Synopsis:
Here are the top stock picks recommended by Trade Brains Portal for this Diwali festive season, worth keeping on your radar.
As the festive season approaches, investors often look for potential stock opportunities to capitalize on market momentum. Trade Brains Portal presents a curated list of Diwali stock picks, highlighting companies with strong fundamentals, growth potential, and favorable market trends. These selections aim to guide investors in making informed decisions during one of the most active periods in the Indian stock market.
Below are the list of stocks
BSE Ltd
Established in 1875, the Bombay Stock Exchange (BSE) is Asia’s oldest stock exchange and one of India’s leading financial institutions. It lists 5,452 companies with a market capitalization of USD 5.25 trillion, serves over 219 million investors, and is known for its ultra-fast 6-microsecond trade execution.
With the market capitalization of Rs. 1,01,344.16 crore, the BSE Ltd closed at Rs. 2,488.20 on Friday. The Trade brains portal has given a target price of Rs. 3,200, implying an Upside of 28.6 percent from current market price.
In Q1 FY26, BSE posted its best quarterly performance in 150 years, with total income of Rs 1,044.45 crore, up 56 percent year on year. EBITDA increased to Rs 626 crore, with margins reaching 65 percent, while net profit increased by 104 percent year on year to Rs 538.17 crore. Transaction charges rose 84 percent to Rs 737 crore, and the exchange saw 21 new equity listings totaling Rs 14,237 crore, surpassing 600 SME listings. BSE Star MF transactions increased 30 percent to 18.3 crore, and the BSE facilitated capital raising of Rs 7.59 lakh crore through various financial instruments.
Jupiter Wagons Ltd
Jupiter Wagons Limited (JWL), founded in 1979, provides integrated mobility solutions, including freight wagons, locomotives, commercial vehicles, and key components. With five manufacturing facilities and full backward integration, it serves sectors like Indian Railways, defence, and logistics, holding an order book of Rs 5,972 crore as of Q1 FY26.
With the market capitalization of Rs. 13,590.31 crore, Jupiter Wagons Ltd closed at Rs. 320.15 on Friday. The Trade brains portal has given a target price of Rs. 410, implying an Upside of 28 percent from current market price.
In Q1 FY26, the company’s revenue fell to Rs. 459 crore from Rs. 879.8 crore in Q1 FY25 due to wheelset shortages, with EBITDA at Rs. 60 crore and profit at Rs. 31 crore. Despite this, management expects 10–15 percent revenue growth and 14–15 percent EBITDA margins for FY26. Key updates include a Rs. 2,500 crore Orissa project (FY26–FY27), the first EV showroom in Bengaluru with 4–6 more planned, and two new eLCVs (1-ton and 2-ton). The company also partnered with Pickkup to deploy 300 JEM TEZ vehicles. Looking ahead, the battery business could reach Rs. 200–300 crore by FY27, brake systems Rs. 250–500 crore, wagon revenue Rs. 4,000–4,500 crore, and wheelset revenue Rs. 550 crore in FY26, growing to Rs. 2,000–3,000 crore by FY28 as the Orissa facility starts production.
Trent Ltd
Trent Limited, founded in 1998 and part of the Tata Group, operates 1,101 retail stores across 242 cities, including international locations in the UAE. Its key brands include Westside (261 stores), Zudio (806 stores), and Trent Hypermarket (77 stores), collectively serving over 18 million WestStyle Club members with a wide range of fashion and lifestyle products.
With the market capitalization of Rs. 1,70,456.24 crore, Trent Ltd closed at Rs. 4,795 on Friday. The Trade brains portal has given a target price of Rs. 5,750, implying an Upside of 19.91 percent from current market price.
In Q1 FY26, Trent Limited reported revenue of Rs. 4,883.5 crore, up 19 percent YoY from Rs. 4,104.4 crore in Q1 FY25, with operating EBIT rising 21 percent to Rs. 547 crore and PAT growing 8.5 percent to Rs. 424.7 crore. The company continued expanding its retail footprint, increasing Westside stores to 261, Star stores to 77, and Zudio outlets to 806, including new openings across major cities. In Q2 FY26, revenue reached Rs. 5,002 crore, up 17 percent YoY from Rs. 4,260 crore, supported by 13 new Westside and 40 new Zudio stores. With India’s retail market projected to more than double to Rs. 190 lakh crore by 2034 and the fashion segment expected to grow at 10–12 percent CAGR to Rs. 18 lakh crore by 2028, Trent is well-positioned to capitalize on this expansion.
Shakti Pumps (India) Ltd
Shakti Pumps India Ltd., founded in 1982, manufactures energy-efficient stainless-steel submersible solar pumps and motors, holding over 25 percent market share under the PM KUSUM scheme. With exports to 100 countries, 500 dealers, and 400 service centres in India, it offers 1,200 products and produces hundreds of thousands of pumps, motors, inverters, and structures annually.
With a market capitalization of Rs. 9,918.73 crore, Shakti Pumps (India) Ltd closed at Rs. 803.80 on Friday. The Trade brains portal has given a target price of Rs. 995, implying an Upside of 23.799 percent from current market price.
In Q1 FY26, Shakti Pumps Ltd’s revenue rose 9.7 percent YoY to Rs. 622.5 crore, with EBITDA at Rs. 143.6 crore (23.1 percent margin) and PAT at Rs. 96.8 crore (15.6 percent margin). The company has an order book of Rs. 1,350 crore and is executing a Rs. 1,700 crore capex plan for pump, EV, and solar expansions. Government and export segments grew strongly (37.5 percent and 24.8 percent CAGR FY21–25), and collaborations with the International Solar Alliance are boosting solar demand. The company targets 25–30 percent revenue growth in FY26 and aims to sustain it over the next 3–4 years.
Bajaj Auto Ltd
Bajaj Auto, the flagship of the Bajaj Group, is a leading manufacturer of two- and three-wheelers, exporting to over 79 countries. India’s second-largest motorcycle maker and the world’s largest three-wheeler producer, it operates five plants with 7.2 million units capacity and ranks among the top five in India’s electric two-wheeler market with its Chetak brand.
With the market capitalization of Rs. 2,55,409.01 crore, Bajaj Auto Ltd closed at Rs. 9,146 on Friday. The Trade brains portal has given a target price of Rs. 10,600, implying an Upside of 15.9 percent from current market price.
In Q1 FY26, Bajaj Auto reported revenue of Rs. 13,133.35 crore, up 10 percent YoY, driven by strong exports, commercial vehicles, premium motorcycles, and the Chetak EV. EBITDA stood at Rs. 3,301.92 crore and PAT at Rs. 2,210.44 crore. The company sold 5,29,344 two-wheelers and 1,05,464 commercial vehicles domestically, with CV sales exceeding 1 lakh units for the eighth consecutive quarter. Bajaj Auto leads the ICE 3W market (75.7 percent share) and holds over 35 percent of the e-auto segment. Under the PLI scheme, it plans a Rs. 1,000 crore investment over five years, with Rs. 600–700 crore capex in FY25–26.
Kalyan Jewellers India Ltd
Kalyan Jewellers, with over three decades in the business, holds a 7 percent share of India’s organized jewellery market. As of June 2025, it operates 368 stores in India and 38 overseas, including 287 Kalyan and 81 Candere stores, with a total retail space of 8,83,200 sq. ft.
With the market capitalization of Rs. 50,620.89 crore, Kalyan Jewellers India Ltd closed at Rs. 490.25 on Friday. The Trade brains portal has given a target price of Rs. 620, implying an Upside of 26.47 percent from current market price.
As of Q1 FY26, the company reported revenue of Rs. 7,268.5 crore, up 31 percent YoY, with PAT rising 49 percent to Rs. 264.1 crore, driven by same-store sales growth (SSSG), FOCO model expansion, and strong customer additions. India revenue grew 31 percent YoY to Rs. 6,142.2 crore (PAT 55 percent), while Middle East revenue rose 27 percent YoY to Rs. 1,026.5 crore. In Q2 FY26, SSSG in India was ~16 percent, supported by festive and wedding demand. The company launched 15 Kalyan showrooms, 2 Middle East showrooms, and 15 Candere outlets, with plans to reach 446 Kalyan, 46 Middle East, 233 Candere, and 471 FOCO showrooms by 2027.
HCL Technologies Ltd
HCLTech is a global technology company with over 226,640 employees across 60 countries, providing solutions in digital transformation, engineering, cloud, and AI. It serves clients across industries including financial services, manufacturing, healthcare, telecom, retail, and public services.
With the market capitalization of Rs. 4,02,952.13 crore, HCL Technologies Ltd closed at Rs. 1,484.90 on Friday. The Trade brains portal has given a target price of Rs. 1,870, implying an Upside of 25.93 percent from current market price.
In Q2 FY26, HCL Tech reported revenue of Rs. 31,942 crore, up 10.7 percent YoY, with EBIT rising 3.5 percent to Rs. 5,550 crore, while net profit remained flat at Rs. 4,235 crore. Advanced AI revenue crossed USD 100 million, and new bookings exceeded USD 2.5 billion without mega deals. The company is focusing on domestic hiring over H-1B visas, with LTM attrition at 12.6 percent. For FY26, HCL Tech expects revenue growth of 3–5 percent YoY, services growth of 4–5 percent, and EBIT margins of 17–18 percent. It also partnered with GSMA to drive telecom innovation.
Persistent Systems Ltd
Persistent Systems Ltd., founded in 1990, provides software and technology solutions across industries like BFSI, healthcare, telecom, and hi-tech. It offers services in digital strategy, software engineering, cloud, automation, and analytics, with 26,224 employees across 18 countries and a TTM attrition of 13.8 percent as of Q2 FY26.
With the market capitalization of Rs. 90,056.68 crore, Persistent Systems Ltd closed at Rs. 5,758.10 on Friday. The Trade brains portal has given a target price of Rs. 6,700, implying an Upside of 16.36 percent from current market price.
In Q2 FY26, the company reported revenue of Rs. 3,580.72 crore, up 23.6 percent YoY and 4.2 percent QoQ, marking its 22nd consecutive quarter of growth, with operating margin improving to 16.3 percent. PAT rose 45.1 percent YoY to Rs. 471.47 crore and EBIT grew 43.7 percent to Rs. 583.74 crore. TTM contract values stood at USD 609.2 million (TCV) and USD 447.9 million (ACV), while ROCE and ROE improved to 45.5 percent and 26.2 percent, respectively. DSO reduced from 92 to 75 days, and the company targets a 200–300 bps margin improvement over 2–3 years. Key Q2 wins included a 360° AI infrastructure collaboration with a global provider.
Solar Industries India Ltd
Solar Industries India, a leading explosives manufacturer since 1996, serves mining, infrastructure, defence, and space sectors. Operating 40 plants with exports to 90 countries, it supplied 600,000 MT of explosives in FY25 and holds an order book of Rs 16,800 crore as of Q1 FY26, including Rs 15,000 crore from defence.
With the market capitalization of Rs. 1,26,523.19 crore, Solar Industries India Ltd closed at Rs. 13,982 on Friday. The Trade brains portal has given a target price of Rs. 16,600, implying an Upside of 18.72 percent from current market price.
In Q1 FY26, the company reported revenue of Rs. 2,154.54 crore, up 28 percent YoY, with record EBITDA of Rs. 564 crore and PAT of Rs. 353 crore. International business grew 43 percent YoY to Rs. 826 crore, while defence revenue surged 115 percent YoY to Rs. 418 crore, supported by a Rs. 15,000 crore order book. Revenue from Coal India, non-CIL institutions, and housing/infrastructure stood at Rs. 238 crore, Rs. 348 crore, and Rs. 312 crore, respectively. For FY26, management targets Rs. 10,000 crore revenue (Rs. 3,000 crore from defence) and aims for Rs. 20,000 crore by FY29. A Rs. 2,500 crore capex is planned for technology upgrades and product expansion, alongside a Rs. 12,700 crore MoU with Maharashtra for defence and aerospace investments.
Lodha Developers Ltd
Macrotech Developers Limited (Lodha Group), founded in 1995, is a leading Indian real estate developer active in MMR, Pune, Bengaluru, and London. With 40 ongoing projects and 11 planned launches in FY26 (GDV Rs 133.3 billion), it holds market shares of 10 percent in MMR, 5 percent in Pune, and 2 percent in Bengaluru, under brands like Lodha, Lodha Luxury, and Palava City.
With the market capitalization of Rs. 1,18,512.36 crore, Lodha Developers Ltd closed at Rs. 1,186.90 on Friday. The Trade brains portal has given a target price of Rs. 1420, implying an Upside of 19.64 percent from current market price.
In Q1 FY26, the company reported revenue of Rs. 34.9 billion, up 22.7 percent YoY, with adjusted EBITDA of Rs. 12 billion (margin 34.4 percent) and PAT of Rs. 6.8 billion, up 41.9 percent YoY. Net worth stood at Rs. 209.5 billion with net debt-to-equity of 0.24, and ROE is expected to rise to 21 percent in FY26. Collections were Rs. 28.8 billion (7 percent YoY) and pre-sales reached a record Rs. 44.5 billion (10 percent YoY). The company targets Rs. 210 billion in pre-sales for FY26, operating cash flow of Rs. 77 billion, and a launch pipeline of Rs. 250 billion, with plans to enter Delhi NCR within 12 months.
Written by Akshay Sanghavi
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