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Below the Stocks on Radar Post-Diwali by Vinit Bolinjkar - Head of Research - Ventura

As we enter Samvat 2083, we believe Indian equities offer selective opportunities, with earnings visibility, balance-sheet strength and company-specific growth catalysts likely to drive stock performance. We remain constructive on banking, healthcare, digital platforms and consumer durables, while prioritising businesses with sustainable profitability and strong execution capabilities.

* HDFC Bank remains a key stock to watch, supported by its strong capital position, healthy asset quality and improving balance-sheet structure. A gradual recovery in net interest margins, alongside sustained credit growth and better deposit mobilisation, could support earnings growth.

* Park Medi World offers exposure to rising healthcare demand in North India. Its hospital expansion pipeline, increasing focus on super-speciality treatments and improving revenue per occupied bed could support revenue growth and operating leverage as newer facilities mature.

* One97 Communications (Paytm) is positioned to benefit from improving merchant monetisation, payment-processing economics and expansion in financial-services distribution. The key trigger will be its ability to translate revenue growth into sustained profitability and cash generation.

* LG Electronics India remains an attractive consumer-durables business to monitor, supported by premiumisation, product localisation and manufacturing capacity expansion. A recovery in discretionary consumption and a richer product mix could support growth and profitability.

*Meesho provides exposure to the structural expansion of value e-commerce across smaller cities and underserved markets. Increasing transaction volumes, improving monetisation and better fulfilment efficiency could strengthen its long-term earnings potential.

Overall, we expect Samvat 2083 to favour companies where earnings growth is backed by improving business fundamentals rather than valuation expansion alone. Elevated crude prices, geopolitical uncertainty and foreign institutional flows remain important risks to monitor.

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