Centrum picks five stocks for Diwali Samvat 2083 with upside up to 32 percent

Centrum Finverse Research has named HFCL, Greaves Cotton, Manorama Industries, Inventurus Knowledge Solutions and Varun Beverages as its top Diwali stock picks for Samvat 2083, projecting a price upside between 20% and 32%.

Stock Recommendations

HFCL leads the list with a multi-year revenue outlook backed by an order book of about 29,000 crore rupees and a 1.1 billion dollar long-term supply deal with a global hyperscaler. Manorama Industries has a target price of 2,230 rupees with 22% upside, supported by a 460 crore rupee capacity expansion plan over two to three years and a new plant in Burkina Faso. Inventurus Knowledge Solutions has a target price of 2,100 rupees and 22% upside, tapping into the US healthcare outsourcing market. Greaves Cotton has a target price of 250 rupees with 21% upside, driven by its Energy Solutions business which grew 36% year-on-year in the second quarter of fiscal year 2027. Varun Beverages rounds out the picks with a target price of 475 rupees and 20% upside, benefiting from low per-capita soft drink consumption in India and an extensive distribution network spanning over 4 million outlets.

Context

Diwali trading sessions mark the traditional start of the Hindu calendar year for Indian stock markets, during which brokerages regularly release curated lists of equities for investors. These recommendations typically focus on companies expected to benefit from long-term sectoral trends like rising infrastructure spending, technological upgrades, and domestic consumption growth.