Bajaj Broking Lists 9 Stocks for Diwali 2026 Investment

Bajaj Broking has unveiled a list of nine stocks that investors should consider for Diwali 2026, emphasizing sectors such as automobiles, banking, beverages, and power equipment. This selection aims to provide investors with a diversified portfolio that combines both fundamental and technical analysis.

Among the recommended stocks, Mahindra & Mahindra (M&M) stands out with a target price of ₹3,251, reflecting an 11.80% upside from its current market price of ₹2,908. The brokerage anticipates that M&M's growth will be driven by strong demand for SUVs, pricing power, and new vehicle launches, although it cautions about rising commodity costs and execution risks.

Varun Beverages is another stock highlighted, with a target price of ₹459, suggesting a potential upside of 12.46%. The brokerage expects the company to benefit from volume growth and international expansion, particularly in markets like Morocco and Zimbabwe. However, it notes that higher raw material costs and competition could pose challenges.

CG Power & Industrial Solutions is projected to reach a target price of ₹938, indicating a 15.80% upside. The firm’s robust order backlog and expansion in transformer manufacturing are seen as key growth drivers, but execution challenges remain a concern. Additionally, GE Vernova T&D India has a target price of ₹4,545, with a potential upside of 12.22%, driven by investments in power infrastructure.

Looking ahead, Bajaj Broking's recommendations suggest that investors should monitor these stocks closely as they prepare for Diwali 2026. With significant upside potential across various sectors, these stocks could offer promising investment opportunities in the coming months.