Stocks to buy this Diwali: Dixon, Nykaa and 8 more scrips offer up to 31% gains in Samvat 2082

Brokerages Centrum Broking has come out with a list of 10 stock to buy this Diwali. The scrips come for varied sectors like manufacturing, banking, and automobile sectors, offering up to 31% over Samvat 2082. Here's what it recommends and why-

A fundamental pick from Centrum Broking. It expects Dixon’s healthy order book to result in 15% QoQ volume growth in Q2FY26. The stock is valued at 67X its Q2FY28E TTM EPS. Buy for the target of Rs 21,574

Buy for target of Rs 2,145. Given a strong order book of Rs 6,000 crore, the company has a projected (FY27) book to bill of 10X. Margins at both EBITDA and PAT levels have constantly expanded, along with aggressive capacity expansion.

Buy for a target of Rs 1,035. With operating income expected to grow by a CAGR OF 30% over the next 2 year and PAT margins stablising at around 7%. Together with the margin expansion accruing from the PCB business, the company is valued at A P/E of 45X the FY27E EPS OF Rs 23.

Buy for a target of Rs 151. Canara Bank has seen a steady decline in NPAs over the past 3 years and NIMs stablising at around 2.4% levels. NIMs to gradually improve to the 2.7-2.8% levels between FY27 AND FY28. Stock is valued at 1.2 X FY27E ABV of Rs 126.

Buy for a target of Rs 1,935. Cholamandalam Investment & Finance Company (CIFC) will be able to overcome its challenges in Q2FY26 and sustain a 20% CAGR as guided by the management and expand NIM by around 15 bps. Stock is valued at 4.5X Q2FY28 book value of Rs 430.

Target: Rs 320
Stop Loss: Rs 240

The stock prices continue to trade in higher & higher bottom formation. The prices continue to trade above the cup & handle breakout. The neckline is placed near 230 levels which coincides with its 50 EMA & the 200 SMA is placed near 197 levels. The RSI is very comfortable on the bullish zone.

Target: Rs 517
Stop Loss: Rs 401.5

The stock prices continue to trade in higher top higher bottom formation in an uptrend channel. In the weekly time frame the stock prices have formed a bullish engulfing & retested the previous rectangle breakout. The RSI has also formed a positive reversal adding further bullishness.

Target: Rs 5,251
Stop Loss: Rs 3,878

KEI has been consistently forming higher highs and higher lows, moving within a rising channel. It is trading well above all its short-term and long-term moving averages, showing strong upward momentum. Based on this setup, the stock is expected to move towards new record highs at 5,251.

Target: Rs 11,000
Stop Loss: Rs 8,250

Bajaj Auto has formed a solid base and moved above its key short term and long-term moving averages. It has strong support at the long-term 200-DMA, placed near 8,250. Based on this setup, the stock is expected to move towards the 11,000 level, with strong support at 8,250.

Target: Rs 500
Stop Loss: Rs 369

BEL is on the verge of a triangle pattern breakout on the daily chart. Trading well above all its short-term and long-term moving averages, it is indicating strong bullish momentum. Based on this setup, the stock is expected to move towards new record highs near 500.

(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)