We are approaching Diwali Samavat 2076. Leading stock brokerage firms started recommending top Diwali stock picks for 2019-2020. This year 2019 also is not that good year for stock markets as we have seen huge volatility for the entire year. Many stock brokerage firms started recommending stocks that would outperform short term of 1 month to long term of over 5 years. Which are the Best Diwali Stock Picks for 2019-2020 recommended by major stock market experts? Which are the top Stock Picks for 2019 recommended by leading brokerages which can fetch you up to 84% returns?
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50+ Best Diwali Stock Picks for 2019-2020 from brokerage firms
Best Diwali Stock Picks from India Nivesh for 2019-2020
1) LIC Housing Finance with an upside of 84% from the current market price.
2) JK Paper with an upside of 50% from the current market price.
3) Escorts with an upside of 35% from current market price.
4) Hero Motocorp with an upside of 27% from current market price.
5) Godrej Consumer Products with an upside of 26% from current market price.
Top Diwali Stock Picks from Way 2 Wealth for 2019-2020
6) ITC with an upside of 46% from current market price.
7) Axis Bank with an upside of 26% from current market price.
Good Diwali Stock Picks from Aditya Birla Capital for 2019-2020
8) Dr Lal Path Labs with an upside of 20% from current market price.
9) HDFC Bank with an upside of 20% from current market price.
10) HDFC Life with an upside of 20% from current market price.
Best Diwali Largecap stock picks from Motilal Oswal Securities for 2019-2020
11) ICICI Bank
12) SBI
13) HDFC
14) Bhari Airtel
15) L&T
16) Hindustan Unilever
17) Titan
Best Diwali Midcap stock picks from Motilal Oswal Securities for 2019-2020
18) Indian Hotels
19) M&M Fin serv
20) Ashok Leyland
21) Aditya Birla Fashions
22) JK Cement
23) Colgate
24) Petronet LNG
25) PI Industries
Diwali Stock Picks from IIFL Securities
IIFL Securities too provides best Diwali stock picks for 5 largecap stocks and 5 midcap stocks. If you worried about midcap stocks, you can go for top midcap mutual fund schemes.
Best Diwali Largecap stock picks from IIFL Securities for 2019-2020
26) Kotak Mahindra Bank
27) Axis Bank
28) ICICI Bank
29) Reliance
30) L&T
Best Diwali Midcap stock picks from IIFL Securities for 2019-2020
31) Midcaps
32) ABB
33) Gujarat Gas
34) Deepak Nitrite
35) Atul
Top Diwali Stock Picks from Nirmal Bang Securities for 2019-2020
36) APL Apollo Tyres
37) DCB bank
38) India Metal Ferro Alloys
39) Jubilent Lifesciences
40) Polycab Indai
41) Anup Engg
42) Welspun corp
Diwali Stock Picks from Axis Securities for 2019-2020
43) Hindustan Unilever
44) Kotak Bank
45) ICICI Bank
46) Asian Paints
47) HCL Tech
48) SBI Life insurance
49) Dr. Reddy’s
50) Aarti industies
51) Mindtree
52) Dixon Tech
53) Lumax Ind
Top Diwali Stock Picks from Anandrathi Securities for 2019-2020
54) Reliance Nippon Life
55) Reliance industries
56) ICICI Pru Life
57) Bharat Electronics
58) HUL
59) Indrapraastha Gas
Best Diwali Stock Picks from HDFC Securities for 2019-2020
60) Affle India
61) Amber Enterprises
62) Apollo Hospitals
63) Bajaj Auto
64) BEML
65) Deepak Nitrate
66) Fairchem Speciality
67) Garden Research Shipbuilders
68) Muthoot Finance
69) SBI Life insurance
70) Sudarshan Chemicals
71) Ultratech Cement
Which are the Best Diwali Stock Picks in 2019 among these 70 odd stocks?
Now don’t look at me with this big list of 70+ stock recommendations from leading brokerages. Even we remove some common among these brokerages, the list is as high as 60+ stocks. I am not here to tell you which one is good and which is bad. Every brokerage firm has their own view about such stocks. But let me provide some tips to filter good stocks from this.
Tip#1 – Spot Multibagger stocks from this list
While all these stocks are recommended by leading brokerages, there is no guarantee that these could be multi-bagger stocks. One of the way is check how many such brokerages are recommending now. E.g. ICICI Bank, HDFC are being recommended by several brokerages. This could be first step in identifying a good stock. Then you start your next level analysis about its financials, how fancy is that stock etc. before you go for investment.
Tip#2 – Avoid NBFC Company stocks
Owing to NBFC crisis going on, avoid NBFC company stocks for now. Some of the brokerages like HDFC securities are recommending Muthoot Finance etc., which are high risk as of now. However, investing in high credit rating companies like LIC Housing Finance or M&M Financial Services could be still okay. Recently we reviewed LIC Housing Finance Fixed Deposit Scheme where we provided credit rating details also about these company FDs.
Tip#3 – Banking sector – Risks involved
Last year we have seen PNB fraud and currently seen PMC bank fraud. Inspite of several controls from RBI, you should assume that such frauds would continue in banking sector. Avoid investing in single bank stock. Instead, one can go for some of the best Banking Sector Mutual Funds that can reduce risk.
Tip#4 – Invest in NIFTY Index if you need just consistent but steady returns
While all these stocks are recommended by leading brokerages, there is no guarantee that these could deliver good returns. If you feel you just need stable returns, but think there is potential in stock market index, you can go for the NIFTY Index Fund instead of individual stocks.
Wish you a Happy Diwali / Deepavali !!!
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Suresh
50+ Best Diwali Stock Picks for 2019-2020 from brokerage firms
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