Diwali 2025 Stock Picks: PL Capital Identifies Eight Stocks with 20–50% Upside Potential

PL Capital’s technical research team has highlighted eight promising stocks for Diwali Muhurat trading in Samvat 2082, expecting potential gains of 20% to 50%. The firm’s selections include Anant Raj, HBL Engineering, Hindustan Copper, Swiggy, TVS Motor, Va Tech Wabag, Hi-Tech Pipes, and V-Mart Retail, all showing strong technical setups, rising momentum, and improving RSI (Relative Strength Index) trends.

PL Capital’s Diwali Picks and Technical Outlook

1. Anant Raj

The stock has shown a sharp surge with strong volume support and steady consolidation. With RSI indicating renewed strength, PL Capital expects Anant Raj to move towards ₹1,100, offering an upside of around 58%, while ₹645 acts as key support.

2. HBL Engineering

After a brief correction, HBL Engineering regained momentum near the upper band of its rising channel. The RSI has turned positive again, suggesting a potential rebound towards ₹1,250 — up to 43% upside, with support at ₹780.

3. Hindustan Copper

Hindustan Copper has formed a bullish flag pattern, aided by rising volumes and improving momentum. PL Capital anticipates a move towards ₹440, offering 24% upside, with ₹300 serving as an important stop level.

4. Swiggy

Swiggy’s stock has stabilised near its 50-day EMA at ₹418, signaling a possible trend reversal. Improving RSI and positive technical patterns suggest the stock could reach ₹580, implying an upside of 36%, with ₹370 as short-term support.

5. TVS Motor

After a consolidation phase, TVS Motor is resuming its long-term upward trend. Strong RSI readings and technical robustness indicate potential gains up to ₹4,550, reflecting approximately 31% upside.

6. Va Tech Wabag, Hi-Tech Pipes, and V-Mart Retail

These counters also display strong technical indicators and favorable RSI trends, making them attractive options for traders during the Diwali season. PL Capital expects these stocks to extend their upward momentum into the new Samvat year.

Investor Takeaway:

With Diwali traditionally marking a positive trading phase in Indian markets, PL Capital’s picks could benefit from seasonal optimism, strong technical setups, and improving market momentum. Investors are advised to monitor key support levels while considering entry points for potential short- to medium-term gains.