Diwali Stock Picks 2026: With Diwali around the corner, investors looking for opportunities in the stock market can track four stocks recommended by PL Capital’s Derivative Desk. The brokerage has identified Indian Hotels, Sagility, Eternal, and Grasim as stocks that could see potential upside. PL Capital has also provided buying levels and multiple price targets for each stock.
Here is a look at the four Diwali stock picks, along with their current market prices, suggested buying levels, support and targets.
PL Capital’s Derivative Desk has recommended Indian Hotels as one of its Diwali 2026 picks. The stock was trading at Rs 810, while the brokerage has suggested buying it on declines towards Rs 780.
The stock has support at Rs 740, with three upside targets of Rs 890, Rs 940 and Rs 1,000.
According to the brokerage, option-chain data suggests that the breakout zone around Rs 790 is holding. After a prolonged consolidation, the stock appears positioned for a potential strong upmove.
| Particulars | Levels |
| Current market price | Rs 810 |
| Buy on declines | Rs 780 |
| Support | Rs 740 |
| Target 1 | Rs 890 |
| Target 2 | Rs 940 |
| Target 3 | Rs 1,000 |
Sagility is another stock on PL Capital’s Diwali picks list. The stock’s current market price is Rs 45, and the brokerage has recommended buying it on declines towards Rs 42.
The stock has support at Rs 40. PL Capital has set three price targets at Rs 51, Rs 55 and Rs 62.
The brokerage said the stock is attempting a breakout, with multiple support zones visible around the Rs 42 level.
| Particulars | Levels |
| Current market price | Rs 45 |
| Buy on declines | Rs 42 |
| Support | Rs 40 |
| Target 1 | Rs 51 |
| Target 2 | Rs 55 |
| Target 3 | Rs 62 |
Eternal share price target
The stock was trading at Rs 330, while the brokerage has suggested buying it on declines towards Rs 300. The support level is placed at Rs 270.
The brokerage has set three upside targets of Rs 390, Rs 430 and Rs 470.
According to PL Capital, the stock has shown resilience through recent market turbulence and appears poised for a potential breakout.
| Particulars | Levels |
| Current market price | Rs 330 |
| Buy on declines | Rs 300 |
| Support | Rs 270 |
| Target 1 | Rs 390 |
| Target 2 | Rs 430 |
| Target 3 | Rs 470 |
Grasim share price target
Grasim is the fourth stock in PL Capital’s Diwali picks for 2026.
The brokerage has recommended buying the stock on declines towards Rs 2,790. Its current market price is Rs 2,900, with support at Rs 2,740.
PL Capital has identified three upside targets at Rs 3,100, Rs 3,240 and Rs 3,300.
The brokerage noted that strong put additions are visible around the Rs 2,800 mark, indicating the potential for an upside move.
| Particulars | Levels |
| Current market price | Rs 2,900 |
| Buy on declines | Rs 2,790 |
| Support | Rs 2,740 |
| Target 1 | Rs 3,100 |
| Target 2 | Rs 3,240 |
| Target 3 | Rs 3,300 |
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)