DLF, HBL Engineering Lead PL Capital’s Diwali 2026 Picks as 8 of 10 Stocks Gain
- 5th November 2026
- 01:00 AM
- 3 min read
Summary
Eight of the 10 stocks in PL Capital’s Diwali 2026 picks closed above their report prices on 5 November 2026. DLF gained the most, at 11.22%, followed by HBL Engineering at 9.64%. Syrma SGS Technology and TD Power Systems closed below their report prices. The report priced all 10 picks as of 27 October 2026.Mumbai | 5 November 2026
Diwali picks are stocks a brokerage highlights around the festival. PL Capital’s Technical Research Desk chose 10 such stocks using chart signals, in a report by Vaishali Parekh, Vice President, Technical Research.
By the close on 5 November 2026, eight of the 10 stood above their report prices.
How Have the Diwali Picks Performed So Far?
Eight picks closed above their report prices on 5 November 2026. DLF led at 11.22%, followed by HBL Engineering at 9.64% and Jindal Steel at 9.51%. TD Power Systems ended 5.08% below its report price after an 8.13% fall on the day.
| Stock | Report price (₹) | Close on 5 Nov 2026 (₹) | Change (%) |
| DLF | 670 | 745.20 | 11.22 |
| HBL Engineering | 780 | 855.20 | 9.64 |
| Jindal Steel | 1,050 | 1,149.90 | 9.51 |
| Marine Electricals | 414 | 442.45 | 6.87 |
| Apollo Hospitals | 7,900 | 8,371.00 | 5.96 |
| GE Vernova T&D India | 3,970 | 4,145.00 | 4.41 |
| Shilpa Medicare | 907 | 921.80 | 1.63 |
| TARIL | 315 | 315.60 | 0.19 |
| Syrma SGS Technology | 1,525 | 1,515.00 | -0.66 |
| TD Power Systems | 705 | 669.20 | -5.08 |
Past performance does not guarantee future returns.
What Chart Signals Did the Desk Use?
The desk looked for stocks that had found support after a fall or were holding an uptrend. A support level is a price where buying has stopped a fall before. The desk also tracked moving averages, which smooth out daily price swings.
The picks fall into three groups:
- Recovery from a recent low: Apollo Hospitals, GE Vernova T&D India and Jindal Steel.
- Uptrend with higher lows, where each dip stops above the last one: Marine Electricals, Shilpa Medicare, Syrma SGS Technology and TD Power Systems.
- Holding above key moving averages: DLF, HBL Engineering and Transformers and Rectifiers (India) Ltd (TARIL).
What Does the RSI Show for These Stocks?
The Relative Strength Index (RSI) measures the speed of a stock’s recent price moves and shows whether it looks oversold or overbought. For Apollo Hospitals, GE Vernova T&D India, Jindal Steel, Shilpa Medicare and TD Power Systems, the desk noted the RSI near the oversold zone with signs of a turn upward.
For Marine Electricals and TARIL, the RSI had cooled from the overbought zone. The desk described the RSI for DLF, HBL Engineering and Syrma SGS Technology as well placed.
Outlook
The desk said the charts of all 10 stocks pointed to a possible further rise. Chart patterns reflect past price behaviour and do not guarantee future moves.
Read the full report on Diwali Picks 2026: Diwali Picks 2026 – PL Capital
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