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IDBI Capital Report
Top stock picks for Diwali - Samvat 2078
Maruti Suzuki India Ltd.
Over the last 12 months, Maruti Suzuki has faced barrage of bad news including Covid -19 lockdown, unprecedented rise in commodity prices, bumper to bumper insurance and semiconductor chip shortages etc.
We anticipate majority of these events are temporary in nature and may not last beyond 12 months. Hence Maruti Suzuki falls in the category of 'Great Company in Temporary Trouble'.
HDFC Life Insurance Company Ltd.
The acquisition of Exide Life would enable HDFC Life to increase its market share to 16.5% (15.1% for FY21), as per the total new business annual premium equivalent. This would make HDFC Life the second largest life insurer, enabling it to narrow the gap with private sector leader SBI Life Insurance Company Ltd. which had Individual APE market share of 22.6% as of FY21.
HDFC Life’s improving product portfolio, strong channel building coupled with customer-centric business approach would continue to drive growth.
Click on the attachment for full list of IDBI Capital's Diwali stock picks:
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