Diwali Stock Picks 2025: This Diwali, Don’t Just Buy Gold — Buy These 5 ‘Golden’ Stocks Instead

Gold's record high of $4,059 (around Rs 12,50,800) highlights the commodity's supremacy as a safe haven as concerns about the U.S. government shutdown and its implications on economic growth grow. Investor mood is still positive ahead of Diwali and Dhanteras, with predictions that gold would continue to be fueled by U.S. rate cuts, a weaker dollar, and ongoing geopolitical worries.

Festive and wedding demand in India will undoubtedly provide new buying opportunities for gold investors; however, in addition to gold, Mehta Equities Ltd. technical analyst Riyank Arora recommended investors buy the top five stocks, ranging from SBI to M&M, in order to diversify their portfolio.

These five Diwali stock picks for 2025 were disclosed by Riyank Arora amid easing geopolitical tensions in the Middle East, ongoing trade talks between the US and India, foreign institutional investors (FIIs) who were net buyers in the last week, and the packed Q2FY26 results calendar.

Bharti Airtel

CMP: Rs 1939 | SL: Rs 1800 | Target: Rs 2600 | Buying Zone: Rs 1900-1970

Bharti Airtel maintains strong upward momentum, supported by an RSI of 60 and a positive MACD crossover. The stock is consolidating above the ₹1900-1970 demand zone, signaling healthy accumulation. A sustained move beyond recent highs could push it toward ₹2600, while ₹1900 serves as a key support and ideal re-entry zone on dips.

State Bank of India

CMP: Rs 880 | SL: Rs 750 | Target: Rs 1200 | Buying Zone: Rs 820-880

SBI continues to hold firm above its accumulation base between ₹820-880. With RSI at 58, the stock reflects steady bullish momentum. Staying above crucial moving averages enhances the likelihood of a breakout toward ₹1200. A decisive move past ₹880 can confirm the uptrend, while ₹820 remains a strong support level for fresh accumulation.

Mahindra & Mahindra Ltd

CMP: Rs 3454 | SL: Rs 3100 | Target: Rs 4500 | Buying Zone: Rs 3350-3480

M&M is trading close to its support and buying zone of ₹3350-3480. The RSI at 47 and MACD nearing a positive crossover suggest a possible trend reversal. Sustained strength above ₹3350 can open the path toward ₹4500. The lower boundary of the zone offers a favorable entry point, making it suitable for medium-term investors watching for renewed momentum.

Hindalco Industries Ltd

CMP: Rs 773 | SL: Rs 690 | Target: Rs 1050 | Buying Zone: Rs 750-782

Hindalco exhibits robust bullish undertones with RSI at 66, confirming strong momentum. The price action above ₹750-782 supports continued upside potential. Any dip toward ₹750 can be viewed as a buying opportunity. Sustained moves beyond ₹782 could accelerate gains toward ₹1050, backed by solid trend alignment across key moving averages.

Zydus Lifesciences Ltd

CMP: Rs 993 | SL: Rs 870 | Target: Rs 1350 | Buying Zone: Rs 960-1000

Zydus is forming a base within ₹960-1000, hinting at accumulation. With RSI at 44 and MACD on the verge of a bullish crossover, a reversal may be brewing. Holding above ₹960 can trigger an upmove toward ₹1350. Dips near the lower end of the buying range offer a good risk-reward entry, with a breakout above ₹1000 strengthening the bullish setup.

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