Equirus Prive Unveils 16 Diwali 2026 Stock Picks
Equirus Prive, the private wealth division of Equirus Wealth, has released its Diwali Picks 2026 portfolio, outlining 16 high-conviction stock recommendations. The portfolio, which targets an investment horizon through December 2027, focuses on companies expected to benefit from India's structural economic growth, including sectors such as financial services, automobiles, manufacturing, infrastructure, energy, and consumption.
The selection strategy prioritizes financial services, citing expectations for increased credit growth, financial inclusion, and the formalization of savings. Pallav Bagaria, Managing Director of Equirus Wealth, noted that the portfolio aims to capture opportunities arising from infrastructure development, manufacturing investments, and rising domestic consumption by blending established market leaders with emerging companies.
The portfolio includes several financial institutions. HDFC Bank has a target price of ₹990, representing a 30% upside from its current market price (CMP) of ₹760. Canara Bank is targeted at ₹165, a 34% increase from ₹123, while Equitas Small Finance Bank has a target of ₹82, a 49% potential upside from ₹55. Among non-bank financial companies, MAS Financial Services has a target of ₹450, suggesting a 65% upside from ₹272, and Arman Financial Services is targeted at ₹2,389, a 49% increase from its CMP of ₹1,607.
In the automotive sector, Mahindra & Mahindra has a target price of ₹4,171, an upside of 33% from ₹3,128. Hero MotoCorp is targeted at ₹7,427, a 35% increase from its current price of ₹5,514. The manufacturing and engineering segment features Lloyds Engineering Works (target ₹125, 47% upside), Time Technoplast (target ₹275, 58% upside), Technocraft Industries (target ₹3,851, 39% upside), GMM Pfaudler (target ₹1,744, 46% upside), Frontier Springs (target ₹2,064, 50% upside), and Voltas (target ₹1,503, 35% upside).
Rounding out the list are Filatex India in the textile sector with a target of ₹118 (26% upside), Antelopus Selan Energy in the energy sector with a target of ₹1,360 (54% upside), and Regaal Resources, an agro-processing firm, with a target of ₹156, indicating a 73% upside from its CMP of ₹90.
For investors, these curated lists serve as a starting point for research into sectors aligned with India's macroeconomic trends, though they should be balanced against individual risk tolerance and independent expert verification.
Why it matters
This portfolio provides investors with a specific set of high-conviction targets aligned with long-term Indian economic growth themes, useful for those evaluating sector-specific exposure through 2027.
FAQ
What is the investment horizon for the Equirus Prive Diwali Picks 2026?
The investment horizon for the portfolio extends to December 2027.
Which sector has the highest allocation in the portfolio?
The portfolio has a higher allocation to financial services, reflecting a positive outlook on credit growth, financial inclusion, and the formalization of savings.
What is the highest percentage upside target mentioned in the list?
The highest mentioned upside is 73% for Regaal Resources, with a target price of ₹156 from a current price of ₹90.
Source: Mint Markets. See the original source for full details.
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