Old-economy, banking and finance stocks dominate in Deepavali picks by brokerages
Despite deep corrections, analysts not keen on Infy, TCS, Wipro; Reliance, Jio Platforms also do not generate interest
Traditional old-economy and banking and finance stocks are back as favourites among domestic brokerages for the upcoming Samvat 2083, with several companies featured in their Deepavali picks. While new-economy names such as digital infrastructure, cloud computing, artificial intelligence, e-commerce, and software did attract some interest, analysts remain cautious about most of them.
Notably, Bharti Airtel, L&T Bank, ICICI Bank, Indian Hotels, Kotak Mahindra Bank, and Eternal were among the top picks, while major IT companies like TCS, Infosys, and Wipro, as well as Reliance Industries and Jio twins, were not featured in most brokerages' picks.
Brief written by urgent.news from Hindu BusinessLine's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
