Top five stocks you should buy this Diwali

Bombay Stock Exchange (BSE) headquarters in Mumbai, Maharashtra, India. Image Source: IANS

As India's biggest festival Diwali begins on Sunday, here are five stocks that you could buy this festive season.

According to SMC Global latest research report, here's the list of top five stocks:

1. Exide Industries

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SMC Global has recommended to buy this company's stock at a target price of Rs 248.

SMC Global in its latest report said that efforts of the management towards cost reduction have started bearing fruits. The company expects a 15-16% EBITDA margin in FY17, thus it is expected that the stock to see a price target of Rs 248 in 8 to 10 months time frame on a current P/E of 26.04x and FY18 (E) earnings of Rs.9.51,

2. D B Corporation

SMC Global has recommended to buy D B Corporation's stock at a target price of Rs 473.

The company is continuously implementing its editorial strategies, which aims at content enrichment and product differentiation to engage strongly with readers and advertisers and several new creative additions are being offered to readers that have further established products with stronger positioning, cited SMC Global in its report.

3.Sintex Industries

SMC Global has recommended to buy Sintex Industries' stock at a target price of Rs 102.

The government’s strong focus on wide range of infrastructure and social improvement plans that is education, healthcare, sanitation, housing, etc., have emerged as major beneficiary for the company, SMC Global said.

4.Triveni Turbine

SMC Global has recommended to buy Triveni Turbine's stock at a target price of Rs 165.

The company is confident of increasing orders in hand by the end of fiscal 2016-17 (FY17) after achieving its forecast growth in sales, thus it is expected that the stock will see a price target of Rs 165 in 8 to 10 months time frame on a two year average P/E of 42.69x and FY17 (E) earnings of Rs.3.87, SMC Global said in a report.

5. GIC Housing Finance (GICHF)

SMC Global has recommended to buy GIC Housing Finance's stock at a target price of Rs 421.

The brokerage firm has said that the inherent nature of asset quality and the targeted segment (first time buyers) coupled with thrust on recoveries has helped GICHF to witness improvement over the past few quarters.First quarter of FY17 results reflected the positive outcome of efforts towards growth visible over the past one-year, it added.

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