- Monarch Networth Capital released 14 stock picks for Diwali Muhurat trading on Nov 8
- Recommendations cover sectors like banking, defence, healthcare, tech, and consumer durables
- Top upside potential stocks include Carborundum Universal and CCL Products at 52% each
With Diwali 2026 around the corner, investors are once again scouting for stocks that could add to their wealth over the next 12 months.
As the market prepares for the start of Samvat 2083, the focus is now shifting to stock ideas that may deliver strong or meaningful returns in the new year.
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Adding to the list of investment ideas, domestic brokerage Monarch Networth Capital has come out with 14 stock recommendations ahead of the Diwali Muhurat trading session, scheduled for Sunday, November 8.
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The brokerage's picks span sectors such as banking, defence, healthcare, technology, capital goods and consumer durables. Among the stocks on its list are Aster DM Healthcare, Bharat Electronics (BEL), Bharti Airtel, Blue Star, Infosys and State Bank of India (SBI).
Monarch Networth Capital's Top 14 Diwali Stock Picks For Samvat 2083
The brokerage has assigned target prices to its recommended stocks, with projected upside potential varying across companies. Carborundum Universal and CCL Products feature among the stocks with the highest indicated upside potential of 52% each, followed by Vedanta Aluminium Metal with 48%.
Here is the complete list of Monarch Networth Capital's 14 stock recommendations, along with their respective sectors, target prices and estimated upside potential.
| Stock | Sector | Target Price (Rs) | Upside (%) |
|---|---|---|---|
| Aster DM | Healthcare | 835 | 23% |
| BEL | Defence | 449 | 21% |
| Bharti Airtel | Telecom | 2,270 | 15% |
| Blue Star | Consumer Durables | 1,911 | 17% |
| Carborundum Universal | Capital Goods | 1,563 | 52% |
| CCL Products | Tea & Coffee | 1,415 | 52% |
| HDFC AMC | Asset Management | 2,680 | 16% |
| Indegene | Technology | 691 | 18% |
| Pricol | Auto Ancillary | 800 | 24% |
| State Bank Of India (SBI) | Banking | 1,265 | 31% |
| TBO Tek | Travel Platforms | 2,043 | 33% |
| Vedanta Aluminium Metal | Metals | 525 | 48% |
| VA Tech Wabag | Water Recycling | 2,235 | 23% |
| Infosys | Information Technology | 1,400-1,550 | Up To 30% |
Source: Monarch Networth Capital
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