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ACC, Mindtree And More - Top Stock Picks For Diwali And Samvat 2078: Axis Securities

ACC, Mindtree And More - Top Stock Picks For Diwali And Samvat 2078: Axis Securities

Employees pray during a special holiday trading session on the occasion of Diwali at the BSE in Mumbai, India. (Photographer: Prashanth Vishwanathan/Bloomberg)
Employees pray during a special holiday trading session on the occasion of Diwali at the BSE in Mumbai, India. (Photographer: Prashanth Vishwanathan/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Axis Securities Report

Top stock picks for Diwali - Samvat 2078

ACC Ltd.

  • ACC established by merging ten cement companies in 1936, has emerged as one of the leading players in the Indian building materials space.

  • The company has 17 modern cement factories, 79 ready-mixed concrete plants, a vast distribution network of over 11,000 dealers, and pan-India sales offices, making it a formidable player in the cement industry.

  • In 2005, ACC became part of the Holcim Group of Switzerland.

Mindtree Ltd.

  • The Mindtree management communicated a positive commentary on the verticals such as banking and financial services, hi-tech media, and life sciences.

  • Mindtree's deal-wins for the quarter continued robust momentum and stood at $360 million.

  • Well-designed strategy to provide growth impetus: The management continues to sharply execute its strategy of consolidating its service lines, undertaking consistent investment, focusing on garnering multi-year engagements, and scaling up top accounts that can aid in the sales traction.

Click on the attachment for the full list of Axis Securities' Diwali stock picks:

Axis Securities Diwali Muhurat Picks-27October2021.pdf

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