Experts recommend top 10 stocks that can deliver outstanding returns

Kotak Securities and Amit Jeswani of Stallion Asset have recommended a list of 10 stocks expected to deliver outstanding returns:

Jio Financial Services by Deven Choksey: With four verticals - NBFC, Insurance, AMC, and Wealth - and a large addressable market through cross-selling to customers of Reliance Retail, Jio, and Moneycontrol, the company is poised for growth.

Tata Motors by Deven Choksey: Showing promise in the commercial vehicle, passenger vehicle, electric vehicle, and JLR portfolio segments, each area of activity is gaining traction.

Praveg by Deven Choksey: A BSE-listed small-cap company in travel services and event management, it has diverse packages catering to a broad customer base, presenting good potential.

TCS by Siddharth Bhamre: With IT enjoying valuation support and TCS available at around 21 times one year forward PE, the order book is robust, supporting expectations for higher growth.

Maruti Suzuki by Siddharth Bhamre: Despite the absence of a major thrust towards EV, the company is expected to meet its numbers through the sale of CNG vehicles, providing valuation comfort.

Axis Bank by Siddharth Bhamre: Witnessing higher-than-industry-peers growth and benefiting from the acquisition of Citibank customers, Axis Bank is maintaining its NIMs around 4.1 percent.

Canara Bank by Shrikant Chouhan: Despite trading at a discount to peers, the bank has shown strong performance and consistent upward activity, making it an optimistic choice for the next 6-12 months.

Phillips Carbon by Shrikant Chouhan: The drop in crude prices is anticipated to benefit the tire industry and indirectly aid the company, which has low leverage, low cyclicality, and improving return ratios.

Godrej Consumer by Shrikant Chouhan: With business coming from both domestic and overseas markets, especially Indonesia and Africa, the company remains robust even when volumes are dropping.

Zomato by Amit Jeswani: Jeswani sees potential in new-age tech firms like Zomato, projecting a significant increase in gross merchandise value (GMV) in FY24 and FY25, reaching Rs 40,000 crore.

This diversified list covers sectors like finance, automotive, travel, IT, banking, manufacturing, consumer goods, and technology, offering investors a range of opportunities for potential returns.