Samvat 2083: Mirae Asset Sharekhan's top Diwali stock picks across large, mid and small caps; upside up to 37%

Diwali Muhurat trading stock picks: As the Indian stock market enters Samvat 2083, investors are looking for fresh opportunities to strengthen their portfolios during the Diwali season. Brokerage firm Mirae Asset Sharekhan has released its list of preferred stocks across large-cap, mid-cap and small-cap categories, identifying 15 companies with potential upside of up to 37 per cent.

The brokerage’s recommendations include established companies such as Bharti Airtel, ICICI Bank, Larsen & Toubro (L&T), Titan Company and UltraTech Cement in the large-cap segment. Its mid-cap picks include Indian Hotels, Navin Fluorine International, Welspun Corp, Tata Consumer Products and Radico Khaitan.

In the small-cap category, the brokerage has identified Dee Development, Karnataka Bank, Lumax Auto Technologies, Sagility and VA Tech Wabag. Dee Development features the highest potential upside in the list at 37 per cent.

Here is a category-wise look at Mirae Asset Sharekhan’s Diwali stock recommendations for Samvat 2083.

Mirae Asset Sharekhan’s large-cap Diwali stock picks

The brokerage has selected five large-cap stocks for Samvat 2083, with ICICI Bank offering the highest potential upside of 27 per cent in this category.

1. Bharti Airtel: Mirae Asset Sharekhan has set a target price of Rs 2,350, indicating a potential upside of 21 per cent.
2. ICICI Bank: The brokerage has assigned a target price of Rs 1,750, implying an upside of 27 per cent.
3. Larsen & Toubro (L&T): The target price stands at Rs 4,700, suggesting a potential upside of 24 per cent.
4. Titan Company: The brokerage has given a target of Rs 5,287, indicating an upside of 22 per cent.
5. UltraTech Cement: The target price is Rs 13,500, with a potential upside of 22 per cent.

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Mid-cap stocks picked by Mirae Asset Sharekhan

In the mid-cap segment, the brokerage has identified five companies across hospitality, chemicals, consumer products, industrials and alcoholic beverages.

1. Indian Hotels Company: The brokerage has set a target price of Rs 928, indicating a potential upside of 15 per cent.
2. Navin Fluorine International: The target price stands at Rs 9,500, implying an upside of 12 per cent.
3. Welspun Corp: Mirae Asset Sharekhan has assigned a target of Rs 3,150, indicating a potential upside of 24 per cent.
4. Tata Consumer Products: The brokerage has set a target price of Rs 1,197, suggesting an upside of 20 per cent.
5. Radico Khaitan: The target price is Rs 5,012, indicating a potential upside of 21 per cent.

Small-cap stocks with up to 37% upside potential

The small-cap category features five stocks, with Dee Development Engineers offering the highest potential upside of 37 per cent. Karnataka Bank and VA Tech Wabag also feature prominently, with upside of 33 per cent each.

1. Dee Development Engineers: Mirae Asset Sharekhan has set a target price of Rs 750, indicating a potential upside of 37 per cent.
2. Karnataka Bank: The brokerage has assigned a target of Rs 415, suggesting an upside of 33 per cent.
3. Lumax Auto Technologies: The target price stands at Rs 2,490, indicating a potential upside of 22 per cent.
4. Sagility: Mirae Asset Sharekhan has set a target price of Rs 53, implying an upside of 17 per cent.
5. VA Tech Wabag: The brokerage has given a target of Rs 2,400, suggesting a potential upside of 33 per cent.

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