Diwali Stock Picks 2024: PL Capital – Prabhudas Lilladher

Mumbai, October 25, 2024: PL Capital – Prabhudas Lilladher, one of the most trusted financial services organisations in India, has released its report on Diwali picks for 2024. Below are the top picks by institutional equities, advisory, technical and derivatives desks.

Top Diwali Picks by Institutional Equities Desk headed by Amnish Aggarwal, Director – Institutional Equities

Large Caps:

• Ambuja Cement
• Bharat Electronics
• Cipla
• ICICI Bank
• LTIMindtree
• Max Healthcare Institute
• Reliance Industries

Mid & Small Caps:

• DOMS Industries
• Praj Industries
• Safari Industries (India)

Top Diwali Picks by Advisory Desk headed by Vikram Kasat, Head – Advisory

Large Caps:

HDFC Life Insurance

Mid Caps:

Paytm

Small Cap:

Gujarat Industries Power Ltd

SME:

KP Green Engineering Ltd

Top Diwali Picks by Technical Desk headed by Vaishali Parekh, VP – Technical Research

• Buy ABB Ltd: Target: Rs 12,300, Stoploss: Rs 7,350
• Buy BEL: Target: Rs 426, Stoploss: Rs 240
• Buy BHEL: Target: Rs 390, Stoploss: Rs 215
• Buy Coal India: Target: Rs 690, Stoploss: Rs 415
• Buy Exide Industries: Target Rs 740, Stoploss: Rs 425
• Buy GMDC Ltd: Target: Rs 544, Stoploss: Rs 305
• Buy Garden Reach Shipbuilding & Engg: Target: Rs 2770, Stoploss: Rs 1420
• Buy Himadri Specialty Chemicals Ltd: Target: Rs 900, Stoploss: Rs 530
• Buy KPIT Tech: Target: Rs 2500, Stoploss: Rs 1500
• Buy NTPC: Target: Rs 590, Stoploss: Rs 360
• Buy Tata Motors: Target: Rs 1225, Stoploss: Rs 770

Top Diwali Picks by Derivatives Desk headed by Shilpa Rout, AVP – Derivatives Research

• Coal India: CMP: 487 | Entry Range: On declines till 470 Target (TGT): 545/580/610 | Stop Loss (SL): 450
• REC Ltd: CMP: 532 | Entry Range: On declines till 510 TGT: 590/650/72 | SL: 470
• Ashok Leyland: CMP: 218 | Entry Range: On declines till 212 TGT: 255/270/300 | SL: 195
• CanFin Homes: CMP: 862 | Entry Range: On declines till 820 TGT: 935/980/1020 | SL: 770
• Kotak Bank: CMP: 1782 | Entry Range: On declines till 1740 TGT: 1860/1920/1980 | SL: 1720
• Escorts: CMP: 3756 | Entry Range: On declines till 3700 TGT: 3950/4100/4400 | SL: 3600
• Reliance Ind: CMP: 2744 | Entry Range: On declines till 2700 TGT: 2950/3050/3200 | SL: 2650
• SUN TV: CMP: 757 | Entry Range: On declines till 750 TGT: 880/940/1000 | SL: 725