By Admin 
Diwali Top Picks: As Diwali is coming closer, market experts are also busy preparing the list of Diwali Top Picks. Centrum Broking has released the list of its 10 favorite stocks for Diwali. The brokerage says that investors will continue to get returns ranging from 18 percent to 31 percent from these shares for the next one year. These shares belong to many different sectors like manufacturing, banking and automobile. Let’s take a look at this list-
Dixon Technologies
Dixon Technologies is among the favorite stocks of Centrum Broking. Its order book is strong, hence it is indicating 15 percent volume growth in the second quarter of the business year 2026. Considering the company’s fast growing consumer electronics business and its performance, it can be bought at a valuation of 67 times its Q2FY28E TTM EPS. Its target price is Rs 21,574, which is about 25 percent more than the current price.
Cholamandalam Investments
Cholamandalam Investment and Finance Company (CIFC) will be able to overcome its challenges in the second quarter of 2026 and follow the path shown by the management, maintain 20 percent CAGR and increase NIM by about 15 basis points. The share price is 4.5 times its book value of Rs 430 as of Q2FY28.
Azad Engineering
Centrum Broking has given it a target price of Rs 2,145. It has a strong order book of Rs 6000 crore, reflecting a 10x book-to-bill ratio for FY27. Margins are continuously increasing at both EBITDA and PAT levels, and capacity is also increasing rapidly. Its target price is about 25 percent more than the current price.
Canara Bank
Non-Performing Assets (NPAs) of Canara Bank have been continuously declining for the last three years and NIMs are stable at around 2.4 percent level. NIMs will gradually improve to the level of 2.7-2.8 percent between the business year 2027-28. This stock is considered good at a valuation of 1.2 times FY27E ABV. Its target price is Rs 151.
Syrma SGS Technology
There is going to be 30 percent CAGR growth in its operational revenue in the next two years. Profit after tax margin is expected to remain stable at around 7 percent. With the margins of the PCB business also increasing, the company’s value is equal to 45 times the earnings per share (EPS) of 23 FY27.
Apart from these, shares of companies like Nykaa, Swiggy, KEI Industries, Bajaj Auto and Bharat Electronics are also in the list.
Disclaimer: (The information provided here is being given for information only. It is important to note here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. ABPLive.com It is never advised for anyone to invest any money here.)
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