Samvat 2081: InterGlobe Aviation, PowerGrid, KRN Heat Exchanger among top Diwali picks by Anand Rathi 

The full-service stock broker Anand Rathi is all set for Diwali 2024. The brokerage has selected a pack of stocks to invest in Samvat 2081. The brokerage firm has picked five stocks to lighten up Samvat 2081. Here are the top picks of Anand Rathi:  

Interglobe Aviation 

InterGlobe Aviation, known as IndiGo, is India’s leading airline, functioning as a budget carrier. IndiGo had a market share of 62% as of FY24 with 18% of the market share in the international passenger segment. It served 28 million customers in Q1 FY25 and has become the seventh-largest airline in terms of daily departure. IndiGo continues to focus on expansion with 30 new routes added YoY, flying to more than 540 routes. In Q1 FY25, the company operated 382 aircraft as compared to 316 aircraft in Q1 FY24. IndiGo recently announced ‘IndiGoStretch’ – a tailor-made business product on the busiest business routes of the country, redefining business travel in India and also launched its much-awaited loyalty program, ‘IndiGo BluChip’, designed to reward its unwavering loyal customers with BluChips on IndiGo flights. Management also guided double-digit growth in FY25. 

The Indian government is investing Rs 1 trillion to develop greenfield and brownfield airports, boosting their capacity and enhancing the passenger experience. The number of airports is set to grow from 140 in CY19 to 220 in the coming years with tier-2 and -3 cities providing the opportunities. The introduction of projects like UDAN and the ongoing construction of greenfield airports in India (construction to be completed in 10-15 years) is expected to increase the potential opportunity for the aviation industry. The aviation industry has emerged as one of the fastest-growing industries and IndiGo being the largest airline company in India has the highest market share and expects this trend to continue going forward. We assign a “Buy” rating on the stock with a target price of Rs 5,300 per share.

Power Grid Corporation of India

Power Grid Corporation of India is a leading transmission company, recognized globally, with the Government of India holding a 51.3% stake. Established in 1989, PowerGrid develops extra-high voltage AC and high-voltage DC transmission lines, transferring electricity from central generating units and surplus regions to load centres across various areas. The company will be a huge beneficiary of India’s ambition to grow its renewable energy capacity to 500 GW by 2030.

 » Read More

Related Articles

Income tax refund in 4 hours: Taxpayers report ‘fastest-ever ITR processing’

It seems that long waits and weeks of uncertainty after filing income tax returns (ITRs) have become the thing of the past, at least for many individual taxpayers. This year, many taxpayers are receiving their income tax refunds within mere hours of e-filing their income tax returns. This is a major shift from past years

MMRDA deposits Rs 560.21 crore in Bombay HC over metro arbitration dispute with Reliance Infra JV

The Mumbai Metropolitan Region Development Authority (MMRDA) has deposited Rs 560.21 crore with the Registry of the Bombay High Court in an arbitration matter that involved Mumbai Metro One Private Limited (MMOPL).  MMOPL, a subsidiary of Anil Ambani-promoted Reliance Infrastructure (R-Infra), is a joint venture between the company and MMRDA. While Reliance Infra holds 74

Aditya Infotech IPO: From strong subscription trend to GMP, 6 key things to watch out for

Aditya Infotech IPO (CP Plus) wants to raise Rs 1,300 crores. The issue is a combination of fresh issue of 0.74 crore shares totalling to Rs 500 crore and an offer for sale of 1.19 crore shares aggregating to Rs 800 crore. It has already been subscribed to over 2 times at the end of

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

Income tax refund in 4 hours: Taxpayers report ‘fastest-ever ITR processing’

It seems that long waits and weeks of uncertainty after filing income tax returns (ITRs) have become the thing of the past, at least for many individual taxpayers. This year, many taxpayers are receiving their income tax refunds within mere hours of e-filing their income tax returns. This is a major shift from past years

MMRDA deposits Rs 560.21 crore in Bombay HC over metro arbitration dispute with Reliance Infra JV

The Mumbai Metropolitan Region Development Authority (MMRDA) has deposited Rs 560.21 crore with the Registry of the Bombay High Court in an arbitration matter that involved Mumbai Metro One Private Limited (MMOPL).  MMOPL, a subsidiary of Anil Ambani-promoted Reliance Infrastructure (R-Infra), is a joint venture between the company and MMRDA. While Reliance Infra holds 74

Aditya Infotech IPO: From strong subscription trend to GMP, 6 key things to watch out for

Aditya Infotech IPO (CP Plus) wants to raise Rs 1,300 crores. The issue is a combination of fresh issue of 0.74 crore shares totalling to Rs 500 crore and an offer for sale of 1.19 crore shares aggregating to Rs 800 crore. It has already been subscribed to over 2 times at the end of

ITR filing 2025: Are you eligible for Rs 60,000 rebate under Section 87A? Here’s what taxpayers need to know

The Income Tax Return (ITR) filing season is in full swing. Like every year, taxpayers while filing their ITRs grapple with issues related to forms, rules or eligibility to claim certain deductions and exemptions. Among various other issues, this time one of the major confusions among taxpayers is being seen regarding the rebate available under

Jefferies flags warning signs after TCS layoffs, ‘this could lead to…’

IT firm, Tata Consultancy Services (TCS) plans to reduce its workforce by 2 per cent in the financial year FY26, as per media reports. The move is expected to affect around 12,200 jobs, from its total workforce of over 6.13 lakh. Jefferies believes the move could lead to short-term execution issues and a long-term spike