Diwali stock picks: RIL among 10 ideas from HDFC Securities with upside potential up to 32%

Indian Indices are richly valued compared to their historical valuations, and the current prices of many stocks across different sectors offer a low margin of safety. India’s weight in global indices has been rising sharply over the past few years and continued performance will attract higher attention and allocation from large global funds.Overall, after a 28% rise in Nifty since last Diwali, moderate returns can be expected over the coming year with higher volatility.Under these circumstances, HDFC Securities has shortlisted 10 top picks for Diwali 2024 with upside potential of up to 32%. Festive Fortune