Equirus Prive Unveils 16 Stock Picks for Diwali 2026

Equirus Prive has released its Diwali Picks 2026 portfolio, featuring 16 stock recommendations across financial services, automobiles, manufacturing, infrastructure, energy, and consumption. The private wealth unit of Equirus Wealth has set an investment horizon extending to December 2027. The selection includes large-cap, mid-cap, and emerging companies positioned to benefit from India's structural growth trends.

Sector Focus

The portfolio assigns a higher allocation to financial services to capture rising credit demand and formalised savings. Pallav Bagaria, Managing Director of Equirus Wealth, stated that the chosen companies offer compelling opportunities driven by domestic consumption, infrastructure investments, and economic formalisation.

Stock Details

Financial sector picks include HDFC Bank with a target of ₹990 from a current price of ₹760, Canara Bank at a target of ₹165 from ₹123, and Equitas Small Finance Bank at a target of ₹82 from ₹55. Non-bank lenders MAS Financial Services and Arman Financial Services feature targets of ₹450 and ₹2,389 respectively. Automobile selections cover Mahindra & Mahindra with a target of ₹4,171 and Hero MotoCorp at ₹7,427. Manufacturing and engineering entries feature Lloyds Engineering Works, Time Technoplast, Technocraft Industries, GMM Pfaudler, Frontier Springs, and Voltas. Filatex India is chosen for textiles, while Antelopus Selan Energy represents the energy segment with a target of ₹1,360. Regaal Resources rounds out the list as an agro-processing pick with a target price of ₹156.

Context

Diwali stock portfolio releases are a common market tradition in India where brokerages highlight favored equities for the Hindu calendar New Year. These selections typically reflect prevailing economic trends such as domestic credit growth and manufacturing expansion.