Kotak Neo and Religare Share Diwali Stock Picks for Samvat 2083

Brokerage firms Kotak Neo and Religare Broking have released their latest stock recommendations for Samvat 2083, highlighting companies across sectors with strong earnings growth prospects and reasonable valuations.

Kotak Neo Picks

Kotak Neo expects Nifty 50 earnings to grow around 18 percent in FY27 and 13 percent in FY28 following a challenging Samvat 2082. Its report features seven picks, starting with Jubilant Ingrevia in the chemicals sector with a target price of ₹970 against its prevailing price of ₹558. Ujjivan Small Finance Bank receives a buy rating with a target of ₹85 compared to its current price of ₹53, supported by a 20 percent return on equity in Q2FY27. Eternal, the parent of Zomato and Blinkit, has a target price of ₹435 against ₹344, driven by rapid quick commerce growth. APL Apollo Tubes carries a target price of ₹2,594 versus ₹2,165, backed by planned capacity expansion. Persistent Systems is recommended with a target of ₹6,500 compared to ₹6,048, benefiting from AI-led tech spending. Titan Company holds an add rating with a target of ₹5,050 against ₹4,436, aided by a stable gold price environment. Finally, Hindustan Aeronautics has a target of ₹5,305 versus ₹4,854, supported by an order book of ₹2.55 lakh crore at the end of FY26.

Religare Broking Picks

According to Economic Times - Markets, Religare Broking has outlined largecap picks for Samvat 2083, including Bajaj Finance with a target of ₹1,096 and L&T with a target of ₹4,510 to play India's infrastructure capex cycle. Religare also features HCL Tech with a target of ₹1,680, Mahindra & Mahindra with a target of ₹4,377, and Tata Power with a target of ₹421 backed by an estimated PAT CAGR of 25 percent over FY26-FY28E.

Context

Diwali Samvat trading is a traditional stock market event in India where investors make new investments to mark the beginning of the Hindu calendar year. Brokerages regularly issue special reports during this period to guide retail and institutional portfolios through the upcoming market cycle.