Diwali Picks 2024: Bajaj Finance To Jio Financial - Here Are The Top Mahurat Picks By DRChoksey

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Deven Choksey Research Report.This Diwali, consider the vast opportunities available in the market. By smartly allocating financial investments to promising sectors, you can see your investments grow dramatically over the next decade. For example, if you invest Rs 20,000 each month in equity with a target 30% compound annual growth rate over next 10 years, you would end up investing about Rs 24,00,000 (Rs 2,40,000 annually) which will grow your wealth to Rs 1.46 Crores.Here are our top stock picks recommended this DiwaliBajaj Finance - Diversification to drive business momentumKey investment rationale New business lines to drive growth in coming quartersExpanding and diversifying the product mix and geographical footprint.Strong capitalization.We assign a price/adjusted book value multiple of 4.6 times on FY26E adjusted book value of Rs 1,753.4 to arrive at a target price of Rs 8,066 per share, an upside of 16.7% over current market price. Accordingly, we maintain our “Buy” rating..Jio Financial Services - Business ramp up underwayKey investment rationale Improving operating profitability with scale up in businesses and higher investment income.Multiple product launches in the lending business.Partnerships to drive diversification of the product portfolio.Strong capital position to drive future growth.We value the bon-banking financial company based on its September 30, 2024, book value of Rs 215.9 per share. Applying a P/BV multiple of 2.0x, we further discount the value by 20% for the Holdco to arrive at a Target Price of Rs 345 per share. Given the 10.9% upside over current market price, we maintain our “Hold” rating on the shares of Jio Financial Services..Click on the attachment to read the full list of Diwali picks by DRChoksey:.Diwali Mahurat 2024 Stock Picks: Gravita India To Lupin — Here Are Top Picks By Axis Securities.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Diwali Picks 2024: Bajaj Finance To Jio Financial - Here Are The Top Mahurat Picks By DRChoksey

Take a look at the top stocks picks by DRChoksey for Samvat 2081.

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Diwali Picks 2024: Bajaj Finance To Jio Financial - Here Are The Top Mahurat Picks By DRChoksey

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