These are the 10 most common stocks in Diwali picks from broking firms

Nov 3, 2021

By: Bhakti Makwana

Here are the most common 10 stocks recommended by broking firms...

...including ICICIdirect, Kotak Securities, HDFC Securities, Nirmal Bang and many others to invest this Diwali.

Credit: Unsplash

Infosys — stock up 35 percent in 2021

The Bengaluru-based information technology (IT) company is currently in a strong growth and demand scenario. The management has upgraded its growth guidance for FY22 to 16.5 percent-17.5 percent from 14 percent-16 percent earlier.

Credit: BCCL

ICICI Bank — stock up 51 percent in 2021

ICICI Bank has been growing its loan book at a rapid pace and was one of the fastest growing banks in FY21. Analysts expect the bank’s profit to grow strongly in the next two years driven by credit growth.

Credit: BCCL

HCL Technologies — stock up 23 percent in 2021

IT major HCL Tech is another tech company loved by brokerages because of consistent deal wins. Increasing client spend on digital investments and cloud transformations is expected to remain buoyant, according to brokerage firms.

Credit: BCCL

Mindtree — stock up 183 percent in 2021

The Bengaluru-based IT firm, part of L&T group, is a digital solutions provider. Analysts believe Mindtree enjoys a resilient business structure and has a proven track record of strong and efficient execution capabilities.

Credit: BCCL

SBI Life — stock gains 30 percent in 2021

SBI Life Insurance is a joint venture between the SBI and BNPPC, an insurance subsidiary of BNP Paribas. SBI Life enjoys a strong competitive advantage on account of its bancassurance with the State Bank of India.

Credit: BCCL

Inox Leisure — stock up 49 percent this year

With 658 screens at 156 multiplexes in 70 cities, Inox Leisure is the second-largest multiplex operator. Brokerage firms believe the company is well placed to capitalise strong pent-up demand as the vast majority of Indians are vaccinated.

Credit: BCCL

ACC — stock has gained 47 percent in 2021 so far

Analysts at several brokerage firms see a robust outlook for the cement maker on the back of notable revival in infrastructure and housing projects with higher spending by the government.

Credit: BCCL

L&T — stock climbs 40 percent in 2021

Larsen & Toubro’s strong brand, technical expertise, execution track record, healthy balance sheet and prudent management act as a strong moat. Moreover, the management is optimistic on healthy order inflows in the next couple of years.

Credit: BCCL

Action Construction Equipment — stock spikes 72 percent in 2021

Action Construction Equipment is India’s leading material handling and construction equipment manufacturing firm. Brokerage firms believe it is well positioned to seize the growth opportunities arising from domestic capex recovery and increased government spending on infrastructure.

Credit: BCCL

What Charlie Munger's death means for Warren Buffett and Berkshire Hathaway