Diwali 2024 Picks: Top 6 Stocks Recommended by Anand Rathi for Festive Gains - Read Now 

Here are six promising stock recommendations made by Anand Rathi for Diwali 2024 Muhurat trading session ahead of the festival. These picks have given investors a strong start in Samvat 2081 on the basis of their growth potential as well as sectoral strength. Here are the top stocks on Anand Rathi's Diwali list: KRN Heat Exchanger and Refrigeration Ltd
Anand Rathi sees 30% upside for KRN Heat Exchanger. It has a 12-month target price of ₹550 from its current ₹423. The company is expanding its product line and capacity, especially in HVAC and data centers, which should be revenue and profit margin positives, especially in export markets.

Tejas Networks Ltd
The stock put up for a target at ₹1,650 is Tejas Networks. From its current price level of ₹1,292, this would indicate a growth of 28%. The company's shipped quantities for BSNL have been massive in quantity of 4G and 5G for the network, and there are significant future opportunities with Indian Railways and BharatNet .

Data Patterns (India) Ltd
Data Patterns: ₹2,850 valued company expected new orders in the global radar business which sees 26% gains over the current price of ₹2,264.
The revenues growth is expected to be in the range of 20-25% in FY25 and earnings growth of 25-30% given the order book and global market potential.

IndiGo (Interglobe Aviation Ltd)
The brokerage has set a target price of ₹5,300 for IndiGo with an upside of 17%. Being India's leading airline, IndiGo benefits from the government's expenditure on aviation infrastructure, the UDAN scheme, and an increase in air passenger traffic.

Power Grid Corporation of India Ltd
Power Grid can grow at 16% from ₹319 with a price target of ₹370.
The company is well placed to enable India's renewable energy target as it plans to raise its renewable capacity to 500 GW by 2030.

Mahindra & Mahindra Ltd (M&M)
M&M's proposed price stands at ₹3,250 up 15%. The company is very strong in tractor with industry leadership and is launching new ICE and EV models. This established automobile major is offering a strong order book. End.

Diwali Muhurat trading session is scheduled for November 1, 2024, between 6 and 7 pm. It is the first day of a new Hindu year and an annual session in which investors can initiate new positions under the positive energy of the festival and the brokerage's selected stock picks for Diwali 2024.

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