Diwali picks: Top mid-cap, small-cap stocks to buy as recommended by Prabhudas Lilladher

Samvat 2078 will go down in history as one of the most volatile years, where Tech stocks were buoyed and IPO booms, then the Russia Ukraine war, decades of high global inflation and interest rates rose fastest in recent times.

“In this ambiguous global context, India today is likened to a pearl in the middle of the ocean with benefits from food security, an economy that drives domestic demand, PLI plans in the manufacturing sector, etc. export and defense, a strong banking system with a decade-low NPA, strong infrastructure investment and growing investment in Unicorns,” brokerage and research firm Prabhudas Lilladher said in a note. Notes while sharing the top stock picks for Diwali 2022.

Prabhudas Lilladher’s top Diwali stock picks

Large-cap stock options

Apollo Hospitals Enterprise with a target price of 5,000, remains the top choice in healthcare; Supermarket Avenue (city: 5,121) remains the top choice for moving from the unorganized market to the organized grocery and food market; Bharti Airtel (city: 1,032), ICICI Bank (TP: 950) & Mahindra & Mahindra or M&M (TP: 1,500) is its preferred choice in the automotive space.

Average stock options

Ashok Leyland with a target price of 200 when the brokerage firm believes it will continue to regain lost market share with the return of the model and the resurgence in the bus segment; Fertilizers & Chemicals Chambal (TP: 480) & Federal Bank (TP: 165).

Small cap stock options

Ingrevia Jubilant with a target price of 860, VIP Industries (TP: 1,020) & Westlife Development (city: 847).

Even as high inflation has impacted demand in mid and lower regions, festive demand still picks up with weakening Covid impact, good monsoon, Infrared & Real estate developments (Employment growth) and strong recruitment demand across sectors, the brokerage said.

“While the uncertain global environment and the expected slowdown in the US and Europe remain concerns, we believe India will successfully weather this period and emerge strong. than. We continue to favor companies with a presence in emerging segments, strong balance sheets and business success,” it added.

The views and recommendations expressed above are those of individual analysts or brokerage firms, not those of Mint.

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