Equirus Prive Unveils 16 Diwali Picks with Upside Potential Up to 73%

Equirus Prive, the private wealth management arm of Equirus Wealth, has announced its Diwali Picks for 2026, showcasing a curated portfolio of 16 stocks across diverse sectors, including financial services, automobiles, manufacturing, and energy. This selection aims to capitalize on India's evolving economic landscape, with an investment horizon extending to December 2027. The portfolio is designed to leverage long-term structural growth opportunities, reflecting Equirus Prive's confidence in the country's economic trajectory.

The Diwali Picks 2026 portfolio emphasizes a higher allocation to financial services, underscoring Equirus Prive's optimistic outlook on India's credit growth and financial inclusion. Pallav Bagaria, Managing Director of Equirus Wealth, stated, "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."

Among the highlighted stocks, HDFC Bank stands out with a target price of ₹990, indicating a potential upside of 30% from its current market price of ₹760. Canara Bank follows closely with a target of ₹165, suggesting a 34% upside from ₹123. Equitas Small Finance Bank is also featured, with a target price of ₹82, which implies a potential upside of 49% from its current price of ₹55.

The portfolio includes several non-banking financial companies (NBFCs) that are expected to benefit from the ongoing economic recovery. MAS Financial Services is a notable inclusion, with a target price of ₹450, suggesting an impressive upside of 65% from its current market price of ₹272. Similarly, Arman Financial Services has a target price of ₹2,389, indicating a potential upside of 49% from its CMP of ₹1,607.

In the automotive sector, Equirus Prive has selected Mahindra & Mahindra and Hero MotoCorp. Mahindra & Mahindra has a target price of ₹4,171, reflecting a 33% upside from its current market price of ₹3,128. Hero MotoCorp is projected to reach ₹7,427, suggesting a 35% upside from its current price of ₹5,514. These selections underscore the brokerage's belief in the recovery of consumer demand and the automotive sector's resilience.

The engineering and manufacturing segment features prominently in the Diwali Picks, with several companies poised to benefit from increased industrial activity and infrastructure development. Lloyds Engineering Works has a target price of ₹125, indicating a potential upside of 47% from ₹85. Time Technoplast is also included, with a target price of ₹275, suggesting a remarkable 58% upside from its current price of ₹174. Additionally, Technocraft Industries is projected to reach ₹3,851, implying a 39% upside from its CMP of ₹2,770.

In the energy sector, Equirus Prive has identified Antelopus Selan Energy, assigning it a target price of ₹1,360, which indicates an impressive upside potential of 54% from its current market price of ₹883. The agro-processing sector is represented by Regaal Resources, which manufactures maize starch and specialty starches. The brokerage has set a target price of ₹156 for Regaal Resources, suggesting a substantial upside of 73% from its CMP of ₹90.

The following table summarizes the key stocks included in Equirus Prive's Diwali Picks 2026, along with their target prices and potential upsides:

Equirus Prive's Diwali Picks 2026 reflect a strategic approach to investing in sectors poised for growth, emphasizing the importance of long-term value creation. As the Indian economy continues to evolve, these selections may provide investors with compelling opportunities to capitalize on emerging trends and structural shifts.