SBI Tata Motors ACC Glenmark Pharma Rossari Biotech Godrej Consumer Is Top Stock Idea Picks Of Deven Choksey Research

Top Stock Idea Picks: The month of October is very special for the Indian stock market and its investors. This month, along with Dhanteras, there is an auspicious time for Muhurta trading on Diwali. In such a situation, what should be the strategy of investors for October 2024, Deven Choksi Research has released its top idea picks for investors trading in the stock market. Deven Choksi Research has suggested investing in six stocks which can give returns of up to 28 percent to investors.

Deven Choksey Research is extremely bullish on the country's largest government bank State Bank of India and has advised to buy SBI stock for a return of 28.2 percent. According to research analyst Karan Kamdar, SBI shares can go up to Rs 1010. Currently the stock is trading at Rs 797.

Deven Choksi Research is also bullish on the stock of Tata Motors Ltd. In the research note, the stock of Tata Group company Tata Motors can go up to Rs 1156 and can give a return of 18.6 percent to the investors. In Tuesday's trading session, Tata Motors shares closed at Rs 965 with a decline of 0.97 percent. According to the research note, JLR's expansion strategy and positive margin outlook will drive future growth.

Deven Choksi Research is also bullish on Adani Group's cement company ACC Limited. According to the note, a rise of 16.3 percent is possible in the stock of ACC and the stock can go up to Rs 2923. Volume growth and cost reduction will increase the company's earnings, which will benefit the stock. The share of ACC Ltd is currently trading at Rs 2511. Deven Choksi Research is also bullish on pharma company Glenmark Pharma Ltd and has given an upside target of Rs 1894 with a jump of 14.2 percent. Currently the stock is trading at Rs 1667.

Deven Choksi Research has given a target of Rs 1034 to the stock of Rossari Biotech Ltd with a jump of 13.9 percent. Apart from this, it has been advised to buy the shares of Godrej Consumer Ltd with a rise of 10.6 percent and a target price of Rs 1541.

Disclaimer: (The information provided here is for informational purposes only. It is important to note here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. ABPLive.com It is never advised for anyone to invest any money here.)

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