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Nirmal Bang has selected eight names as its top picks for this Samvat 2082. These include Diffusion Engineers, Finolex Industries, ICICI Bank, TCS, Varun Beverages, among others. The brokerage sees an 18% to 52% upside on its top Diwali picks.

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Diffusion Engineers | Nirmal Bang has a price target of ₹466 per share on the stock, indicating an upside potential of 22% from its previous close. Diffusion Engineers is well-positioned for long-term growth, driven by capacity expansion, strong demand from core sectors like cement and steel, and improving margins from value-added engineering work, the brokerage said.. Based on projected earnings growth and rising return on capital, the stock appears reasonably valued at current levels, it added.

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Finolex Industries | Th

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