From Dixon, BEL To Swiggy, Nykaa: Centrum’s 10 Diwali Stock Ideas With Upto 30% Upside

Ahead of the festival of Diwali, Centrum Broking has identified five stocks with fundamental strength and five stocks showing bullish potential on the technical charts.

Fundamental Picks

Dixon Technologies: With a closing price of ₹16,660 and a target price of ₹21,574, it offers a potential upside of nearly 30%.

Azad Engineering: Currently at ₹1,644, it has a target price of ₹2,145, implying a 31% potential upside.

Syrma SGS Technology: Currently at ₹789, the target price of ₹1,035 suggests a 31% upside potential.

Canara Bank: With the stock at ₹125.7, targets are set at ₹151, offering a 20% upside.

Cholamandalam Investment & Finance: The stock closed at ₹1,655. Centrum pegs target at ₹1,935, implying a 17% upside.

Technical Picks

Nykaa: Currently at ₹258.9, the stock has potential upside of 15% to 23% with targets of ₹300 and ₹320. Stop-loss can be set at ₹240.

Swiggy: The stock closed at ₹433.2 and Cnetrum believes that it can hit targets of ₹480 and ₹517, implying a potential upside of 10% to 19%, with a stop-loss at ₹401.5.

KEI Industries: Currently set at ₹4,111, the brokerage sees targets of ₹4,680 and ₹5,251, giving a potential upside of 13.8% to 22%. Stop-loss is recommended at ₹3,878.

Bajaj Auto: The stock closed at ₹9,146 on Friday. The brokerage has set targets of ₹10,200 and ₹11,000, offering a potential upside of 11% to 20%. Stop-loss can be set at ₹8,250.

Bharat Electronics: Centrum says the stock can reach targets of ₹451 and ₹500 from its current price of ₹412.9, offering a potential upside of 9.2% to 22%. Stop-loss is pegged at ₹369.

For updates and corrections, email newsroom[at]stocktwits[dot]com. 

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