{"id":325659,"date":"2026-10-23T16:23:10","date_gmt":"2026-10-23T10:53:10","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=325659"},"modified":"2026-10-23T16:23:10","modified_gmt":"2026-10-23T10:53:10","slug":"smallcap-diwali-stocks-to-watch-multibagger-potential","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/smallcap-diwali-stocks-to-watch-multibagger-potential\/","title":{"rendered":"4 Smallcap Diwali Stocks to Watch for Future Multibagger Potential: Sundram Fasteners, Force Motors, Elgi Equipments and Vijaya Diagnostic"},"content":{"rendered":"

Sundram Fasteners Rs 1,054.20. Force Motors Rs 16,768. Elgi Equipments Rs 534. Vijaya Diagnostic Rs 1,368.20. Market caps from Rs 14,228 crore to Rs 23,824 crore. Data as of 22 Oct 2026.<\/em><\/p>\n

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

Sundram Fasteners, Force Motors, Elgi Equipments and Vijaya Diagnostic are the 4 picks in this Diwali stocks watchlist, with market caps between Rs 14,228 crore and Rs 23,824 crore. Sundram Fasteners stands out for the largest market cap at Rs 23,824 crore, while Force Motors offers the highest return on equity at 25.19%. PE ratios run from 18.47 to 75.90, 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. Sundram Fasteners, Force Motors, Elgi Equipments and Vijaya Diagnostic meet that test, with market caps from Rs 14,228 crore to Rs 23,824 crore and Sundram Fasteners offering the largest market cap at Rs 23,824 crore. Each of these companies has a market capitalisation below Rs 30,000 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 below Rs 30,000 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 below Rs 30,000 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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