PL Capital's Top Diwali Stock Picks for 2026
As the Indian market grapples with selling pressure and global cues keep investors on edge, brokerage PL Capital, also known as Prabhudas Lilladher, has unveiled its highly anticipated Diwali Stock Picks for 2026. With the Sensex down 14% and Nifty 13.41% this year, these selections offer potential opportunities for investors looking to insulate their portfolios.
The brokerage's analysis combines technical indicators and market trends to identify stocks poised for an upward move. Here's a detailed look at their top recommendations:
1. Apollo Hospitals
- Current Market Price (CMP): Rs 7900
- Outlook: After a significant correction from Rs 9050, the stock shows signs of bottoming out near Rs 7500. A positive trend reversal is indicated, with the RSI near the oversold zone.
- Targets: Rs 9800, Rs 10400
- Stop Loss: Rs 7000
2. DLF
- CMP: Rs 670
- Outlook: DLF has been consolidating, sustaining above its 200EMA at Rs 623 on the weekly chart, forming a higher bottom and VCP pattern. Positive candle formation with volume suggests further rise.
- Targets: Rs 860, Rs 960
- Stop Loss: Rs 570
3. GE Vernova T&D India
- CMP: Rs 3970
- Outlook: Following a slip from Rs 4200 to Rs 3550, a significant revival with volume participation has improved the outlook. The RSI is near the oversold zone, signaling a positive trend reversal.
- Targets: Rs 5100, Rs 5450
- Stop Loss: Rs 3400
4. HBL Engineering
- CMP: Rs 780
- Outlook: The stock has seen a strong revival from Rs 650, forming a higher low and sustaining above the 50EMA and 200-period MA at Rs 750. Bullish candle formation anticipates further upward movement.
- Targets: Rs 1000, Rs 1080
- Stop Loss: Rs 670
5. Jindal Steel
- CMP: Rs 1050
- Outlook: After a recent correction, Jindal Steel found support near its previous low of Rs 1000, forming a triple bottom pattern. Consolidation is expected to lead to a further rise, with RSI indicating a positive trend reversal from the oversold zone.
- Targets: Rs 1290, Rs 1360
- Stop Loss: Rs 900
6. Marine Electricals
- CMP: Rs 414
- Outlook: The stock showed a strong breakout above Rs 300, maintaining an uptrend with a higher low formation. It moved past the 50EMA at Rs 405, improving the outlook for further gains.
- Targets: Rs 520, Rs 560
- Stop Loss: Rs 355
7. Shilpa Medicare
- CMP: Rs 907
- Outlook: Shilpa Medicare has been in a strong uptrend over the last 7-8 months. After a short correction, it found support near Rs 820, with a decent revival signaling a fresh round of upward movement. The RSI has corrected to the oversold zone, indicating a positive trend reversal.
- Targets: Rs 1230, Rs 1335
- Stop Loss: Rs 765
8. Syrma SGS Technology
- CMP: Rs 1525
- Outlook: Maintaining a strong uptrend with higher low formations, Syrma SGS has taken support near Rs 1390 after a short correction. A decent revival is visible, anticipating further positive movement. The RSI indicates a positive trend reversal.
- Targets: Rs 1970, Rs 2120
- Stop Loss: Rs 1290
9. TARIL
- CMP: Rs 315
- Outlook: TARIL showed a strong move from Rs 265 but resisted near Rs 360. Currently, it's taking support near the confluence of 50EMA and 200-period MA at Rs 300, with a bullish candle formation improving the outlook. The RSI is cooling off from the overbought zone, signaling a buy.
- Targets: Rs 385, Rs 440
- Stop Loss: Rs 260
10. TD Power Systems
- CMP: Rs 705
- Outlook: The stock has seen a significant run-up over the last year, maintaining an uptrend with higher low formations. After a short correction, it found support near Rs 620 and moved above the Rs 680 resistance, improving its technical outlook. The RSI has corrected well to the oversold zone, indicating a positive trend reversal.
- Targets: Rs 870, Rs 940
- Stop Loss: Rs 580
Disclaimer: This article provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.