These top diwali picks by IDBI Capital may give up to 65% upside in a year
Updated : 2019-10-15 10:01:54
The Nifty50 index has gained 6.6 percent, while the Sensex has surged 8 percent since Diwali last year on November 7, 2018. Despite a sombre mood in the last 1 year due to economic slowdown, subdued earnings, liquidity crisis, asset quality concerns, FII outflow, corporate governance issues, and global growth fears amid endless US-China trade tensions etc, benchmark indices have seen gains led by a rally in blue-chip stocks. Experts feel the period between Diwali 2019 and Diwali 2020 could see the market recover and earnings rebound if demand improves in the current festive season. For Diwali 2019, IDBI Capital suggests buying these stocks, which can see an upside of up to 65 percent with a holding period for 12-months.