New Delhi, Oct. 15 -- After a lacklustre Samvat 2081, investors are looking ahead with renewed optimism as the new Samvat year approaches, which could mark a fresh chapter for the Indian stock markets.

Most analysts are optimistic about the upcoming Samvat year, as they believe that after a year of underperformance, conditions are ripe for a revival in sentiment and risk appetite. This rebound will likely coincide with the earnings revival, strong domestic flows and a possible turnaround in FPI sentiment.

Against this backdrop, Religare Broking has released a list of five stocks to buy which it believes can offer up to 27% returns to investors.

Religare's stock ideas for Diwali include companies from the cement, banking and oil and gas...