InCred Equities has recommended five stocks to buy for the long term this Diwali 2025, focusing on opportunities backed by strong fundamentals and positive technical trends. The brokerage suggests a 12-month investment horizon for these picks, which include Apollo Tyres, Canara Bank, NESCO, Sandur Manganese & Iron Ores, and Premier Explosives.
The Indian stock market showed resilience during the Muhurat trading session on 21 October 2025, with both the BSE Sensex and NSE Nifty 50 ending higher. This marked the eighth consecutive Muhurat session to close in the green and the fifth straight day of rally for these benchmark indices.
Apollo Tyres stands out with an upgrade in consensus estimates, expecting a 2-4% rise in consolidated EBITDA and a 3-6% improvement in earnings per share (EPS) for fiscal years 2026 to 2028. These improvements come alongside better debt management and tax benefits. InCred Equities recommends buying Apollo Tyres shares in the range of ₹460-500, targeting a price of ₹580. For Canara Bank, the share price has broken above a decade-long horizontal resistance zone around ₹110-115, which had limited gains since 2011. Technical indicators such as the MACD show a bullish crossover, and the Alligator indicator signals an established upward trend. The brokerage advises buying Canara Bank shares within ₹120-130, aiming for a target price of ₹156. NESCO’s share price forms a multi-year ascending wedge pattern, repeatedly testing and holding its support and resistance levels near ₹1,250. Volume remains steady, supporting the upward trend. The Williams Alligator indicator confirms a strong bullish phase. InCred Equities recommends buying NESCO at ₹1,320-1,360, with a target of ₹1,655. Sandur Manganese & Iron Ores has experienced a decisive breakout above a multi-year wedge resistance after a prolonged consolidation phase. The stock has confirmed support and resistance retests near ₹150. The brokerage suggests buying in the range of ₹205-225, targeting a price of ₹280. Premier Explosives has maintained a strong uptrend within a rising price channel since 2020. The stock recently consolidated and retested the lower channel line, which now acts as support, setting the stage for further gains. InCred Equities advises buying Premier Explosives shares between ₹630 and ₹650, with a target price of ₹780. Investors should consider these recommendations while consulting with financial advisors before making investment decisions, as market conditions can change.
The Diwali stock picks by InCred Equities reflect a balanced approach, combining sectors such as tyres, banking, industrial infrastructure, mining, and explosives, highlighting opportunities across diverse market segments this festive season.
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