Diwali Stock Picks 2026: PL Capital Names Apollo Hospitals, DLF, GE Vernova T&D, HBL Engineering, Jindal Steel and 5 More Stocks to Buy for Samvat 2083, With Target Price, Stop Loss and Upside From Today's Price

The most-watched Diwali stock picks of 2026 are out: PL Capital, also known as Prabhudas Lilladher, has recommended 10 stocks to buy for the new Hindu year, Samvat 2083, and each call comes with a target price range and a stop loss. The list of Diwali stock picks covers hospitals, real estate, transmission equipment, steel, defence electronics, pharma and electronics manufacturing, and it was published about ten days before the Diwali session on 8 November.

This article lists every one of the 10 Diwali stock picks with PL Capital's target and stop loss, shows how far each stock has moved since the list came out using NSE closing prices on 30 October 2026, explains the technical analysis behind the main calls, and sets out how to use festive stock lists without treating them as guarantees.

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Diwali Stock Picks 2026: PL Capital's Top 10 at a Glance

The 10 Diwali stock picks from PL Capital all carry a Buy rating and two target price levels, with a single stop loss for each. The table shows the levels as reported by BusinessToday and NDTV Profit, the closing price on 30 October 2026, and the upside to the lower and upper targets calculated from that close.

Stock	Close on 30 Oct 2026	Target price (Rs)	Upside from close	Stop loss (Rs)	Stop loss distance
Apollo Hospitals	Rs 8,448 (up 3.02%)	9,800 to 10,400	16.0% to 23.1%	7,000	17.1% below
DLF	Rs 691.55 (down 0.40%)	860 to 960	24.4% to 38.8%	570	17.6% below
GE Vernova T&D India	Rs 4,020 (down 1.74%)	5,100 to 5,450	26.9% to 35.6%	3,400	15.4% below
HBL Engineering	Rs 799.35 (down 2.01%)	1,000 to 1,080	25.1% to 35.1%	670	16.2% below
Jindal Steel	Rs 1,061.20 (up 0.11%)	1,290 to 1,360	21.6% to 28.2%	900	15.2% below
Marine Electricals	Rs 399.65 (down 5.03%)	520 to 560	30.1% to 40.1%	355	11.2% below
Shilpa Medicare	Rs 955.60 (up 2.14%)	1,230 to 1,335	28.7% to 39.7%	765	19.9% below
Syrma SGS Technology	Rs 1,625.30 (down 2.62%)	1,970 to 2,120	21.2% to 30.4%	1,290	20.6% below
TARIL	Rs 298.30 (down 5.54%)	385 to 440	29.1% to 47.5%	260	12.8% below
TD Power Systems	Rs 713.90 (down 0.77%)	870 to 940	21.9% to 31.7%	580	18.8% below

Source: PL Capital Diwali picks as reported by BusinessToday and NDTV Profit; NSE closing prices on 30 October 2026. Upside and stop loss distance are our calculations from the closing price. The Economic Times lists different levels for two stocks: a Rs 1,200 to 1,360 target and a Rs 355 stop loss for Jindal Steel, and a Rs 900 stop loss for Marine Electricals, so check the brokerage's own report for those two before acting.

What Are the Best Diwali Stock Picks From PL Capital's List?

The best of PL Capital's Diwali stock picks depends on whether you rank by upside, by risk-reward or by sector among the stocks to buy. By upside to the top target, TARIL leads at 47.5% followed by Marine Electricals at 40.1% and Shilpa Medicare at 39.7%. By the ratio of upside to stop loss distance, Marine Electricals and TARIL also come out ahead because their stops are the tightest at 11.2% and 12.8% below the current price. Apollo Hospitals offers the smallest upside at 16% to 23% but is also the largest company on the list.

1. Apollo Hospitals: Buy, Target Rs 9,800 to 10,400, Stop Loss Rs 7,000

Apollo Hospitals also appeared on PL Capital's Diwali list last year. That list for Samvat 2082 had a Rs 9,300 target on Apollo, and the stock at Rs 8,448 is still below it, which is a reminder that Diwali stock picks can take longer than a year to reach target. The stock rose 3.02% on 30 October and is up about 7% from the Rs 7,900 price at which PL Capital published the call. PL Capital's note cited a positive reversal on the chart with the RSI well placed.

2. DLF: Buy, Target Rs 860 to 960, Stop Loss Rs 570

DLF was at about Rs 670 when the list came out and closed at Rs 691.55 on 30 October. PL Capital's technical analysis pointed to a weekly-chart EMA level of Rs 623, a higher-bottom pattern and a volatility contraction pattern on the daily chart. The stop loss at Rs 570 is below the weekly EMA by about 8%, which gives the stock room for a deeper pullback.

3. GE Vernova T&D India: Buy, Target Rs 5,100 to 5,450, Stop Loss Rs 3,400

GE Vernova T&D India traded near Rs 3,970 when the call was published and closed at Rs 4,020 on 30 October, down 1.74% on the day. PL Capital described a recovery after the stock fell to about Rs 3,550, accompanied by rising volume. PL Capital's earlier sector note, published on 12 October, named GE Vernova T&D among its top picks in capital goods alongside Bharat Electronics and Cummins India, with a Rs 5,928 target, so the Diwali call fits a view PL Capital already held on transmission and data-centre spending.

4. HBL Engineering: Buy, Target Rs 1,000 to 1,080, Stop Loss Rs 670

HBL Engineering was at about Rs 780 at publication and closed at Rs 799.35 after a 2.01% fall on 30 October. It is the defence-electronics and battery play on the list, and the Rs 670 stop loss is 16.2% below the current price, a wide margin among these stocks to buy.

5. Jindal Steel: Buy, Target Rs 1,290 to 1,360, Stop Loss Rs 900

Jindal Steel was at Rs 1,050 when the list was published and closed at Rs 1,061.20. PL Capital's rationale for this Diwali stock pick was that the RSI had corrected well and signalled a positive trend reversal from the oversold zone, with the chart looking technically good for a move to Rs 1,290 and then Rs 1,360, a technical analysis call based on momentum rather than earnings.

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The Other Five Diwali Stock Picks: Marine Electricals, Shilpa Medicare, Syrma SGS, TARIL and TD Power

The second half of the Diwali stock picks, again built on technical analysis, leans towards smaller and mid-cap stocks to buy with larger upside and wider swings. Marine Electricals was at about Rs 414 when PL Capital published it and fell 5.03% to Rs 399.65 on 30 October, so the stock now offers more upside to the Rs 520 to 560 target than it did on publication. Shilpa Medicare, the pharma pick, rose 2.14% to Rs 955.60 against a publication price of Rs 907 and has the widest stop loss at Rs 765, which is 19.9% below the current price.

Syrma SGS Technology, the electronics manufacturing pick, was at about Rs 1,525 at publication and closed at Rs 1,625.30 after a 2.62% fall on the day, with a Rs 1,970 to 2,120 target. TARIL, the transformer maker, fell 5.54% to Rs 298.30 on 30 October, the biggest drop on the list, which puts it 29% below the lower target of Rs 385. TD Power Systems, a generator maker, closed at Rs 713.90, down 0.77%, with a Rs 870 to 940 target. TARIL and TD Power are both power equipment names, in a segment where PL Capital has said investment is sustained, especially in transmission, data centres and defence.

How Have the Diwali Stock Picks Moved Since PL Capital Published Them?

Seven of the eight Diwali stock picks from PL Capital for which the publication price is known are higher than when the list came out, with only Marine Electricals lower, at about 3.5% below its Rs 414 level. Apollo Hospitals is up about 7%, DLF about 3%, GE Vernova T&D about 1%, HBL Engineering about 2.5%, Jindal Steel about 1%, Shilpa Medicare about 5% and Syrma SGS about 6.5%. PL Capital's reports for TARIL and TD Power in the sources we reviewed did not carry a published price in the sources we reviewed, so no comparison is made for those two.

Stock	Price when list published	Close on 30 Oct 2026	Change since publication
Apollo Hospitals	Rs 7,900	Rs 8,448	Up about 6.9%
DLF	Rs 670	Rs 691.55	Up about 3.2%
GE Vernova T&D India	Rs 3,970	Rs 4,020	Up about 1.3%
HBL Engineering	Rs 780	Rs 799.35	Up about 2.5%
Jindal Steel	Rs 1,050	Rs 1,061.20	Up about 1.1%
Marine Electricals	Rs 414	Rs 399.65	Down about 3.5%
Shilpa Medicare	Rs 907	Rs 955.60	Up about 5.4%
Syrma SGS Technology	Rs 1,525	Rs 1,625.30	Up about 6.6%

Source: BusinessToday for publication prices; NSE for 30 October 2026 closing prices. The change is a simple price move and does not include any dividends.

How to Use Diwali Stock Picks Without Overpaying

Diwali stock picks from PL Capital or any brokerage are a starting list for research, not a buy order, and the useful way to read the Diwali stock picks is through the stop loss. Every one of PL Capital's stop loss levels on these Diwali stock picks is 11% to 21% below the current price, which is wide. A 20% fall in a stock like Syrma SGS or Shilpa Medicare before the call is declared wrong means the loss on a full position would be larger than the 20% to 30% upside the brokerage is targeting, so position size matters more than the entry price.

Three practical steps, none of them a substitute for technical analysis of your own entry, help anyone looking at these stocks to buy. First, decide how much of the portfolio each of the Diwali stock picks can be before you look at the target, based on what a 15% to 20% fall would cost you. Second, avoid buying all 10 Diwali stock picks on the same day, since several are in the same power and capital goods theme and will move together. Third, note that the reports do not state a time frame for the targets, and ETV Bharat describes the list as meant for long-term investment, so treat the targets on these Diwali stock picks as a 12-month view rather than a Diwali-week trade. Consult a SEBI-registered financial advisor before building positions in these Diwali stock picks.

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Muhurat Trading and Samvat 2083: What the Festive Session Means

Muhurat trading, where many investors buy their Diwali stock picks, is the one-hour special session the NSE and BSE hold on Diwali evening, and many investors buy a token amount of a stock they plan to hold for the new Samvat year, in this case Samvat 2083. The Diwali session this year falls on 8 November, according to the reports on PL Capital's list. The session is largely ceremonial, and brokerages publish their lists days in advance so that investors can plan, not so that they buy on the evening itself.

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Conclusion

PL Capital's Diwali stock picks for Samvat 2083 offer a spread of themes, from hospitals and real estate to transmission equipment, steel, defence electronics, pharma and electronics manufacturing, with upper targets that imply 23% to 48% upside and stop losses 11% to 21% below today's prices. Seven of the eight stocks with known publication prices are higher since the list came out, while TARIL and Marine Electricals fell more than 5% on 30 October. The sensible approach to the Diwali stock picks is to size positions around the stop loss, stagger purchases across the power and capital goods names, and treat the target price as a 12-month view.

Frequently Asked Questions on Diwali Stock Picks 2026

Which stocks has PL Capital recommended as Diwali stock picks for 2026?

Ans. PL Capital has recommended 10 Diwali stock picks for Samvat 2083, all with a Buy rating: Apollo Hospitals, DLF, GE Vernova T&D India, HBL Engineering, Jindal Steel, Marine Electricals, Shilpa Medicare, Syrma SGS Technology, TARIL and TD Power Systems. Each of the Diwali stock picks comes with two target price levels and a stop loss. The list was reported by BusinessToday on 28 October 2026, ahead of the Diwali session on 8 November.

What are the target prices and stop losses for PL Capital's Diwali picks?

Ans. PL Capital's targets and stop loss levels for the Diwali stock picks are: Apollo Hospitals Rs 9,800 to 10,400 with a Rs 7,000 stop loss; DLF Rs 860 to 960 and Rs 570; GE Vernova T&D India Rs 5,100 to 5,450 and Rs 3,400; HBL Engineering Rs 1,000 to 1,080 and Rs 670; Jindal Steel Rs 1,290 to 1,360 and Rs 900; Marine Electricals Rs 520 to 560 and Rs 355; Shilpa Medicare Rs 1,230 to 1,335 and Rs 765; Syrma SGS Rs 1,970 to 2,120 and Rs 1,290; TARIL Rs 385 to 440 and Rs 260; and TD Power Systems Rs 870 to 940 and Rs 580.

Which Diwali stock pick has the highest upside from the current price?

Ans. TARIL has the highest upside among PL Capital's Diwali stock picks, with the upper target of Rs 440 implying about 47.5% from its 30 October close of Rs 298.30, followed by Marine Electricals at about 40.1% and Shilpa Medicare at about 39.7%. Apollo Hospitals has the lowest upside at 16.0% to 23.1%. Higher upside comes with higher volatility, since TARIL and Marine Electricals both fell more than 5% on the same day.

Are PL Capital's Diwali picks for the short term or the long term?

Ans. PL Capital's Diwali stock picks are described by ETV Bharat as selected for long-term investment, but the reports from BusinessToday, NDTV Profit and The Economic Times do not state a specific time frame for the targets. Investors should read the stop loss and target as a roughly 12-month view for Samvat 2083 rather than a trade for Diwali week, and check the brokerage's own report if the holding period matters to their plan.

When is Muhurat trading on Diwali 2026?

Ans. The Diwali session in 2026 falls on 8 November, according to reports on PL Capital's Diwali list. Muhurat trading is a special one-hour trading session held on Diwali evening on the NSE and BSE, and the exact timings are announced by the exchanges in advance. Many investors buy a token quantity of a stock for the new Samvat year, but the session is more about tradition than a reliable signal for returns.

Is Apollo Hospitals a repeat pick on PL Capital's Diwali list?

Ans. Yes. Apollo Hospitals also featured among PL Capital's Diwali stock picks for Samvat 2082 last year with a target of Rs 9,300, and it is on this year's list with a target of Rs 9,800 to 10,400 and a stop loss of Rs 7,000. At the 30 October 2026 close of Rs 8,448 the stock is still below last year's Rs 9,300 target, which shows that festive targets can take longer than a year to play out.

Should I buy all 10 Diwali stock picks?

Ans. Buying all 10 Diwali stock picks from PL Capital at once is not necessary and may concentrate risk, because several of them, including GE Vernova T&D, TARIL, TD Power Systems and HBL Engineering, are linked to the same power and capital goods theme. Investors can size each position around the stop loss, which is 11% to 21% below current prices, and stagger purchases. This is not investment advice, so consult a SEBI-registered financial advisor before building a portfolio from a brokerage list.

Why do the reported levels differ for Jindal Steel and Marine Electricals?

Ans. BusinessToday and NDTV Profit report Jindal Steel at a target of Rs 1,290 to 1,360 with a Rs 900 stop loss and Marine Electricals at Rs 520 to 560 with a Rs 355 stop loss, while The Economic Times lists Jindal Steel at Rs 1,200 to 1,360 with a Rs 355 stop loss and Marine Electricals with a Rs 900 stop loss. The discrepancy is unresolved in the sources, so investors should confirm the levels in PL Capital's own Diwali report.