Diwali Stock Picks: These 6 stocks can make big money this Diwali, experts explain the reason for the rise..

The festival of Diwali also brings joy for investors. According to an ET report, Anand Rathi Investment Services, based on its research, has recommended six key stocks that could generate significant returns over the next year. These companies were selected based on their strong business models, strong market position, and future growth prospects.

Shakti Pumps India Ltd
Shakti Pumps is a leading player in India's solar pump market. Demand for solar pumps is expected to increase under the government's PM-KUSUM scheme, which will benefit the company. Additionally, the company is expanding its production capacity and technical expertise and entering new areas such as electric vehicle motors. This suggests a potential upside of up to 29% for the stock. The brokerage has a target price of Rs 1050 for the stock with a buy rating of Rs 815.

Tilaknagar Industries
Tilaknagar Industries is a leading brandy manufacturer in the country. Brokerage firm Anand Rathi stated that its market demand is steadily increasing due to its increasingly premium and diverse products. The company has recently made significant acquisitions and expanded its production capacity, which will benefit from lower costs and increased profitability. This stock could offer investors an upside of up to 28%. The brokerage has a target price of ₹580 on the stock with a buy rating of ₹454.

BlackBuck Ltd
BlackBuck is a rapidly growing digital trucking platform. Its asset-light model means the company doesn't require significant investment. Its multiple platforms, such as its loading marketplace, payments, and telematics, strengthen it. BlackBuck's rapid growth in India's digital logistics sector could propel the company's shares up by 26%. The brokerage has a target price of ₹860 on the stock with a buy rating of ₹684.

Fiem Industries Ltd
Fiem Industries is rapidly expanding its automotive components market, particularly in the lighting sector. The company has expanded its production capacity and is receiving new orders for electric vehicles. Additionally, technological advancements and a new range of products are expected to boost Feem's business growth by 15-20% over the next 12 months. This stock could offer investors a potential return of up to 26%. The brokerage has a target price of ₹2,450 on the stock with a buy rating of ₹1,941.

BSE Ltd
BSE Ltd is India's oldest and leading stock exchange. Over the past few months, derivatives trading has seen record growth, along with strong IPO activity. This has improved the company's earnings and positioned it as a market leader in capital raising. These factors could lead to an upside gain of up to 18% on the BSE stock. The brokerage has a target price of ₹2,800 on the stock with a buy rating of ₹2,380.

Avenue Supermarts Ltd (DMart)
DMart, also known as Avenue Supermarts, has become a trusted name in the retail sector. The company has rapidly expanded its stores and is performing well in both offline and online shopping. Significantly, DMart is also strengthening its presence in non-metro cities, leading to increased sales and improved profitability. Consequently, the company's shares are expected to rise by up to 16%. The brokerage has a buy rating of Rs 4,328, with a target price of Rs 5,000.

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