Diwali 2024 Picks: 5 Stocks That Can Rally Up To 55.97%, Buy Recommended For Gain

Brokerage house Kedia Advisory recommended top stocks to investors that can offer rich returns in its latest "Diwali Picks 2024" report. These stocks are State Bank of India (SBI), Garden Reach Shipbuilders, National Aluminium Company Ltd, Five-Star Business Finance Ltd., and Garware Technical Fibres Ltd.

1. Buy State Bank of India Shares Shares: The analyst has recommended buy call for SBI shares with target price of Rs 1240, entry at 795 with an upside potential of 55.97%. Current market price of State Bank of India shares on BSE is Rs 784.80 per share. The 52-week high price of SBI shares is Rs 912.10 per share and 52-week low price is Rs 543.15 per share. Its market capitalisation is Rs 7,00,403.54 crore. SBI shares slipped 2.72% in last 1-week, fell over 9% in last 3-months, and gained 42% in last 1-year.

2. Buy Garden Reach Shipbuilders Shares: Kedia Advisory suggested investors to buy Garden Reach Shipbuilders shares with target price of Rs 2500, entry at 1660 per share. The stock indicates a 50.60% upside scope. Current market price of Garden Reach Shipbuilders & Engineers shares on BSE is Rs 1628.90 per share with intraday gain of 3.40%. The 52-week high price of Garden Reach Shipbuilders shares on BSE is Rs 2834.60 per share and 52-week low price is Rs 648.05 per share. Its market cap is Rs 18,637.61 crore. Garden Reach Shipbuilders shares slipped over 8% in 1-week and fell 33% in last 3-months. The aerospace and defence stock surged 132% in last 1-year.

3. Buy National Aluminium Company Ltd Shares: The stock has also figured in the Diwali picks 2024 report of the analyst with target price set at Rs 320, entry at 225 per share, and upside potential of Rs 42.22%. National Aluminium Company shares gained 152% in last 1-year and soared over 224% in last 2-years. Last trading price of the aluminium sector stock on BSE stood at Rs 235.40 per share. Its market cap is Rs 41,599.18 crore.

4. Buy Five-Star Business Finance Ltd Shares: The brokerage has suggested buy call for Five-Star Business Finance shares with target price of Rs 1250.00 per share, entry at 845 per share and upside potential of 47.93%. Five-Star Business Finance has a market cap of Rs 25,178.78 crore. The scrip zoomed 0.99% on BSE today. It operates in NBFC sector. The 52-week high price of Five-Star Business Finance stood at Rs 921.80 per share and 52-week low price is Rs 601.00 per share. Five-Star Business Finance shares gained 26% in 6-months period and fell 4% in past 1-week.

5. Buy Garware Technical Fibres Shares: The analyst has suggested investors to buy Garware Technical Fibres shares with target price of Rs 5700, entry at 4100, and rally potential of 39.02%. The textile sector stock's current market price on BSE is Rs 4025.55 per share with market cap at Rs 7991.99 crore. Garware Technical Fibres shares gained 30% in last 1-year and offered a rally of 253% in 5-years-time.

Disclaimer:

The stocks have been picked from the brokerage report of Kedia Advisory. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.