Diwali 2026 Stock Picks: 5 Stocks for Samvat 2083; Shriram Finance, Grasim, Infosys Among Top Picks

With the Indian stock market entering Samvat 2083, investors are looking for stocks that could offer good opportunities in the new year. The Research Desk at Choice has shared five stock recommendations for Diwali 2026.

The recommendations include Shriram Finance, Grasim Industries, Infosys, Britannia Industries and Jindal Steel. The Research Desk has also shared the prices at which investors can consider buying these stocks, along with their target prices.

The outlook for the broader market also looks positive, with both the Nifty 50 and Bank Nifty showing signs of recovery.

Nifty, Bank Nifty Outlook: Where Could the Indices Head?

The Nifty 50 was trading around 23,250 and has shown strength after recovering from recent lows.

According to the technical analysis shared by the Research Desk, the 22,000 level is an important support for the index. If the Nifty continues to hold above this level, it could move towards 24,780 in the near term.

Over the next few months, the index could move towards 26,300. The longer-term target is 28,380.

The Bank Nifty is also showing signs of strength and was trading around 54,900.

The 53,000-52,783 range is an important support zone for the banking index. If it stays above this range and crosses 56,080, it could move towards 58,600-61,800.

For the longer term, the Bank Nifty has a target of 65,090.

Diwali 2026: Five Stocks Recommended by Choice Research Desk

Here are the five stocks recommended by the Choice Research Desk, along with their suggested buying prices and targets.

Shriram Finance

• Buy price: Rs 848
• Add more on dips: Rs 810
• First target: Rs 930
• Second target: Rs 1,050

Shriram Finance is showing signs of recovery after remaining under pressure for some time. The stock has started gaining strength on the weekly chart, which indicates that buyers are showing interest again.

The Rs 816 level is an important support for the stock. If it continues to stay above this level, it could move towards Rs 930 and then Rs 1,050.

Grasim Industries

• Buy price: Rs 3,007
• Add more on dips: Rs 2,920
• First target: Rs 3,380
• Second target: Rs 3,550

Grasim Industries has maintained a positive trend on the weekly chart. The stock has shown signs of recovery, with buying interest improving at lower levels.

The Rs 2,680 level is an important support. If the stock continues to hold above this level, it could move towards Rs 3,380, followed by Rs 3,550.

Infosys

• Buy price: Rs 1,171
• Add more on dips: Rs 1,145
• First target: Rs 1,320
• Second target: Rs 1,420

Infosys continues to show a positive long-term trend despite recent price movements.

The stock has found support around Rs 1,100, which is an important level to watch. Its recent price movement also suggests that buying interest is improving.

If the stock maintains its strength, it could move towards Rs 1,320 and then Rs 1,420.

Britannia Industries

• Buy price: Rs 4,621
• Add more on dips: Rs 4,500
• First target: Rs 4,960
• Second target: Rs 5,150

Britannia Industries continues to show a positive trend on the weekly chart. The stock has seen some ups and downs recently but is holding on to its broader upward trend.

The Rs 4,440 level is an important support. If buying interest continues, the stock could move towards Rs 4,960 and then Rs 5,150.

Jindal Steel

• Buy price: Rs 1,097
• Add more on dips: Rs 1,065
• First target: Rs 1,230
• Second target: Rs 1,290

Jindal Steel has shown signs of recovery after facing some selling pressure.

The stock has managed to find support around the Rs 1,000 level, which has helped improve its outlook. Its recent price movement also suggests that buying interest is returning.

If the positive trend continues, the stock could move towards Rs 1,230, followed by Rs 1,290.

Disclaimer

The stock recommendations and price targets are based on the technical analysis shared by the Choice Research Desk. Investors should consult their financial advisers before making any investment decisions. Investments in the securities market are subject to market risks.