Prabhudas Lilladher Capital's Top Diwali 2024 Stock Picks

Photo Credit: Unsplash Here are the hottest stock picks from the brokerage for Diwali. Sreshti Srinivasan Updated On 04:03 PM IST, 29 Oct 2024

ABB Ltd.

Current market price: Rs 8,750 per share. Target: Rs 12,300 per share. Stop loss: Rs 7,350. The stock is in a strong uptrend, consolidating near 7,800, the brokerage said. Photo Credit: Company [{ "selector": ".story-desp_p", "duration": "1.2s", "easing": "ease-in-out", "keyframes": [{ "opacity": 0 }, { "opacity": 1 }, { "opacity": 1 } ] }, { "selector": ".substory_h1", "duration": "0.75s", "easing": "linear", "keyframes": [{ "transform": "translateY(40px)", "opacity": 0 }, { "transform": "translateY(0px)", "opacity": 1 }, { "transform": "translateX(0)", "opacity": 1 } ] } ]

Bharat Electronics Ltd.

Current market price: Rs 284 per share. Target: Rs 426 apiece. Stop loss: Rs 240 per share. The stock has declined over the past three months, forming a double bottom near support, and is showing signs of a pullback. Photo Credit: Company [{ "selector": ".story-desp_p", "duration": "1.2s", "easing": "ease-in-out", "keyframes": [{ "opacity": 0 }, { "opacity": 1 }, { "opacity": 1 } ] }, { "selector": ".substory_h1", "duration": "0.75s", "easing": "linear", "keyframes": [{ "transform": "translateY(40px)", "opacity": 0 }, { "transform": "translateY(0px)", "opacity": 1 }, { "transform": "translateX(0)", "opacity": 1 } ] } ]

Bharat Heavy Electricals Ltd.

Current market price: Rs 254 per share. Target: Rs 390 per share. Stop loss: Rs 215 apiece. The stock declined from its peak and has stabilised near support levels, recently showing signs of a revival and improved bias. Photo Credit: Unsplash [{ "selector": ".story-desp_p", "duration": "1.2s", "easing": "ease-in-out", "keyframes": [{ "opacity": 0 }, { "opacity": 1 }, { "opacity": 1 } ] }, { "selector": ".substory_h1", "duration": "0.75s", "easing": "linear", "keyframes": [{ "transform": "translateY(40px)", "opacity": 0 }, { "transform": "translateY(0px)", "opacity": 1 }, { "transform": "translateX(0)", "opacity": 1 } ] } ]

Coal India Ltd.

Current market price: Rs 490 per share. Target: Rs 690 apiece. Stop loss: Rs 415 per share. After a brief correction, the stock consolidated near support, and a positive candle suggests it may soon break key resistance, the brokerage said. Photo Credit: Unsplash [{ "selector": ".story-desp_p", "duration": "1.2s", "easing": "ease-in-out", "keyframes": [{ "opacity": 0 }, { "opacity": 1 }, { "opacity": 1 } ] }, { "selector": ".substory_h1", "duration": "0.75s", "easing": "linear", "keyframes": [{ "transform": "translateY(40px)", "opacity": 0 }, { "transform": "translateY(0px)", "opacity": 1 }, { "transform": "translateX(0)", "opacity": 1 } ] } ]

Exide Industries Ltd.

Current market price: Rs 497 per share. Target: Rs 740 per share. Stop loss: Rs 425 per share. The stock has gradually declined but recently formed a strong bullish candle, suggesting it may rise after breaking key resistance. Photo Credit: Company [{ "selector": ".story-desp_p", "duration": "1.2s", "easing": "ease-in-out", "keyframes": [{ "opacity": 0 }, { "opacity": 1 }, { "opacity": 1 } ] }, { "selector": ".substory_h1", "duration": "0.75s", "easing": "linear", "keyframes": [{ "transform": "translateY(40px)", "opacity": 0 }, { "transform": "translateY(0px)", "opacity": 1 }, { "transform": "translateX(0)", "opacity": 1 } ] } ]

Gujarat Mineral Development Corp. Ltd.

Current market price: Rs 358 apiece. Target: Rs 544 per share. Stop loss: Rs 305 per share. The stock fell from 506 to 308, signaling a pullback. RSI recovery suggests strong upside potential ahead, the brokerage said. Photo Credit: Unsplash [{ "selector": ".story-desp_p", "duration": "1.2s", "easing": "ease-in-out", "keyframes": [{ "opacity": 0 }, { "opacity": 1 }, { "opacity": 1 } ] }, { "selector": ".substory_h1", "duration": "0.75s", "easing": "linear", "keyframes": [{ "transform": "translateY(40px)", "opacity": 0 }, { "transform": "translateY(0px)", "opacity": 1 }, { "transform": "translateX(0)", "opacity": 1 } ] } ]

Garden Reach Shipbuilders & Engineers Ltd.

Current market price: Rs 1,750 per share. Target: Rs 2,770 per share. Stop loss: Rs 1,420 per share. The stock declined from Rs 2,833 to 1,700, with recent consolidation. A positive candle and rising RSI suggest potential upside ahead. Photo Credit: Unsplash [{ "selector": ".story-desp_p", "duration": "1.2s", "easing": "ease-in-out", "keyframes": [{ "opacity": 0 }, { "opacity": 1 }, { "opacity": 1 } ] }, { "selector": ".substory_h1", "duration": "0.75s", "easing": "linear", "keyframes": [{ "transform": "translateY(40px)", "opacity": 0 }, { "transform": "translateY(0px)", "opacity": 1 }, { "transform": "translateX(0)", "opacity": 1 } ] } ]

Himadri Speciality Chemical Ltd.

Photo Credit: Jroballo [{ "selector": ".story-desp_p", "duration": "1.2s", "easing": "ease-in-out", "keyframes": [{ "opacity": 0 }, { "opacity": 1 }, { "opacity": 1 } ] }, { "selector": ".substory_h1", "duration": "0.75s", "easing": "linear", "keyframes": [{ "transform": "translateY(40px)", "opacity": 0 }, { "transform": "translateY(0px)", "opacity": 1 }, { "transform": "translateX(0)", "opacity": 1 } ] } ]

KPIT Technologies Ltd.

Current market price: Rs 1,785 per share. Target: Rs 2,500 apiece. Stop loss: Rs 1,500 per share. The stock has been in a strong uptrend and is currently consolidating within a range, maintaining a positive bias, the brokerage said. Photo Credit: Unsplash [{ "selector": ".story-desp_p", "duration": "1.2s", "easing": "ease-in-out", "keyframes": [{ "opacity": 0 }, { "opacity": 1 }, { "opacity": 1 } ] }, { "selector": ".substory_h1", "duration": "0.75s", "easing": "linear", "keyframes": [{ "transform": "translateY(40px)", "opacity": 0 }, { "transform": "translateY(0px)", "opacity": 1 }, { "transform": "translateX(0)", "opacity": 1 } ] } ]

NTPC Ltd.

Current market price: Rs 423 per share. Target: Rs 590 apiece. Stop loss: Rs 360 per share. The stock pulled back from the 50EMA and broke above the descending channel at 417, showing strong momentum. Photo Credit: Unsplash [{ "selector": ".story-desp_p", "duration": "1.2s", "easing": "ease-in-out", "keyframes": [{ "opacity": 0 }, { "opacity": 1 }, { "opacity": 1 } ] }, { "selector": ".substory_h1", "duration": "0.75s", "easing": "linear", "keyframes": [{ "transform": "translateY(40px)", "opacity": 0 }, { "transform": "translateY(0px)", "opacity": 1 }, { "transform": "translateX(0)", "opacity": 1 } ] } ]

Tata Motors Ltd.

Current market price: Rs 907 per share. Target: Rs 1,225 per share. Stop loss: Rs 770 per share. The stock has declined and is currently consolidating near support levels. RSI is close to oversold, showing signs of improvement. Photo Credit: Company [{ "selector": ".story-desp_p", "duration": "1.2s", "easing": "ease-in-out", "keyframes": [{ "opacity": 0 }, { "opacity": 1 }, { "opacity": 1 } ] }, { "selector": ".substory_h1", "duration": "0.75s", "easing": "linear", "keyframes": [{ "transform": "translateY(40px)", "opacity": 0 }, { "transform": "translateY(0px)", "opacity": 1 }, { "transform": "translateX(0)", "opacity": 1 } ] } ]