Microsec’s earlier stock recommendations for Diwali 2014 have given a peak return of 33% and an average return of 16% as against the Nifty return of 0.04%. For Diwali 2015, Microsec has recommended five top-quality mid-cap stocks with potential for huge gains
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We expect Nifty to trade between 12-14.50 times FY17E earnings of 620, which make a range of 7440-8990 for Nifty during Samvat 2072. We believe market is on the lower range of the target and the lowest may be tested as US Fed raises rates. The higher range is based on expectation of implementation of Goods & Services Tax, increase in consumption and investments due to decline in crude oil prices and interest rates. We recommend the following five stocks as Diwali Picks for Samvat 2072
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