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tradingview.comNOV 33 min read

Diwali stock picks 2026: Angel One's 8 ‘Shagun Ke Shares’ with up to 32% upside; ICICI Bank, Shanti Gold, Northern Arc and more

Angel One has identified eight Indian stocks with up to 32% upside for Diwali 2026, citing earnings growth and attractive valuations. Picks include ICICI Bank (32% upside), Northern Arc (29%), Aarti Pharmalabs (32%), Shanti Gold (30%), Ratnaveer Precision (16%), Engineers India (29%), AGI Infra (29%), and Apollo Micro Systems (15%). The brokerage expects Nifty earnings to rebound 15% in FY27.

Original reporting
tradingview.com
Published Nov 3, 2026, 6:05 AM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Nov 3, 2026, 7:29 AM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
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Diwali stock picks 2026: Angel One's 8 ‘Shagun Ke Shares’ with up to 32% upside; ICICI Bank, Shanti Gold, Northern Arc and more — source image
Source · tradingview.com
Decision brief

The 30-second read

Med
01

Why it matters

The recommendations provide fresh price targets and buy ratings, offering new actionable ideas for traders focusing on Indian equities.

02

Market read

Introduces new analyst targets for several Indian stocks ahead of a high-volume trading session.

03

What to watch

Liquidity constraints and foreign fund outflows could limit price appreciation despite recommendations.

Relevance 5/10Novelty 5/10Timing: pre-Diwali 2026

Background

Angel One released a festive-season stock pick list for Diwali 2026, highlighting eight Indian companies with target price upside estimates.

Market effects

Sector

Analyst picks may boost interest in the highlighted Indian sectors ahead of festive trading.

Regional

Potential uplift for Indian equities during Diwali trading window.

Global

Limited, primarily affects Indian market participants.

Counterpoint

What could challenge this read

Investors may view the high upside targets as overly optimistic given valuation levels.

Key entities

  • Brokerage
    Angel One

    Provides the stock pick recommendations.

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