The recommendations rely on November 2 closing prices and project 12-month returns ranging from 16% to 35% across companies with sound fundamentals. State Bank of India tops the list with the highest potential upside, bolstered by declining non-performing assets and favorable funding costs. Industrial players such as Cemindia Projects and Indo-MIM are favored for their extensive order backlogs and multi-plant global manufacturing reach. Meanwhile, healthcare and financial leaders like Shilpa Medicare and HDFC AMC demonstrate accelerating revenue and rising quarterly average assets under management.
Key points
Selected equities span six distinct industries to provide balanced exposure supported by…: Selected equities span six distinct industries to provide balanced exposure supported by individual business prospects.
High-growth manufacturers like Indo-MIM are expanding into advanced sectors including aer…: High-growth manufacturers like Indo-MIM are expanding into advanced sectors including aerospace, robotics, and semiconductor parts.
Strong retail participation and expanding mutual fund adoption continue to reinforce the…: Strong retail participation and expanding mutual fund adoption continue to reinforce the financial performance of HDFC AMC.
Sources checked by our analysis pipeline: 1
Diwali 2026 stock picks: With Diwali approaching, investors looking to add stocks to their portfolios may be weighing opportunities across banking, technology, infrastructure, pharmaceuticals and financial services. Anand Rathi Share and Stock Brokers has identified six stocks for its Diwali 2026 portfolio, assigning Buy ratings and setting 12-month target prices that indicate potential upside of 16% to 35% from their November 2 closing prices.
The list includes large-cap names such as State Bank of India (SBI) and Tech Mahindra, alongside companies such as Cemindia Projects, Shilpa Medicare and Indo-MIM. The recommendations are based on individual business prospects, earnings visibility and sector-specific growth opportunities.
SBI is Anand Rathi’s top pick in terms of potential upside, with a target price of ₹1,337 against the current market price of ₹987, indicating a potential gain of 35% over 12 months.
The brokerage expects the lender to benefit from healthy deposit and credit growth, a diversified loan book and improving asset quality. SBI’s deposits grew at a 10.3% CAGR between FY24 and FY26, while gross advances increased at a faster 14.4% CAGR. Its focus on…
The state-run engineering major is capitalizing on rising power equipment demand by expanding core manufacturing and streamlining internal divisions. Strong earnings momentum and a swelling project pipeline have prompted fresh domestic brokerage upgrades despite ongoing operational risks. These developments offer investors clarity on long-term execution capabilities following a period of substantial valuation gains.
Shares of the freelance platform are seeing an unexpected influx of buying pressure during the latest trading session. Market participants are actively tracking the rally, though the underlying operational or financial drivers behind the sudden momentum remain unconfirmed. Investors are left assessing whether broader industry trends or undisclosed corporate developments are responsible.
Nordax Bank has reported a third-quarter profit that exceeded expectations. The financial institution outperformed forecasts for the period, according to its latest quarterly results.