PL Capital - Prabhudas Lilladher, one of the most trusted financial services organisations in India, has released its report on Diwali picks for 2025. Below are the top picks by the Technical Research Desk headed by Ms. Vaishali Parekh, Vice President-Technical Research, PL Capital.

Anantraj Limited
Buy at CMP: Rs 695, Target: Rs 940 - 1,100, Stoploss: Rs 645
The stock has recently witnessed a decent spurt with huge volume participation witnessed strengthening the trend and thereafter has maintained the positive bias with consolidation happening accompanied with significant volume participation maintained consistently to anticipate for further fresh upward move in the coming days. The RSI has gained strength and with much upside potential visible can carry on with the positive move further ahead. With the chart technically looking strong, we suggest to buy the stock for upside potential targets of 940 and 1100 levels keeping the stop loss of 645.
HBL Engineering
Buy at CMP: Rs 872, Target: Rs 1,100 - 1,250, Stop-loss: Rs 780
The stock after having a strong runup, has witnessed a short period of correction finding support near the upper band of the rising channel pattern at 825 zone on the daily chart and thereafter, has witnessed a decent consolidation with bias maintained positive. Currently, with a decent pullback there is indications of positive move and significant volume participation visible, can anticipate for another fresh round of upward move in the coming days. The RSI has cooled off significantly from the overbought zone and is currently well positioned indicating a revival with a positive trend reversal to signal a buy and can carry on with the positive move further ahead with much upside potential visible. With the chart technically well placed, we suggest buying the stock for upside targets of 1100 and 1250 keeping the stop loss at the 780 level.
Hind Copper
Buy at CMP: Rs 355, Target: Rs 405 - 440, Stop-loss: Rs 300
The stock has given a robust move in the last one month from 245 zone maintaining a strong uptrend with currently having much upside potential to carry on with the positive move. The RSI is maintained strong and with some consolidation or may be after witnessing a short dip can continue with the upward move further in the coming days. With volume participation on the rise and with the chart technically well poised, can expect for further gains and so suggest to buy and accumulate the stock for upside potential targets of 405 and 440 levels keeping the stop loss of 300 level.
Hi Tech Pipes
Buy at CMP: Rs 120, Target: Rs 150 - 165, stop-loss: Rs 106
The stock has recently witnessed a robust move from the 50EMA zone at 92 level with a strong uptrend maintained and thereafter with a short dip witnessed, has formed a flag pattern on the daily chart. Currently, with indications of huge volume spurt accompanied by positive price action, the bias has once again improved to anticipate for another fresh round of upward movement in the coming days with volume participation on the rise once again. The RSI has cooled off significantly from the highly overbought zone and is currently well positioned having much upside potential with strength indicated. With the chart technically well placed and looking attractive, we suggest to buy the stock for upside potential targets of 150 and 165 levels keeping the stop loss of 106.
Swiggy
Buy at CMP: Rs 425, Target: Rs 530 - 580, stop-loss: Rs 370
The stock has improved the overall trend in the last 4 months with an ascending channel pattern indicated on the daily chart with currently after a short period of correction has stabilised near the important 50EMA at 418 zone which is also the base of the channel and with improving bias has once again shown signs of revival to anticipate for further upward move in the coming days. The RSI is well placed and has indicated a positive trend reversal to signal a buy and with upside potential visible, can carry on with the positive move further ahead. With the chart technically looking good, we suggest to buy the stock for upside targets of 530 and 580 levels keeping the stop loss of 370 level.
TVS Motor
Buy at CMP: Rs 3,460, Target: Rs 4,100-4,550, Stop-loss: Rs 3,100
The stock has indicated a strong run up since the last 3-4 years with strong bias maintained intact and with currently having a consolidation period for quite some time, has once again started improving the bias to anticipate for further rise in the coming days. The RSI has corrected quite significantly from the overbought zone and is currently well positioned to expect for another fresh round of upward move. With the chart technically looking good, we suggest to buy and accumulate the stock for upside targets of 4100 and 4550 levels keeping the stop loss of 3100 level.
Va Tech Wabag
Buy at CMP: Rs 1,432, Target: Rs 1,770 - 1,900, Stop-loss: Rs 1,270
The stock recently after witnessing a short period of correction has arrived near the strong support zone at 1390 level where a double bottom pattern is visible on the daily chart with a pullback indicated improving the bias and can anticipate for further rise in the coming days. The RSI has corrected well and is currently well positioned indicating a positive trend reversal signalling a buy with much upside potential visible to carry on with the positive move. With the chart pattern technically well positioned and looking attractive, we suggest to buy the stock for upside targets of 1770 and 1900 levels keeping the stop loss of 1270.
V-Mart Retail
Buy at CMP: Rs 838, Target: Rs 1,030 - 1,130, Stop-loss: Rs 730
The stock having a decent erosion from 945 zone has taken support near the 700 level recently and having witnessed a strong spurt moving past the important 200 period SMA and 100 period SMA at 800 zone has strengthen the trend and thereafter, with a flag pattern formation on the daily chart has once again indicated a decent rise with volume participation visible to anticipate for another fresh round of upward move in the coming days. The RSI has shot up with strength indicated and can carry on with the positive move further ahead with upside potential visible. With the chart technically looking good, we suggest buying the stock for upside potential targets of 1030 and 1130 levels keeping the stop loss of 730.
Disclaimer
The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred to as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.
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