Samvat 2078 will go down in history as one of the most volatile years, where excitement around tech stocks and the IPO boom was followed by the Russia-Ukraine war, multi-decade high global inflation and the sharpest interest rate hikes in recent times.
“Amidst this hazy global scenario, India is today a pearl in the sea with benefits from food security, domestic demand driven economy, PLI scheme in manufacturing and defence, robust banking system with decade low NPAs, strong infra capex and rising investments. Looks like Unicorn,” brokerage and research firm Prabhudas Lilladher said in a note sharing its top stock picks for Diwali 2022.
of Prabhudas Lilladher top diwali stock picks ,
Large cap stock picks
Apollo Hospitals Enterprise with Target Price 5,000, remains its top choice in the healthcare sector; Avenue Supermart (TP: 5,121) continues to be its top choice for the transition from the unorganized to organized market in food and grocery; Bharti Airtel (TP: 1,032), ICICI Bank (TP: 950) and Mahindra & Mahindra or M&M (TP: 1,500) is its preferred choice in the auto sector.
mid cap stock picks
Ashok Leyland with target price 200 as the brokerage believes that the company will continue to recover its lost share on back model launches and revival in bus segment; Chambal Fertilizers and Chemicals (TP: 480) and Federal Bank (TP: 165).
small cap stock picks
Jubilant Ingravia with target price 860, VIP Industries (TP: 1,020) and Westlife Development (TP: 847).
The brokerage said high inflation has impacted demand in the lower and lower middle classes, but festive demand buoyed with low Covid impact, good monsoon, infra and real estate growth (promotes employment) and strong recruitment demand across sectors Is.
“While the uncertain global environment and the expected slowdown in the US and Europe are a cause for concern, we are confident that India will successfully navigate this period and emerge stronger. We prefer companies that have a presence in emerging segments, strong balance sheets and business momentum.”
The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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