Equirus Prive releases Diwali Picks 2026 with 16 stock recommendations

Equirus Prive, the private-wealth division of Equirus Wealth, unveiled a portfolio of 16 stocks it calls Diwali Picks 2026. The selections cover large-cap, mid-cap and emerging companies in financial services, automobiles, engineering, consumer durables, textiles, energy and agro-processing, with an investment horizon to December 2027.

The firm allocated a larger share to financial services, citing expectations of credit growth, greater financial inclusion and more formalised savings. Managing Director Pallav Bagaria said, "India's long-term growth story continues to offer opportunities across businesses and sectors, driven by rising domestic consumption, infrastructure development, manufacturing investments, and the increasing formalisation of the economy."

"Through our Diwali Picks 2026, we have identified 16 companies that, in our assessment, offer compelling opportunities to participate in these structural trends. Our approach brings together established businesses with strong competitive positions and emerging companies with differentiated growth opportunities, supported by fundamental research and a focus on long-term value creation."

Among the recommendations, HDFC Bank was given a target price of ₹990, implying a 30% upside from its current price of ₹760. Canara Bank and Equitas Small Finance Bank were assigned targets of ₹165 and ₹82, suggesting upside of 34% and 49% respectively. Non-bank financial firms MAS Financial Services and Arman Financial Services were projected to rise 65% and 49%.

In the automobile sector, Mahindra & Mahindra and Hero MotoCorp were targeted at ₹4,171 and ₹7,427, indicating potential gains of 33% and 35%.

Engineering and manufacturing picks such as Lloyds Engineering Works, Time Technoplast, Technocraft Industries, GMM Pfaudler and Frontier Springs were assigned targets that imply upside ranging from 39% to 58%.

Voltas, the air-conditioning and engineering firm, was given a target of ₹1,503, reflecting a 35% upside. Filatex India in textiles was targeted at ₹118, a 26% increase.

Energy and oil-&-gas selection Antelopus Selan Energy received a target price of ₹1,360, suggesting a 54% upside. Regaal Resources, an agro-processing company, was assigned a target of ₹156, indicating a 73% upside.

The brokerage noted that the views expressed are those of its analysts and not of the publishing outlet, and advised investors to consult certified experts before making investment decisions.