As the Diwali season approaches, Motilal Oswal Wealth Management has released its top stock picks across various sectors, each showing potential for robust growth and profitability. These selections, targeting multiple industries, reflect the company’s insights into financial, digital, defensive, and industrial sectors, considering projected returns, competitive positioning, and market dynamics.

Financials stocks to buy this Diwali

1. ICICI Bank: ICICI Bank’s steady quarter stands out in a challenging environment, showing a 15% YoY growth in net earnings. The bank’s focus on a high-yielding portfolio across business banking, SME, and secured retail segments is expected to maintain its growth trajectory. Target Price: ₹1,400; Upside: 12%.
2. Five Star Business Finance: With a projected 35% AUM growth for FY25 and a competitive lending rate, Five Star is well-positioned to capture market share. Its focus on operational efficiency and digital collection is expected to ensure sustained profitability. Target Price: ₹1,200; Upside: 13%.
3. Angel One: Diversifying into credit products and wealth management, Angel One has leveraged strong cost control to deliver a 39% YoY PAT increase, maintaining a CI ratio of 50.1%. Target Price: ₹4,100; Upside: 43%.

Digital stocks to buy this Diwali

1. HCL Tech: HCL Tech revised its FY25 growth guidance to 3.5%-5%, driven by deal wins and its focus on data/SAP modernization. Positioned for growth in GenAI and digital platforms, HCL is expected to benefit from recovery in client spending. Target Price: ₹2,300; Upside: 25%.
2. Zomato: Zomato aims to strengthen its brand across food delivery, groceries, and dine-out services. With Blinkit’s growth, Zomato is projected to achieve a revenue CAGR of 55% through FY24-27. Target Price: ₹330; Upside: 30%.

Defensives stocks to buy this Diwali

1. Titan: Titan continues to outperform due to its strong brand recall and business moat. Plans to open new Tanishq and CaratLane stores add to its growth outlook. Target Price: ₹4,300; Upside: 29%.
2. IPCA Laboratories: IPCA, focusing on APIs and formulations, expects earnings growth with a 14% CAGR in the domestic market. Key drivers include improved operational efficiency and synergies from recent acquisitions. Target Price: ₹1,950; Upside: 23%.

Industrials stocks to buy this Diwali

1. L&T: Larsen & Toubro is expanding into offshore wind, green hydrogen, and nuclear projects, with a significant order backlog of USD100m. This, coupled with an RoE target of 18%, makes L&T a top pick in the industrial space. Target Price: ₹4,250; Upside: 23%.
2. Amber Enterprises: With a stronghold in the RAC market, Amber’s focus on consumer durables and electronics projects a 21% revenue CAGR over FY24-27. Target Price: ₹7,350; Upside: 18%.
3. Zen Technologies: As a leader in anti-drone technology, Zen Technologies holds 150+ patents and is poised for market expansion, particularly in defense and surveillance sectors. Target Price: ₹1,900; Upside: 8%.

Motilal Oswal’s Diwali picks reflect a comprehensive approach to high-potential stocks across diverse sectors. From ICICI Bank’s stable growth to Zen Technologies’ innovative defense solutions, these recommendations aim to capture market opportunities across the board. Investors may find these picks beneficial as they align with growth trajectories, competitive advantages, and sectoral tailwinds for the coming financial years.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should consult their financial advisors before making any investment decisions.

Shares of Poly Medicure Ltd. increased by about 2% following the company’s successful ₹1,000 crore QIP (qualified institutional placement). On Thursday, the board approved the allotment of 53.19 lakh equity shares to qualified institutional buyers (QIBs), completing the institutional share sale.

The company set the QIP issue price at ₹1,880 per share, representing a 12.8% discount to Thursday’s closing price. The QIP was launched on August 19 and drew strong interest from large funds.

Of the shares offered in the QIP, Lighthouse India Fund IV AIF acquired 20.5% of the total. SBI Mutual Funds, Nomura Funds, ICICI Prudential, Kotak Mahindra Life Insurance, Quant Mutual Fund and Max Life Insurance are a few other well-known investors.

As of 12:52 pm, Poly Medicure shares were trading 1.97% higher at Rs 2,192.00 on the NSE.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.

Following the signing of the Securities of Supplies Agreement (SOSA) between the US and India on Friday during the visit of Defence Minister Rajnath Singh, shares of Hindustan Aeronautics Ltd. (HAL) are up about 2%.

Rajnath Singh is now in the United States, where his primary focus was to address the delivery in General Electric’s F2404 engines, which are a critical component for HAL’s Tejas Mark-1A fighter jets.

HAL shares fell earlier this month on reports of execution issues at the company.

As of 12:35 pm, HAL shares were trading 1.36% higher at Rs 4,833.00 on the NSE.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.

Following the announcement of the launch of seven high-yielding tissue-cultured Robusta and Arabica coffee types, Jain Irrigation’s stock price increased by over 6%. The Coffee Board of India has granted licenses for the commercial production and sale of these innovative varieties, which have been developed over ten years. They aim to tackle significant obstacles in the Indian coffee industry, including ageing plantations and the lack of high-quality planting material.

The Coffee Board of India and Jain Irrigation have signed a Memorandum of Understanding, allowing the firm to multiply and sell these new coffee plants to growers while paying the Board a royalty.

As of 11:02 am, Jain Irrigation shares were trading 5.09% higher at Rs 70.05 on the NSE.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.

Following the announcement of a 1:1 bonus share issue to commemorate the company’s 25th anniversary, Power Mech Projects Ltd. witnessed a 7% increase in share price.

Power Mech Projects’ shares now trade at ₹6,384.90 on the Bombay Stock Exchange (BSE). Over the previous two years, the company’s shares have returned 404%, including a 16% rise in the last two weeks. Power Mech Projects, with a market value of ₹10,093.34 crore, is making considerable progress in the infrastructure-construction sector.

In the exchange filing, the company shared, “Commemorating 25 Glorious years of existence and growth and to reward the shareholders, the Board decided to issue bonus shares in the ratio of 1:1 ie.. one share for every one equity share of Rs. 10/- each fully paid up subject to the approval of shareholders at ensuing 25th Annual General Meeting which is scheduled to be held on 27th September, 2024. The Bonus Shares shall rank pari passu in all respects and carry the same rights as the existing equity shares of the Company.”

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.

In early morning trading, shares of TVS Motor, the top two-wheeler maker in India, increased by 4.10%, hitting an all-time high of ₹2,818 per share. This increase happened after the international brokerage house UBS increased its target price for the company from ₹3,000 to ₹3,200 while maintaining its ‘buy’ rating.

Following the launch of the brand-new Jupiter 110 scooter, which has a next-generation engine and first-in-class, futuristic features, the target price was raised.

According to the company’s most recent annual report, the Jupiter model has been crucial to the company’s success in the scooter market, resulting in a 16.5% year-over-year rise in domestic sales to 1.45 million units in FY24. Jupiter is the primary cause of this growth.

As of 10:28 am, TVS Motor shares were trading 2.90% higher at Rs 2,784.75 on the NSE.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.

After the firm announced that it will be discontinuing its Intercity Legends services, Zomato’s stock price increased by more than 3% on Friday. On the BSE, Zomato shares increased by as much as 3.68% to ₹267.30 a share.

Deepinder Goyal, the CEO of Zomato, announced on Thursday that the Intercity Legends services would be discontinued immediately due to “not finding product market fit.” Taking to his X account, she wrote, “Update on Zomato Legends – after two years of trying, not finding product market fit, we have decided to shut down the service with immediate effect.”

Zomato Legends, which debuted in 2022, offered iconic foods from 10 cities to the rest of the country. In July 2024, the online meal delivery giant temporarily stopped the service before restarting it with a few tweaks to make orders more profitable.

As of 10:19 am, Zomato shares were trading 3.59% higher at Rs 267.21 on the NSE.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.

In early trading on Friday, August 23, the share price of Ambuja Cements increased by more than 4% on the BSE, after reports that promoters were selling stakes through a block deal. On Friday, the share price of Ambuja Cements opened at ₹654, up from its previous close of ₹632.90. It then increased by 4.23 per cent to ₹659.70.

The Adani Group planned to sell around 3% of its stake in Ambuja Cements on Friday to raise up to $500 million, or approximately ₹4,197 crore, through block agreements, according to media reports citing the transaction terms.

At the end of the June 2024 quarter, the Adani Group held a 70.33 per cent stake in Ambuja Cements, according to shareholding pattern data.

As of 10:10 am, Ambuja Cements shares were trading 1.08% higher at Rs 638.60 on the NSE.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.

Nucleus Software Ltd. said on Thursday that it will buy equity shares up to a maximum value of ₹72.4 crore. However, after the announcement, shares have dropped more than 5%.

Nucleus Software plans to buy back up to 4.48 lakh equity shares with a face value of ₹10, representing 1.67% of its total equity. The buyback price is set at ₹1,615 per share, a 6% premium to the company’s current market levels.

The record date for the share buyback has been set by Nucleus Software for September 3, 2024. A timetable for the buyback has not yet been disclosed by the firm.

As of 2:31 pm, Nucleus Software shares were trading 6.29% lower at Rs 1,428.30 on the NSE.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.

Awfis Space Solutions’ share price increased by almost 17% on Thursday, reaching an all-time high of ₹925.25 on BSE. The firm announced the inauguration of two new centres at Mantri Commerce and Vista Pixel in Bengaluru. According to the company’s exchange filing, these centres, which have built-up sizes of 39,000 and 27,846 square feet, respectively, expand Awfis’ footprint and the availability of high-quality workplace solutions in prime locations.

Awfis Space Solutions shares opened at ₹801.95 on BSE and reached an intraday low of ₹801.75 per share.

Since Awfis Space Solutions’ ₹383 initial public offering (IPO), its share price has surged by more than 120%. On May 30, 2024, Awfis Space Solutions shares opened at ₹435 per share on the NSE, a 13.58% rise from the issue price of ₹383. The company’s stock market debut was a success.

As of 12:45 pm, Awfis Space Solutions shares were trading 3.55% higher at Rs 4,452.65 on the NSE.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.