MARKET MOVES

Hunting for Diwali winners? 8 brokerages name 58 stocks with big upside potential; Eternal, L&T among top picks

2026-11-03·Economic Times·Impact 3/5 · Notable

MeridStreet AI summary

Eight brokerages have identified 58 stocks with potential for significant growth, naming them as part of their Diwali 2026 portfolios. These stocks span various sectors, including banking, IT, defence, automobiles, and hospitality. The most popular picks among these stocks are Eternal, L&T, and Indian Hotels, which have been recommended by four brokerages each.

Source reporting

Read the source report: Economic Times →

MeridStreet analysis

Why it matters

Eight brokerages have shortlisted 58 stocks for their Diwali 2026 portfolios, indicating a positive outlook for the Indian stock market. This could lead to increased investor confidence and buying activity, driving up stock prices.

Market impact

Impact score

3 / 5

Market signal

Positive / risk-on

Markets & countries in focus

India

Transmission channels

Brokerages recommend stocks→Investor confidence rises→Buying activity increases→Stock prices rise→Market sentiment improves

Likely winners & losers

Winners

Indian equities
IT stocks
Defence stocks

Under pressure

Safe-haven assets

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MeridStreet does not reproduce source articles. The summary and analysis above are generated by MeridStreet from public headlines and its own market model; the original reporting belongs to Economic Times. For information only — not financial advice.