PL Capital has issued "Buy" ratings for Bharat Electronics, Britannia Industries, ICICI Bank, and Shriram Finance ahead of Samvat 2083. The selections balance defense and consumer staples strength with high-performing banking and lending institutions. For instance, defense player BEL is positioned to benefit from visible execution and anticipated QRSAM orders, while Britannia leverages its dominance in bakery brands. Additionally, ICICI Bank offers strong earnings quality backed by a solid CET-1 ratio of 16 percent.
Key points
PL Capital selected four prominent large-cap equities ahead of the Diwali muhurat trading…: PL Capital selected four prominent large-cap equities ahead of the Diwali muhurat trading scheduled for November 8.
The recommendations arrive after the Nifty 50 index experienced volatility and twice test…: The recommendations arrive after the Nifty 50 index experienced volatility and twice tested the 22,300 support mark over six months.
Shriram Finance has a target price of ₹1,200 per share with an estimated 18% assets under…: Shriram Finance has a target price of ₹1,200 per share with an estimated 18% assets under management growth rate across FY26–29E.
Sources checked by our analysis pipeline: 1
Diwali stock picks: The Indian stock market saw a roller-coaster ride last Samvat with Nifty 50 testing 22,300 support for two times in the past 6 months. As Samvat 2083 is all set to begin with Diwali muhurat trading on November 8, PL Capital released its top picks for the new Samvat.
Bharat Electronics Limited (BEL), Britannia Industries Limited, ICICI Bank, and Shriram Finance are among the top Diwali large cap stock picks by PL Capital for Samvat 2083. Check target price for these large cap stock recommendations and target price.
Bharat Electronics share price closed 0.16% higher at ₹395.50 per share on BSE with a market capitalisation of ₹2,89,101.75 crore on Friday, November 6. Its strong order book will provide healthy execution visibility.
The company’s QRSAM orders are “expected shortly with BEL well positioned to retain its role given its decade-long development experience,” read PL Capital report. The brokerage gave a ‘Buy’ rating with a target price of ₹490 per share.
Britannia Industries share price closed 4790 per share on BSE with a market capitalisation of ₹1,15,375.91 crore on…
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