 months, but post Q3/Q4 results if there is huge increase in NPAs, stock price might fall. But again, after few quarters, this stock could be best bet. In such case short or long term is good, but medium term might not be good for such stocks. I am just giving an example how the strategies work and not recommendation to buy this stock. If you want to invest for short or medium term, then such stocks (as an example given above) are good only for short term. You need to analyze that way and invest it.

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