Great Diwali stock hunt: HAL, Eternal, 5 other stocks with upside of up to 75%

Despite macroeconomic hurdles, India remains fundamentally sound, supported by resilient corporate balance sheets and the government’s continued focus on domestic capacity building through infrastructure capital expenditure and expanded Production Linked Incentive (PLI) schemes. Here are 7 stocks Kotak Neo is bullish on.

2/8

APL Apollo Tubes has a Buy rating with a fair value of Rs 2,594 (18% upside) per share. Its EPS is estimated at Rs 57.7 in FY27 and Rs 70.2 in FY28, while its P/E multiple is projected to decline from 37.5x to 30.8x over the same period.

3/8

Eternal Limited

Eternal Limited has a Buy rating with a fair value of Rs 435 (21.5% upside) per share. Its EPS is projected to rise from Rs 1.3 in FY27 to Rs 3.2 in FY28, while its P/E multiple is estimated to decline from 264.6x to 107.5x.

ETMarkets.com

4/8

Hindustan Aeronautics

Hindustan Aeronautics carries an Add rating with a fair value of Rs 5,305 (5.2% upside) per share. Its EPS is estimated at Rs 147.4 in FY27 and Rs 180.7 in FY28, while its P/E multiple is projected to decline from 32.9x to 26.9x.

Agencies

5/8

Jubilant Ingrevia

Jubilant Ingrevia has a Buy rating with a fair value of Rs 970 (72.5%) per share. Its EPS is projected to increase from Rs 27.2 in FY27 to Rs 29.4 in FY28, while its P/E multiple is estimated to moderate from 20.5x to 19x.

ETMarkets.com

6/8

Persistent Systems

Persistent Systems carries a Buy rating with a fair value of Rs 6,500 (6.4% upside) per share. Its EPS is estimated to rise from Rs 136 in FY27 to Rs 177.3 in FY28, while its P/E multiple is projected to decline from 44.5x to 34.1x.

ETMarkets.com

7/8

Titan

Titan has an Add rating with a fair value of Rs 5,050 (4.4% upside) per share. Its EPS is projected to increase from Rs 71.6 in FY27 to Rs 84 in FY28, while its P/E multiple is estimated to decline from 62x to 52.8x.

Agencies

8/8

Ujjivan Small Finance Bank

Ujjivan Small Finance Bank carries a Buy rating with a fair value of Rs 85 (46% upside) per share. Its EPS is estimated at Rs 6.3 in FY27 and Rs 6.9 in FY28, while its P/E multiple is projected to decline from 8.4x to 7.7x.