Diwali dhamaka stocks: Eternal, ICICI Bank, among 10 with upside of up to 34%
JM Financial rate 10 stocks, including ICICI Bank, JM Financial and Bharat Electronics.
· Economic Times Markets, ET Stocks
As the cautious journey of Samvat 2083 unfolds against a backdrop of external challenges, JM Financial unveils ten promising stocks for Diwali investment. ICICI Bank stands out for anticipated returns and robust loan growth. Bharat Electronics and Eternal are recognized for their strategic sector positions and remarkable growth prospects.
The analysis
Where the names start from: ICICI Bank is at its 52-week high, +7.8% over three months; Bharat Electronics is 16% below its 52-week high, -0.8% over three months; JM Financial is 31% below its 52-week high, -14.2% over three months. A rating is set against the price on the day the note is written, so how far a stock has already run is the part of the case the headline upside leaves out.
Market context
- Brokerage calls from JM Financial, with ratings on 10 stocks. Of these, the 3 we track are below: ICICI Bank, JM Financial and Bharat Electronics.
- On the day, 3 of 3 are higher: ICICI Bank leads at +4.8% and Bharat Electronics trails at +0.2%.
- Over three months: ICICI Bank +7.8% against Banks -2.8% (10.6 points ahead); JM Financial -14.2% against Capital Markets +1.5% (15.7 points behind); Bharat Electronics -0.8% against Defence & Aerospace -5.5% (4.7 points ahead).
- At least 25% below the 52-week high: JM Financial (31%).
- Trading well above normal today: ICICI Bank at 2.7 times its 20-day average volume and JM Financial at 2.0 times its 20-day average volume.
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| ICICI BankICICIBANK · Banks | ₹1,571.20 | +4.8% | +17.0% | +7.8% | 0.0% | 2.7× | — |
| JM FinancialJMFINANCIL · Capital Markets | ₹111.42 | +2.4% | -10.2% | -14.2% | -31.2% | 2.0× | — |
| Bharat ElectronicsBEL · Defence & Aerospace | ₹396.00 | +0.2% | +2.2% | -0.8% | -15.5% | 0.8× | — |
Banks
1M +2.0% · 3M -2.8%
ICICI Bank
Capital Markets
1M +3.1% · 3M +1.5%
JM Financial
Defence & Aerospace
1M -6.0% · 3M -5.5%
Bharat Electronics
Financial Services
1M -0.2% · 3M -10.2%
Prices as of 6 Nov 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
In this story
Related coverage
Gold ETFs performance on Dhanteras 2026 today 6 Nov 2026: Check how Nippon India, Tata Gold, ICICI Prudential fared
Bharat Electronics among 5 stocks showing White Marubozu pattern
US Midterm Election results lift banking, financial stocks - SBI Cards, Bajaj Finance, Axis, ICICI Bank surge up to 6%
ICICI Bank extends rally, soars 10% in 4 days; market cap nears ₹11 trn
Top stocks to watch today: BSE, Nykaa, NSE, SBI, IEX shares in focus on Wednesday, 4 Nov | Full list