Hunting for Diwali winners? 8 brokerages name 58 stocks with big upside
Benchmarks Nifty23,643.65202.86FEATURED FUNDS★★★★★Motilal Oswal Midcap Fund Direct-Growth5Y Return17.99 % Invest NowFEATURED FUNDS★★★★★UTI Aggressive Hybrid Fund Regular Plan-Growth5Y Return9.04 % Invest NowEnter search…
Eight brokerages have shortlisted 58 stocks for their Diwali 2026 portfolios across sectors such as banking, IT, defence, automobiles and hospitality. Eternal, L&T and Indian Hotels are the most popular picks, featuring in four brokerage portfolios each, while Kotak Mahindra Bank appears in three. ICICI Bank, Tech Mahindra, Tata Steel and Adani Ports are among the other recurring recommendations.
Dalal Street investors looking to build or diversify their portfolios this Diwali have 58 stock ideas to consider, curated by eight brokerages: Anand Rathi, Geojit, JM Financial, Axis Direct, SMIFS, Motilal Oswal Wealth Management, ICICI Direct and SBI Securities.Spanning sectors such as banking, defence, capital goods, pharmaceuticals, IT, automobiles and hospitality, the recommendations feature a mix of established market leaders and emerging growth opportunities. While some stocks find favour across multiple brokerages, their target prices point to varying upside potential.
Which stocks are finding favour across brokerages?
Eternal, Larsen & Toubro (L&T) and Indian Hotels Company are the most widely recommended stocks, featuring in four brokerage portfolios each.Eternal has been picked by Geojit, JM Financial, Axis Direct and Motilal Oswal Wealth Management. L&T features in the recommendations of Geojit, JM Financial, SMIFS and Motilal Oswal Wealth Management.
Indian Hotels Company, meanwhile, has been included in the portfolios of Geojit, Axis Direct, ICICI Direct and SBI Securities.
Live Events
Kotak Mahindra Bank is another recurring recommendation, appearing in the portfolios of Geojit, Motilal Oswal Wealth Management and ICICI Direct.
Other stocks featuring in more than one brokerage portfolio include ICICI Bank, Tech Mahindra, Tata Steel and Adani Ports.
Which stocks have the highest upside potential?
Among the brokerages that have disclosed target prices and estimated upside potential, SMIFS has identified some of the highest-return opportunities in its Diwali portfolio.TVS Supply Chain Solutions tops the list, with a target price of Rs 240 against a current market price (CMP) of Rs 111, indicating a potential upside of 116%.
Swiggy follows with an estimated upside of 104%, based on a target price of Rs 375 against a CMP of Rs 184.
Mazagon Dock Shipbuilders has a target price of Rs 2,905 compared with its CMP of Rs 1,731, implying an upside potential of 68%. Olectra Greentech carries a target price of Rs 1,500 against a CMP of Rs 985, indicating an upside of 52%.
ITC is another SMIFS recommendation, with a target price of Rs 360 against a CMP of Rs 259, translating into a potential upside of 39%.
ICICI Direct, Axis Direct and SBI Securities' stock recommendations
ICICI Direct has also identified several stocks with significant upside potential in its Diwali portfolio.Venus Pipes and Tubes leads its recommendations, with an estimated upside of 34% based on a target price of Rs 2,340 against a CMP of Rs 1,750.
Neogen Chemicals follows with a projected upside of 32%, while Info Edge has an estimated upside potential of 28%, with a target price of Rs 1,530 against a CMP of Rs 1,192.
Axis Direct's recommendations include DCB Bank and Elecon Engineering Company, both carrying an estimated upside potential of 20%.
Nephrocare Health Services has an estimated upside of 19%, while Coforge offers a projected upside of 18%, according to the brokerage's target prices.
SBI Securities has assigned the highest upside potential in its list to Sambhv Steel at 22%. Lumax Industries follows with an estimated upside of 20.7%, while Genus Power carries a projected upside of 19.4%.
ALSO READ: FPI holding hits multi-year lows in 70% of top 100 Indian companies
Brokerage-wise Diwali stock picks
Anand Rathi
JM Financial
ICICI Direct
SBI Securities
Motilal Oswal
Geojit
AXIS Direct
SMIFs
Disclosure: This article has been written by Kumar Gaurav, who is not a Sebi-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective Sebi-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers hereAdd as a Reliable and Trusted News Source Add Now!
(You can now subscribe to our ETMarkets WhatsApp channel)
Read More News onjm financialsmifsDiwali portfolioDiwali stocksmarkets newsEternalL&T and Indian Hotelsstock market news
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
...moreless(You can now subscribe to our ETMarkets WhatsApp channel)
Read More News onjm financialsmifsDiwali portfolioDiwali stocksmarkets newsEternalL&T and Indian Hotelsstock market news
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
...morelessPrime ExclusivesInvestment IdeasStock Report PlusePaperWealth EditionSome elections matter more than you know: No crop changed in the fields, yet sugar, coffee and soya got cheaper in a day
You can buy a walkie-talkie online. But can you legally use it?
KYB and KYC: Quick commerce, the Damani premium and what DMart must deliver – 3rd and concluding part
KYC and KYB: Inside Damani’s DMart, the retail chain for the middle class. And stock for the long term? – Part 2 of 3
Will it be a regulatory nightmare if an exchange lists on its own platform?
KYC and KYB: Inside Damani’s Avenue Supermarts that refuses to charge more – Part 1 of 3
- 1
- 2
- 3
& personalised newslettersLogin NowUnlimited AccessStarting @ Rs120/monthGet access to exclusive stories, expert opinions &
in-depth stock reportsSubscribe NowET
Unlock Access to All Exclusives with ETPrime FREE TRIAL
15 Days Free: Unlock All ETPrime Exclusives, Market Tools & ePapers
Trial offer expiring in00 : 05 : 00
I'd rather pay ₹2599 nowUh-oh! This is an exclusive story available for selected readers only.
Worry not. You’re just a step away.
Prime Account Detected!
It seems like you're already an ETPrime member with
Login using your ET Prime credentials to enjoy all member benefits
Log out of your current logged-in account and log in again using your ET Prime credentials to enjoy all member benefits.
Unlock ETPrime's Exclusive Stories Today!
Big Price Drop! Flat 40% Off
Student Only OfferAlready a Member? Sign In nowAlready a Member? Sign In nowAlready a Member? Sign In nowOffer Exclusively For You
Save up to Rs. 700/-
ON ET PRIME MEMBERSHIP
Avail OfferOffer Exclusively For You
Get 1 Year Free
With 1 and 2-Year ET prime membership
Avail OfferOffer Exclusively For You
Get 1 Year Free
With 1 and 2-Year ET prime membership
Avail OfferOffer Exclusively For You
Get Flat 40% Off
Then ₹ 1749 for 1 year
Avail OfferOffer Exclusively For You
ET Prime at ₹ 49 for 1 month
Then ₹ 1749 for 1 year
Avail OfferSpecial Offer
Get flat 40% off on ETPrime
Avail OfferAvail OfferClaim NowAlready a Member? Sign In nowNeed Assistance?
Connect with an ETPrime expert for personalized support and guidance
+91 9484700004'; }); } if(listing) { var h3 = "You tried reading " + listArr.length + " locked stories in the past " + threshold + " days.", h4 = "Become an ET Prime member and don't miss out on these exclusive stories."; var html = '' + h3 + '
' + h4 + '
- ' + listing + '
What’s Included with
ETPrime Membership
1Exclusive Insights That Matter
Uncover the truth with our investigative stories
Make strategic moves using the real-world case studies
Read industry-specific stories to identify emerging trends
Spot opportunities with in-depth insights that matter
Trump temper on H-1B visas is forcing Indians to do these things to stay put in US
What Adani’s US indictment means for India Inc’s overseas fundraising
Why veterans like Reliance, L&T are on acquisition spree? Aswath Damodaran has an answer.
Will China’s dollar bond sale in Saudi Arabia trump the US in financial world?
Huawei launches its own OS to compete with Google and Apple. But can it win beyond China?
The problem with lab grown diamonds
Why a falling rupee is a better option for the economy
A list of top 20 momentum stocks that have delivered massive returns in one year
2Invest Wisely With Smart Market Tools & Investment Ideas
Alpha Trade
Get daily trade ideas from SEBI-registered research analysts.
Investment Ideas
Grow your wealth with stock ideas & sectoral trends.
Stock Reports Plus
All-in-one stock research with Stock Score, peer comparison & key signals.
BigBull Portfolio
Get to know where the market bulls are investing to identify the right stocks.
Stock Analyzer
Check the score based on the company's fundamentals, solvency, growth, risk & ownership to decide the right stocks.
Market Mood
Analyze the market sentiments & identify the trend reversal for strategic decisions.
Stock Talk Live at 9 AM Daily
Ask your stock queries & get assured replies by ET appointed, SEBI registered experts.
3Stay informed anytime, anywhere with ET ePaper
ePaper - Print View
Read the PDF version of ET newspaper. Download & access it offline anytime.
ePaper - Digital View
Read your daily newspaper in Digital View & get it delivered to your inbox everyday.
Wealth Edition
Manage your money efficiently with this weekly money management guide.
TOI ePaper
Read the PDF version of TOI newspaper. Download & access it offline anytime.
Deep Explainers
Explore the In-depth explanation of complex topics for everyday life decisions.
Health+ Stories
Get fitter with daily health insights committed to your well-being.
Personal Finance+ Stories
Manage your wealth better with in-depth insights & updates on finance.
5Enjoy Complimentary Subscriptions From Top Brands
Stream new documentaries from all across the world every day.
Stories you might be interested in
Figures reflect the source report and its stated period. This article is for information and is not investment advice.
