DIWALI 2023 :10 stocks have been highlighted by 4 analysts that could significantly boost portfolio returns.

Jio Financial Services by Deven Choksey: The firm holds a unique position as it ventures into the market with four sectors – Non-Banking Financial Company (NBFC), Insurance, Asset Management Company (AMC), and Wealth. They have a vast potential market with the opportunity for cross-selling to patrons of Reliance Retail, Jio, and Moneycontrol.

Tata Motors by Deven Choksey: The sectors of commercial vehicles, passenger vehicles, electric vehicles, and the JLR portfolio are all experiencing increased momentum in their activities.

Praveg by Deven Choksey: The smallcap company, listed on BSE, offers travel and event management services. It provides a variety of packages tailored to meet the needs of a wide range of customers. The company shows promising potential.

TCS by Siddharth Bhamre: Currently, the IT sector has backing in terms of valuation, and growth is expected to ensue. Presently, TCS can be acquired at approximately 21 times its one-year forward PE, which is uncommon. The order book remains robust, with the exception of a quarter or two. We anticipate that the growth rate will accelerate.

Maruti Suzuki by Siddharth Bhamre: Even without a significant push towards Electric Vehicles (EV), we are confident that the company will achieve its targets through the sales of Compressed Natural Gas (CNG) vehicles. Additionally, it offers reassurance in terms of valuation.

Axis Bank by Siddharth Bhamre: We are witnessing substantial growth that surpasses that of our competitors in the industry. The addition of Citibank customers is contributing positively to our profit margins. While other banks have experienced a decrease in Net Interest Margins (NIMs), Axis Bank has managed to maintain its NIMs at approximately 4.1 percent.

Canara Bank by Shrikant Chouhan: Even with its robust performance, steady growth in stock value, and enhanced fundamentals, the stock continues to trade at a lower price compared to its counterparts in private and public sector banking. We anticipate a positive trajectory for the stock over the next 6 to 12 months.

Phillips Carbon by Shrikant Chouhan: We’ve observed a decrease in crude oil prices, which is beneficial for the tire industry and, by extension, the company. Generally, we have a positive outlook on the company, considering its low leverage and low cyclicality, along with steadily improving return ratios.

Godrej Consumer by Shrikant Chouhan: The company is generating revenue not just domestically, but also from international markets such as Indonesia and Africa. This global reach has proven beneficial, especially during periods of declining volumes.

Zomato by Amit Jeswani: Jeswani is of the opinion that contemporary tech companies like Zomato have the potential for significant profitability given the right circumstances. Zomato’s Gross Merchandise Value (GMV) stood at Rs 8,000 crore in Q2 FY24. Upon analysis, it’s projected that Zomato will reach a GMV of Rs 32,000 crore in FY24 from food orders via their platform, and this figure could potentially rise to around Rs 40,000 crore in FY25,” he stated.