Samvat 2083 stock picks! Adani Power, Coal India, 8 others to add in your portfolio this festive season
Domestic brokerage HDFC Securities believes bottom-up stock and sector specific opportunities will continue to reward nuanced investors in the coming year as well. Here are 10 stocks that offer compelling investment opportunities: seven well-established mega caps and three in mid-cap and small-cap categories that are likely to offer relatively limited downside and superior upside potential.
2/11
HDFC Securities recommends buying the stock in the Rs 347-362 range and has a target price of Rs 481 (34% upside from current levels). Ambuja is on track to add 10 MTPA capacity in FY27, taking installed capacity to 119 MTPA, with further debottlenecking expected to lift capacity to 134 MTPA by FY29-end. This should drive an estimated 8% volume CAGR over FY26–29E, supported by new grinding units at Dahej, Salai Banwa, Kalamboli, Bathinda, Jodhpur and Warisaliganj.
3/11
Adani Power
With a target price of Rs 234, the brokerage recommends buying the stock in the Rs 185-195 range (25% upside). The company is emerging as a key beneficiary of the renewed policy thrust on conventional generation, supported by its scale, diversified asset base and demonstrated execution capabilities. The forthcoming capacity addition is predominantly greenfield, with management indicating a selective approach to brownfield opportunities where they offer superior returns and execution visibility.
Reuters
4/11
Coal India
HDFC Securities recommends buying the stock in the range of Rs 389-405 and has pegged the target at Rs 490 (11% upside). A strong power-demand outlook for India and increased coal production could help CIL register sustainable volume growth over the next couple of years. Moreover, cost-control initiatives such as reducing manpower (employee costs account for 53-54% of overall costs) could expand margins.
ETMarkets.com
5/11
Bharat Electronics
With a target price of Rs 475 (26% upside), the brokerage firm recommends buying the stock in the Rs 368-378 range. BEL has been focused on cost-control measures and extensive indigenisation efforts to improve profitability, which could lead to the company achieving its margin guidance as well. We expect gross margin at 48.3%/48.4%/48.3% and EBITDA margin at 28.8%/29%/28.7% for FY27E/FY28E/FY29E, respectively.
ETMarkets.com
6/11
Maruti Suzuki
With a target price of Rs 13,900 (19% upside), the brokerage has pegged the buying range at Rs 11,200-11,600. The company is aggressively broadening its target market through expanding utility vehicle (UV) offerings (such as Brezza, Grand Vitara, and Ertiga) and a flexible multi-powertrain model. By diversifying beyond traditional internal combustion engines (ICE) into factory-fitted CNG, strong hybrids, flex-fuel technology, and battery electric vehicles (BEVs), it is well-positioned to comply with tightening CAFE-3 emission norms.
Agencies
7/11
KPR Mills
With a target price of Rs 1,289 (14% upside), the brokerage has pegged the buying range at Rs 1,098-1,129. The company is at an inflexion point driven by two structural catalysts: (1) the India-EU Free Trade Agreement (signed January 2026) and the India-UK Comprehensive Economic and Trade Agreement (effective July 15, 2026), together eliminate the 10–12% tariff wall that Indian textile exporters have faced on apparel into Europe and the UK, creating immediate price parity with Bangladesh and Vietnam.
ETMarkets.com
8/11
Can Fin Homes
With a target price of Rs 845 (14% upside), the brokerage has pegged the buying range at Rs 720-740. It stands out among housing finance companies due to its disciplined risk management framework. Unlike many peer HFCs that faced severe asset quality shocks during economic disruptions, CFHL maintains pristine asset quality metrics across credit cycles. Over the past decade, CFHL has consistently maintained Gross NPAs under 1.0% and Net NPAs under 0.5%–0.6%, positioning its portfolio quality on par with top-tier private sector commercial banks.
ETMarkets.com
9/11
Tata Steel
With a target price of Rs 210 (19% upside), the brokerage has pegged the buying range at Rs 168-175. Rising infrastructure spending, government-led capex, growth in construction and automotive sectors, and increasing steel consumption in India are expected to drive volume growth and capacity utilisation. Its ongoing capacity expansion, focus on value-added steel products, cost optimisation and improved operational efficiencies are key drivers of long-term revenue growth and margin improvement.
Agencies
10/11
Emcure Pharmaceuticals
With a target price of Rs 2,208 (17% upside), the brokerage has pegged the buying range at Rs 1,985-1,898. Emcure’s domestic formulation (DF) segment has been growing strongly led by gynecology, anti-infective, cardiac and anti-diabetic therapeutic areas. Key brands have been gaining market share while new launches are also driving growth for the DF segment. Key brands such as Orofer, Amaryl M, Bevon, Clexane, Maxtra, Zostum, Feronia-XT among others are well-established in the domestic market.
ANI
11/11
Larsen & Toubro
With a target price of Rs 4,458 (13% upside), the brokerage has pegged the buying range at Rs 3,840-3,945. L&T’s order pipeline stands at Rs 10 lakh crore in the medium term. The bulk of the pipeline comprises projects in energy, infrastructure, heavy civil, renewable, water, defence, and international hydrocarbons. Management guides for 10-12% order intake growth and 10% revenue growth in FY27. Order book continues to be robust at Rs 8.53 lakh crore as of Sep-2026 with 46% of the order book coming from domestic market and 54% from international markets.