With Diwali approaching, StoxBox has shared its top stock picks for the upcoming year, highlighting five companies across diverse sectors, including biotechnology and real estate. These choices are grounded in strong fundamentals, favorable industry trends, and growth opportunities.
Here’s an overview of StoxBox’s recommended stocks and why they might add a festive glow to your investment portfolio:
Advanced Enzyme Technologies Ltd
Target Price: ₹533 | Buying Range: ₹444-450
Advanced Enzyme Technologies, a significant player in the global enzyme and probiotic markets, is set to benefit from these sectors’ continued growth. With robust R&D initiatives and a broad product portfolio, AETL is positioned to capitalize on rising global demand. StoxBox suggests a buying range of ₹444-450, aiming for a target of ₹533 by next Diwali, offering an estimated 19% upside.
Ami Organics Ltd
Target Price: ₹1,897 | Buying Range: ₹1,610-1,620
Ami Organics is expected to see a 25% growth this year, driven by new orders and strong market presence in chronic therapies. Key factors include its partnership with Fermion for the prostate cancer drug Nubeqa, which could bring in ₹5-7 billion, and its acquisition of Baba Fine Chemicals, expanding its footprint in semiconductor chemicals. With a buying range of ₹1,610-1,620, StoxBox sets a target price of ₹1,897 for the year ahead.
BEML Ltd
Target Price: ₹4,546 | Buying Range: ₹3,770-3,800 | Upside Potential: 20%
In the defense and infrastructure sectors, BEML stands out as a strategic pick with its strong order book of ₹11,872 crore for FY24, covering projects such as Vande Bharat trains and the Bangalore Metro. BEML’s contributions to defense projects, including the Pinaka missile system, further enhance its growth prospects. StoxBox advises buying within ₹3,770-3,800, expecting a 20% increase to ₹4,546.
Reliance Industries Ltd (RIL)
Target Price: ₹1,568 | Buying Range: ₹1,330-1,345
Reliance Industries remains a solid choice despite anticipated earnings challenges. StoxBox expects growth driven by its retail segment, potential telecom rate hikes, and advances in its petrochemical sector. With large investments in renewable energy, including ₹75,000 crore for solar and battery projects, RIL aims to match its Oil-to-Chemical (O2C) segment’s EBITDA in the coming years. Jio’s expansion in AI and 5G services further supports the company’s growth, with a target price set at ₹1,568 by next Diwali.
TARC Ltd
Target Price: ₹260 | Buying Range: ₹222-227
In real estate, TARC Ltd is positioned to take advantage of the growing demand for luxury and mid-income housing, especially in Delhi, where inventory is decreasing. With a substantial land bank and an active project pipeline valued at over ₹7,700 crore, TARC expects presales to reach ₹5,000 crore by FY25 and aims for debt-free operations by FY26. StoxBox suggests a target price of ₹260 with a buying range of ₹222-227.
