{"id":325635,"date":"2026-10-23T16:21:06","date_gmt":"2026-10-23T10:51:06","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=325635"},"modified":"2026-10-23T16:21:06","modified_gmt":"2026-10-23T10:51:06","slug":"midcap-diwali-stocks-to-watch-multibagger-potential","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/midcap-diwali-stocks-to-watch-multibagger-potential\/","title":{"rendered":"4 Midcap Diwali Stocks to Watch for Future Multibagger Potential: Lupin, Federal Bank, Radico Khaitan and Kalyan Jewellers"},"content":{"rendered":"

Lupin Rs 1,922. Federal Bank Rs 347.80. Radico Khaitan Rs 4,356.10. Kalyan Jewellers Rs 557. Market caps from Rs 58,211 crore to Rs 89,592 crore. Data as of 22 Oct 2026.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

Lupin, Federal Bank, Radico Khaitan and Kalyan Jewellers are the 4 picks in this Diwali stocks watchlist, with market caps between Rs 58,211 crore and Rs 89,592 crore. Lupin stands out for the highest return on equity at 23.76%, while Federal Bank offers the lowest PE of the group at 15.47. PE ratios run from 15.47 to 87.03, so compare each one with its industry PE before investing. All figures are as of 22 October 2026.<\/p>\n<\/p><\/div>\n

Diwali stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Lupin, Federal Bank, Radico Khaitan and Kalyan Jewellers meet that test, with market caps from Rs 58,211 crore to Rs 89,592 crore and Lupin offering the highest return on equity at 23.76%. Each of these companies has a market capitalisation between Rs 30,000 crore and Rs 1,00,000 crore and a positive one-year return, a return on equity above 12 per cent and a dividend, and net profit rose in FY26 and in the latest quarter.<\/p>\n

This list covers companies with a market capitalisation between Rs 30,000 crore and Rs 1,00,000 crore and a positive one-year return, a return on equity above 12 per cent and a dividend, rising profit in FY26 and the latest quarter, and complete, verifiable financials, ranked by market capitalisation. Each company has a market cap between Rs 30,000 crore and Rs 1 lakh crore. Investors screening Diwali stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 22 October 2026 and are drawn from NSE and BSE data and company filings.<\/p>\n

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