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Stocks that can bring you a fortune this Diwali

Last updated on: October 23, 2014 20:48 IST

A Hindu priest holds traditional earthen lamps in front of computers while offering prayers during 'Muhurat' (auspicious) trading.. Photograph: Reuters

The Samvat year 2070 ended on a cheerful note with Sensex on Wednesday surging over 211 points to end at one-month high on renewed optimism after Modi government announced a slew of economic reforms and hopes of the ongoing festive season giving boost to corporate earnings.

“Equity markets have rallied over 25 per cent since last Diwali, largely fuelled by improving corporate earnings, expectations of tough reforms from the new government and reviving macroeconomic variables,” says an ICICI Direct Research report.

The markets have welcomed Samvat 2071 on a positive note. The Sensex gained for the fifth straight session on Thursday to end the customary 'Muhurat' trading session up 64 points at 26,851 and the 50-share Nifty closed 19 points at 8,015.

Take a look at stocks that can bring you a fortune this Diwali…

Top 10 picks from Kotak

Investment Horizon: Not specified. (From the report, however, one can conclude that these are long term bets with holding period of about a year)

Image: Infosys campus. Photograph: Reuters

Infosys Technologies
Target Price: Rs 4,191

L&T
Target Price: Rs 1,721

Maruti
Target Price: Rs 3,404

Grasim Industries
Target Price: Rs 4,163

Kansai Nerolac
Target Price: Rs 2,250

Engineers India Ltd
Target Price: Rs 315

Allcargo
Target Price: Rs 295

Geometric
Target Price: Rs 167

Zee Entertainment
Target Price: Rs 332

Please click HERE to download and read the complete report

Top 10 picks from ICICI Direct

Investment horizon: Not specified (From the report, however, one can conclude that these are long term bets with holding period of about a year)

State Bank of India