Diwali Mahurat Picks 2024: Angel One To Zomato — Top 10 Stock Ideas By Motilal Oswal To Buy This Samvat 2081

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Motilal Oswal Report

Here are our top 10 stocks to Buy this Diwali

Angel One Ltd. has successfully diversified into credit products and expanded its wealth management services, enhancing its growth potential.

The company reported a 39% YoY increase in PAT to Rs 4.2 billion, driven by a 45% rise in order volume and effective cost management, maintaining a cost-to-income ratio of 50.1%.

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Zomato Ltd.'s vision of creating strong brands across food delivery, grocery, and going-out could make it a formidable platform that could command a high wallet share from urban consumers.

With Blinkit's growth, Zomato is positioned for robust long-term growth. Our estimates imply FY24-27 revenue CAGR of 55%.

Larsen and Toubro Ltd. is eyeing opportunities in new areas such as offshore wind projects, where it has already made its foray with an order win of $100 million.

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It is also looking for opportunities in green hydrogen and nuclear projects construction. L&T's RoE stands at 14.7% and it has maintained its long-term target of 18% RoE.

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