IDBI Capital: Top Stock Picks For Diwali And Samvat 2077
Brokers along with their families trade during a special holiday session on the occasion of Diwali, the festival of light, at the Bombay Stock Exchange (BSE) in Mumbai, India (Photographer: Dhiraj Singh/Bloomberg)  

IDBI Capital: Top Stock Picks For Diwali And Samvat 2077


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IDBI Capital Report

The top stock picks for Samvat 2077 include a drugmaker, a telecom major, and an AC manufacturer among others.

Alembic Pharmaceuticals Ltd. - The company consisting of domestic formulations, international generics and active pharmaceutical ingredients. The formulations account for 87% of the business while the rest comes from APIs. Company’s facilities are located at Vadodara and Baddi in Himachal Pradesh.

Key triggers: U.S. sales (43% of FY20 revenues) grew at approximately 12% CAGR in FY16-20 to Rs 20 billion on the back of consistent product launches including limited competition products.

Click on the attachment for IDBI Capitals full list of Diwali stock picks:

IDBI Capital Diwali Stock Picks 2020 .pdf


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