Diwali 2023 stocks: RIL, Cipla among top 8 buys from Kotak Securities

Kotak Securities has come out with a list of eight stocks this Diwali for Samvat 2080 based on its assessment of markets and outlook. It finds decent value in a few large-cap stocks and BFSI sector only in light of rich valuations of most stocks in the consumption, investment and outsourcing sectors. As the broader market valuations are rich, opportunities arising from market correction can be used to add quality stocks from a long-term investment perspective, a Kotak research report said.

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