Wednesday, October 23, 2024

Top 8 Stock Selections for Diwali 2024 from Kotak Securities, Featuring Axis Bank and Zomato

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Top 8 Stock Selections for Diwali 2024 from Kotak Securities, Featuring Axis Bank and Zomato
Indian markets claimed historic milestones during Samvat 2080, with the Nifty index surpassing 26,250 and the BSE Sensex exceeding 85,900, both reflecting approximately 25% gains in September 2024. Despite these achievements, Kotak Securities warned that many sectors and stocks are overvalued, suggesting that investors should seize any market corrections as opportunities to acquire quality stocks with attractive valuations for long-term benefits. The brokerage identified eight promising stock picks for Samvat 2081, including Aadhar Housing, Axis Bank, and Fiem Industries, each expected to benefit from industry trends and strategic growth initiatives. Overall, Kotak’s analysis emphasizes a cautious yet opportunistic approach in the current market landscape as investors look ahead.
Original source:
https://www.livemint.com/market/stock-market-news/axis-bank-zomato-more-kotak-securities-lists-8-stock-picks-for-diwali-2024-11729585079779.html

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