Diwali stock picks: SBI Securities lists 11 stocks with up to 22% upside potential. Do you own any?
As India prepares to celebrate Diwali next week, investors will welcome Samvat 2083 after a challenging year for equities.SBI Securities expects a gradual recovery after two years of consolidation. The primary catalyst for this recovery, according to the brokerage, will be a pullback in crude oil prices below $90 per barrel.“We remain optimistic about forward outlook and believe domestic equities…
As India prepares to celebrate Diwali, SBI Securities has identified 11 stocks with potential upside of up to 22% for the upcoming market recovery. The brokerage expects a gradual recovery after two years of consolidation, driven by factors such as a pullback in crude oil prices, potential US-India trade deal conclusion, India's export basket diversification, global AI trade reversal, and government reforms to accelerate economic growth.
The sectors that may generate wealth creators include auto OEMs and auto ancillaries, capital goods, engineering, defense, aerospace, railway safety, power equipment, pharma ancillary, import substitution, BFSI, EMS, recycling, new age platform businesses, pharma CDMO & chemicals, structural steel tubes, discretionary consumption, and metals or mining.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
