Monarch Networth Capital’s Samvat 2083 outlook puts 52% indicated upside estimates on Carborundum Universal and CCL Products, leading 13 recommendations benchmarked against Oct. 30 closing prices.
The brokerage’s target prices imply estimated upside, not assured gains. Vedanta Aluminium Metal follows with an indicated 48%, while TBO Tek is at 33% and State Bank of India at 31%.
| Stock | Sector | Target price | Indicated upside |
|---|---|---|---|
| Aster DM Quality Care Ltd | Healthcare | ₹835 | 23% |
| Bharat Electronics Ltd | Defence | ₹449 | 21% |
| Bharti Airtel Ltd | Telecom | ₹2,270 | 15% |
| Blue Star Ltd | Consumer durables | ₹1,911 | 17% |
| Carborundum Universal Ltd | Capital goods | ₹1,563 | 52% |
| CCL Products (India) Ltd | Tea & Coffee | ₹1,415 | 52% |
| HDFC AMC Ltd | AMC | ₹2,680 | 16% |
| Indegene Ltd | Technology | ₹691 | 18% |
| Pricol Ltd | Auto ancillary | ₹800 | 24% |
| State Bank of India Ltd | Banking | ₹1,265 | 31% |
| TBO Tek Ltd | Travel platform | ₹2,043 | 33% |
| Vedanta Aluminium Metal Ltd | Metal | ₹525 | 48% |
| VA Tech Wabag Ltd | Water recycling | ₹2,235 | 23% |
Infosys is not in that 13-stock table. Monarch’s separate technical idea, dated Nov. 2, gives the company a target range of ₹1,400 to ₹1,550, with indicated upside of up to 30% over three to five months.
Monarch expects the 8th Pay Commission’s recommendations to be accepted in FY28. It says more than 20 million employees and pensioners could see higher disposable income, which it sees as a possible source of additional spending on cars, travel and tourism, premium beverages and consumer durables. The brokerage also points to earlier pay commission cycles when discussing those spending patterns.
For banking, financial services and insurance, Monarch cites credit and deposit growth each above roughly 15%, asset quality at a multi-year best and valuations below average. EconoTimes has also covered SBI Securities’ Samvat 2083 stock recommendations.
The National Stock Exchange of India has scheduled Muhurat Trading for Sunday, Nov. 8, 2026, for Diwali Laxmi Pujan. The exchange said session timings will be announced separately.
