Gautam Shah’s Top Bets This Diwali: Auto, Travel & Hotels For Samvat 2082

Market analyst Gautam Shah advises investors to avoid the top 100 stocks due to sustained FII selling and the current global environment. In an interview with Business Today, he stated, "Top 100 should basically be avoided, but the mid-cap and small-cap segments continue to be quite positive." Shah identifies the travel, tourism, and hotel sector as a "mega theme," believing these stocks could be major beneficiaries of the recent GST rationalization. He also maintains a positive outlook on the auto sector, which he suggests could deliver a 12–15% upward move. While conceptually bullish on the quick commerce space, Shah cautions that current valuations are not justified. He warns against excessive optimism, stating it is not appropriate to expect a 30,000 or 50,000 Nifty during the festive season.