Diwali 2019: HDFC Life, Indian Hotels to Tata Elexi - here are top 5 shares to buy

Diwali 2019 is fast approaching and investment decisions for the festival of lights are being made! This day is considered an auspicious for any kind of investment. Hence, those who invest in the stock market have been busy finding out the proper stock that can help them maximise their investment returns in the days to come. The Zee Business TV has been recommending Diwali 2019 Stocks and in this series, the research team of IDBI Capital came out on Zee Business TV with the following 5 stocks that investors can buy ahead of Diwali 2019 - Finolex Industries, HDFC Life Insurance, Indian Hotels, Reliance Nippon and Tata Elxsi.

According to the IDBI Capital Research Report, Finolex Industries share price is expected to showcase a target of Rs 770 per stock levels as the company is expected to get good moolah from its housing and plumbing business. HDFC Life Insurance share price has been rated as a buy for a target of Rs 718 per stock levels as its market size is expected to blossom three times from its current market size, says the IDBI Capital report.

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On Reliance Nippon share price outlook, the IDBI Capital research report says that a stock market investor can buy the counter for the target of Rs 382 per stock levels as the company is expected to expand its business beyond Mutual Funds. The brokerage firm's research report says that the AMC is fraying into other verticals like pension management etc that will help them diversify their business. On Indian Hotels share price, the brokerage firm gives a buy call to stock market investors for the target of Rs 215 per stock levels. Similarly, on Tata Elxsi shares, the IDBI Capital report advised investors to buy for the target of Rs 1050 per stock levels.

NOTE: Zee Business brings to you an exclusive line up of programming for Diwali 2019 with experts, insights & sharp acumen under Zee Business Damdar Diwali show. A Diwali treat for you! Starting soon from October 14 only on Zee Business.in.