Diwali shagun ke shares! Angel One selects 8 stocks with up to 50% upside to Buy this Diwali. How many do you own?
Detailed summary
Angel One identifies seven stocks across banking, finance, pharmaceuticals, jewellery, engineering and defence, highlighting their earnings growth potential and expected upside as…
As investors enter Samvat 2083, the landscape calls for selectivity rather than indiscriminate optimism. Global uncertainties, fluctuating capital flows and evolving market expectations continue to influence equity performance. In this environment, sustainable wealth creation is likely to depend less on broad-based market movements and more on identifying businesses capable of delivering consistent earnings growth.
Angel One has set the target price at Rs 1,800, an upside of 14.5% from current market levels. The private lender is India's second-largest private-sector bank, with a market capitalisation of about Rs 10 lakh crore and a pan-India retail, SME and corporate franchise.
The brokerage has pegged the target price at Rs 330 per share, an upside of 16% from current levels. Analysts are optimistic based on 6.1x FY29E EPS of Rs 54 (about 1.0x FY29E book value; the stock trades at 4.5x).
Opening of the article, excerpted from The Economic Times. To read the rest, open the article on the publisher's site.
MarketNews shows the headline and summary published by the outlet. The full article is on the publisher's website. (economictimes.indiatimes.com)
