Diwali 2024: StoxBox Recommends Top Stocks for Samvat 2081 with Up to 20% Upside - Read Now

With Diwali 2024 approaching, StoxBox has come up with the best stock ideas for Samvat 2081, which have an upside of as much as 20%. It has filtered stocks across biotechnology, real estate, and defense sectors that have sound fundamentals and a prospect of growth. Here are the details of StoxBox's stock recommendations to diversify portfolios during the festival season.

1. Advanced Enzyme Technologies Ltd (AETL)
StoxBox recommends that one should buy Advanced Enzyme Technologies Ltd in the ₹444-450 range with a target of ₹533 by next Diwali, which would present an upside of 19%. AETL enjoys a strong position in both the global enzyme and global probiotic markets, that have an estimated value of $11.3 billion and $70 billion respectively. The growth prospects on these markets are expected at CAGRs of 6% and 7.75%, thus providing enormous scope for growth for AETL. Robust R&D focus and diversified product portfolio will help the company seize these growth trends, thereby making it a good buy for Samvat 2081.

2. Ami Organics Ltd
The other top pick from StoxBox is Ami Organics Ltd, for which the buying range stands at ₹1,610-1,620, and the target is set at ₹1,897. The company is witnessing 25% growth this year, driven by heavy order wins and holding a 50-90% market share in the key chronic therapies. Although the supply chain issues from China are affecting the company, its core products are stable. An alliance with Fermion for the drug Nubeqa for prostate cancer can bring in ₹5-7 billion in revenue. Also, Ami's acquisition of Baba Fine Chemicals helps the company sustain its semiconductor chemicals, which comprises a decent 56% of revenue from exports in FY24.

3. BEML Ltd
StoxBox feels the buy range of BEML stands at ₹3,770-3,800 and will make it take the target price of ₹4,546 on the next Diwali an estimated 20% above. As a Mini Ratna of the Ministry of Defence of India, BEML has had a giant hold across Defence, Rail, Metro, Mining, and Construction sectors. An order book with a might of ₹11,872 crores supports the long term growth prospects of the firm with projects such as Vande Bharat and Bangalore Metro. Strategic restructuring, higher R&D, and capacity addition further strengthen the BEML position.

4. Reliance Industries Ltd
RIL has been rated strong buy by StoxBox at a buying range of ₹1,330-1,345 with target at ₹1,568. Earnings are expected to decline by 10% in 2025, but RIL would bounce back through retail growth, telecom rate hikes, and petrochemical expansion. The company will commit ₹75,000 cr for solar and battery storages. The target set here is to achieve parity with O2C EBITDA within 5-7 years. Additional thrust to the growth for RIL will be supplemented through JioBrain plan as it has aimed that in 3-4 years, it would expand the revenue and EBITDA of Jio into triple fold.

5. TARC Ltd
TARC Ltd is recommended with a buy range of ₹222-227 and target price of ₹260. The company is well-positioned for growth, supported by a huge land bank and a diversified portfolio. Luxury and mid-income housing is an area where the Indian real estate sector is witnessing huge demand, which augurs well for TARC. TARC aims to have ₹5,000 crore in presales by FY25 and debt-free by FY26.

These top stock picks for Diwali 2024 offer a great chance to boost portfolios. StoxBox's recommendations focus on stocks with strong fundamentals and high growth potential across the key sectors, thus building the platform for a prosperous Samvat 2081.

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