Diwali Mahurat 2024 Stock Picks: Gravita India To Lupin — Here Are Top Picks By Axis Securities

Photo Credit: Freepik Take a look at the top stocks picks by Axis Securities for Diwali 2024. Shreya Sur Updated On 09:25 AM IST, 27 Oct 2024

Gravita India

Target Price: Rs 3,000 Upside: 38% "Overall, the company is anticipated to post strong Ebitda growth over the next year, supported by volume growth and an increase in Ebitda per tonne." Photo Credit: Company Website [{ "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 } ] } ]

Arvind Smart Spaces

Target Price: Rs 1,085 Upside: 37% "Axis Securities expect bookings to flow in from the NH47 Surat and South Ahmedabad projects, with top lines of Rs 1,100 crore and Rs 1,450 crore respectively." Photo Credit: Company Website [{ "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 } ] } ]

Inox Wind

Target Price: Rs 270 Upside: 31% "The company’s revenue/Ebitda to grow by 83%/90% CAGR over fiscal 2023–24 to Fiscal 2026–27." Photo Credit: Freepik [{ "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

Target Price: Rs 2,150 Upside: 27% "The management is confident about sustaining this momentum over the long term, supported by a robust deal pipeline." Photo Credit: NDTV Profit [{ "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 } ] } ]

HG Infra Engineering

Target Price: Rs 1,700 Upside: 27% "The company's strategic diversification drive is expected to benefit the company significantly." Photo Credit: Company Website [{ "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 } ] } ]

AU Small Finance Bank

Target Price: Rs 800 Upside: 25% "The bank's margins have benefited from the integration of Fincare's microfinance portfolio post-merger, driving yield improvement." Photo Credit: Freepik [{ "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 } ] } ]

Lupin

Target Price: Rs 2,600 Upside: 22% "Driven by key products such as gMirabegron, gSpiriva, Albuterol and Pred Forte, along with a promising revenue boost from the recently launched Tolvaptan." Photo Credit: Freepik [{ "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 } ] } ]

The Indian Hotels Co

Target Price: Rs 800 Upside: 22% "The upcoming events such as the Men's T20 World Cup, Kabaddi Championships, and global summits are expected to enhance occupancies in the forthcoming cycle." Photo Credit: Freepik [{ "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 } ] } ]

Uno Minda

Target Price: Rs 1,090 Upside: 18% Photo Credit: Freepik [{ "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 } ] } ]