Purbalee Dutta 
PL Capital anticipates an upside potential of 20% to 50% in eight stocks ahead of the Diwali Muhurat trading for Samvat 2082. The selected stocks—Anant Raj, HBL Engineering, Hindustan Copper, Swiggy, TVS Motor, Va Tech Wabag, Hi-Tech Pipes, and V-Mart Retail—show strong technical indicators, rising momentum, and improving RSI trends. PL Capital believes these shares are well-positioned to continue their upward trajectory as the new Samvat year begins.
Anant Raj has seen a sharp rise supported by heavy volumes and steady consolidation, with an RSI indicating further strength. The target price is ₹1,100, reflecting a 58% gain, with support at ₹645. HBL Engineering, after a brief correction, is regaining momentum near the upper channel line, with RSI turning positive, targeting ₹1,250 (43% upside) and support at ₹780. Swiggy is stabilizing near its 50-day EMA at ₹418, signaling a possible trend reversal; it could reach ₹580 (36% gain), with support at ₹370.
Hi-Tech Pipes shows renewed momentum and rising volumes, aiming for ₹165 (38% upside) with support at ₹106. V-Mart Retail displays a bullish flag pattern, with potential to rally to ₹1,130 (35% gain), supported near ₹730.
About The Author
