Bharti Airtel, Dabur, SBI and more; top 15 stocks to buy before Diwali

As Diwali 2024 approaches, Sharekhan has released its list of top stock recommendations, selecting 15 stocks with strong growth potential despite current market fluctuations. The recommendations include a mix of large-cap and mid-cap companies from various sectors such as telecom, finance, FMCG, real estate, and capital goods.

Here’s a detailed look at Sharekhan's top picks:

1. Reliance Industries

Reliance Industries continues to show robust performance, with strong revenue from its Oil to Chemicals (O2C) division and growth in Jio Platforms and Reliance Retail.

Current Market Price (CMP): ₹2,718

2. Bajaj Finserv

Bajaj Finserv’s diversified business model includes promising new ventures like Bajaj Finserv AMC, Bajaj Securities, and Bajaj Finserv Health, alongside a thriving lending business.

CMP: ₹1,821

3. Bharti Airtel

With substantial investments in 5G and a leading position in the Indian telecom market, Bharti Airtel is well-placed to capitalize on growing data consumption trends.

CMP: ₹1,707

4. Dabur India

As a leading FMCG company, Dabur India is poised for growth with strategies focusing on market share gains, distribution expansion, and new product launches.

CMP: ₹571

5. Dee Development Engineers

Specializing in process piping solutions, Dee Development Engineers is set to benefit from increased manufacturing capacity and strong government support in the energy sector.

CMP: ₹251

6. Hi-Tech Pipes

Hi-Tech Pipes is on track to expand its capacity significantly, supported by favorable steel prices and early access to solar projects.

CMP: ₹185

7. HUDCO

With strong government backing and a focus on affordable housing, HUDCO is expected to deliver impressive growth in book value and earnings.

CMP: ₹215

8. Larsen & Toubro (L&T)

L&T is positioned to benefit from a robust order book and expected growth in both domestic and international markets.

CMP: ₹3,576

9. State Bank of India (SBI)

SBI’s strong balance sheet and growth prospects make it a solid choice, with attractive valuations and a promising outlook.

CMP: ₹820

10. Sunteck Realty

Sunteck Realty aims for significant pre-sales growth and increased rental income, driven by a robust project pipeline.

CMP: ₹592

11. Tata Motors

With a focus on profitable growth in its commercial vehicle segment and expanding market share in the passenger vehicle market, Tata Motors is set for continued success.

CMP: ₹910

12. Mastek

Mastek’s focus on digital transformation and cloud adoption, especially in the UK public sector, positions it for substantial growth.

CMP: ₹3,018

13. Allied Blenders & Distillers

The company’s debt reduction and strategic focus on premium products are expected to significantly improve profitability.

CMP: ₹332

14. Caplin Point Laboratories

Caplin Point Laboratories’ expansion into larger markets and significant capital expenditure are expected to drive future growth.

CMP: ₹1,926

15. Dabur India

Dabur India’s recovery is anticipated due to revival in rural demand and a strong product portfolio, aiming for earnings growth over the next few years.

CMP: ₹571

Investment Disclaimer

These recommendations are based on individual analyst opinions and brokerage reports. Investors are advised to consult certified experts before making any investment decisions.