11 Top-Quality Diwali Dhamaka Stocks From IIFL

Diwali Dhamaka 2014: All set to sparkle!

Indian equities have soared 25.9% since last Diwali in a rally on a new-found hope of radical reforms with the new government coming to power with a historic mandate, on the back of some acutely depressed valuations. The Nifty has been volatile more recently as investors look to realign their bets with global markets turning jittery. This is a god sent opportunity to buy into quality names. We anticipate a prolonged bullish phase for stocks and the next trigger will be announcement of key reforms as well as build up in earnings momentum.

We recommend 11 stocks in this strategy piece that have the potential to deliver stellar returns. A portfolio of stocks according to the weights mentioned in our last Diwali Dhamaka report has delivered 26.9% return in a year. We hope you make the most of this phase of consolidation and increase your asset allocation to equities.

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