Sharekhan names five smallcap stocks with upside potential
In short
Mirae Asset Sharekhan picked five smallcap stocks ahead of Diwali and said some could rise as much as 37%. It named DEE Development, Karnataka Bank, Lumax Auto Technologies and VA Tech Wabag, with target prices of Rs 750, Rs 415, Rs 2,490 and Rs 2,400.
This matters for investors looking for stock ideas before the festival season. The reporting does not name all five stocks or say whether the targets will be met.
What the reporting says
Mirae Asset Sharekhan highlighted five smallcap stocks ahead of Diwali, including DEE Development, Karnataka Bank, Lumax Auto Technologies and VA Tech Wabag, with target prices implying upside of up to 37%. The summary gives target levels of Rs 750 for DEE Development, Rs 415 for Karnataka Bank, Rs 2,490 for Lumax Auto Technologies and Rs 2,400 for VA Tech Wabag. The available reporting does not name the fifth stock or say when the note was published.
Why it matters
Mirae Asset Sharekhan has flagged five smallcap stocks for possible gains, with the available summary naming four and attaching target prices that imply upside. The note is framed as a Diwali pick list rather than a company-specific event. It may interest retail investors, but the reporting does not include valuation details, the fifth stock, or any catalyst beyond the firm’s stated optimism on fundamentals.