Diwali 2025 Stock Picks: 5 Stocks That Could Deliver 20–30% Gains In 12 Months

InCred Equities has unveiled its much-anticipated Diwali Picks 2025, a carefully chosen collection of high-conviction stock picks that combine solid fundamentals with favorable technical setups, as the festive season brings optimism to markets. Five stocks—Apollo Tyres, Canara Bank, NESCO, Sandur Manganese & Iron Ores, and Premier Explosives—are highlighted in the research as having potential returns of 20-30% over the course of a year.

Apollo Tyres

BUY Range (INR): 460-500, Target Price (INR): 580, Upside: 20%

• The chart depicts a well-defined ascending channel over more than a decade, with price respecting both upper resistance and lower support multiple times (100-400 zone).
• Recently, the price is consolidating within a symmetrical triangle near the upper boundary of the channel suggesting a strong upmove can be possible on confirmation of breakout.
• Williams Alligator indicator is triggering a buy signal on monthly charts which augment the momentum in the coming months.

Canara Bank

BUY Range (INR): 120-130, Target Price (INR): 156, Upside: 25%

• The price has convincingly broken above a decade-long horizontal resistance zone around 110-115, which had repeatedly capped rallies since 2011.
• After this breakout, the stock has perfectly retested the former resistance as support, validating the breakout and providing a textbook entry opportunity for trend followers.
• MACD has just displayed a fresh bullish crossover and histogram is also turning positive pointing to a renewal of upward momentum and trend acceleration.
• All three Alligator lines are open and fanned upwards, indicative of an "eating" phase-signaling an established, strong trend.

NESCO

BUY Range (INR): 1320-1360, Target Price (INR): 1655, Upside: 23%

• Price action shows a multi-year ascending wedge with multiple successful tests of both the upper resistance and lower support levels with the most recent retest seen at 1250 levels.
• Volume remains steady through the rally, supporting positive participation. The absence of distribution on volume drops signals retention of demand at higher levels and minimization of selling pressure, favorable for continued price advance.
• The RSI remains above bullish support zones and shows an upward slope, further strengthening the bullish momentum for potential follow-through price action.
• The Williams Alligator remains widely fanned and fully aligned upward, signaling a clear "eating phase"-confirmation of a prevailing strong trend at higher timeframes.

Sandur Manganese & Iron Ores

BUY Range (INR): 205-225, Target: 280, Upside: 30%

• Price has decisively broken above multi-year wedge resistance, marking a major bullish breakout after a prolonged consolidation, with retest confirmations at previous support and resistance points at 150 levels.
• The Donchian Channel is expanding upward, confirming volatility is favoring the bulls and supporting sustained trend development at higher levels. All Williams Alligator lines are spread wide and aligned upward, confirming the "eating phase" -a textbook sign of a strongly trending market.
• There is a clear expansion in volume, especially alongside the breakout, signaling robust market participation and institutional conviction behind the rally.
• MACD has flashed a fresh bullish crossover with both MACD and signal lines above zero, indicating renewed and strengthening upside momentum.

Premier Explosives

BUY Range (INR): 630-650, Target Price (INR): 780, Upside: 22%

• The price has maintained a strong uptrend within a rising channel, pushing toward the upper boundary with clear higher highs and higher lows since its recovery in 2020.
• Recent candles show consolidation followed by a breakout retest at the lower channel line, which now acts as support-classic bullish behavior that sets the stage for continued upside.
• Volume has expanded significantly during breakout attempts and key uptrend candles, with recent bars showing sustained participation-these volume bursts confirm both institutional interest and the robustness of the upward move.
• The RSI has witnessed a hidden bullish divergence which along with a bullish macd crossover confirms trend momentum and projects bullish continuity in the near term.
• All Williams Alligator lines are open and aligned upward, underscoring the "eating phase"-a classic indication that a strong trend is live and should be ridden for the medium term.

Disclaimer

The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred to as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.