Kedia Advisory has released its “Diwali Picks 2024,” recommending five stocks expected to deliver substantial returns. Here’s a summary of each stock:
- State Bank of India (SBI)
- Entry Price: ₹795
- Target Price: ₹1,240
- Upside Potential: 55.97%
- Current Market Price: ₹784.80
- 52-Week Range: ₹543.15 (low) to ₹912.10 (high)
- Market Capitalization: ₹7,00,403.54 crore
- Recent Performance: Decreased by 2.72% over the past week, down over 9% in three months, but up 42% over the last year.
- Garden Reach Shipbuilders & Engineers
- Entry Price: ₹1,660
- Target Price: ₹2,500
- Upside Potential: 50.60%
- Current Market Price: ₹1,628.90
- 52-Week Range: ₹648.05 (low) to ₹2,834.60 (high)
- Market Capitalization: ₹18,637.61 crore
- Recent Performance: Fell more than 8% in the past week and 33% over the last three months, but surged by 132% in the past year.
- National Aluminium Company Ltd
- Entry Price: ₹225
- Target Price: ₹320
- Upside Potential: 42.22%
- Current Market Price: ₹235.40
- Market Capitalization: ₹41,599.18 crore
- Recent Performance: Gained 152% in the last year and over 224% in the past two years.
- Five-Star Business Finance Ltd
- Entry Price: ₹845
- Target Price: ₹1,250
- Upside Potential: 47.93%
- Current Market Price: ₹845
- 52-Week Range: ₹601.00 (low) to ₹921.80 (high)
- Market Capitalization: ₹25,178.78 crore
- Recent Performance: Increased by 26% over the last six months but fell by 4% in the past week.
- Garware Technical Fibres Ltd
- Entry Price: ₹4,100
- Target Price: ₹5,700
- Upside Potential: 39.02%
- Current Market Price: ₹4,025.55
- Market Capitalization: ₹7,991.99 crore
- Recent Performance: Up 30% in the last year and 253% over the past five years.
These stocks present attractive investment opportunities, particularly as the Diwali season approaches, reflecting both strong growth potential and positive past performance.
Disclaimer: This information is provided for educational and informational purposes only and does not constitute investment advice. The stock recommendations from Kedia Advisory are based on their analysis and may not reflect individual investment goals or risk tolerance. Past performance is not indicative of future results. Always conduct your own research and consult with a financial advisor before making investment decisions. Investing in stocks involves risks, including the potential loss of principal.
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