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Diwali Stock Picks: Mitessh Thakkar expects these stocks to surge up to 30%On a year-to-date basis shares of Torrent Power have underperformed, declining 11% so far. Mitessh Thakkar projects a potential upside of nearly 30% for his stock picks for the next 12 months.By Hormaz Fatakia   October 21, 2025, 3:20:08 PM IST (Published)2 Min ReadChoose  CNBC TV18 on Google

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Bonanza Portfolio's Mitessh Thakkar has picked out two names on the charts that look good for potential upside going into the new Samvat. The names, DCB Bank and Torrent Power can see upside of up to 30%.

Here's what he had to say:

On DCB Bank

DCB Bank is one stock where the long-term charts have turned extremely positive. So, take a slightly deeper stop about ₹143 - ₹142 which is roughly about 17% from here, the way the stock price is broken out of the recent monthly highs, I think good chance that we are looking at ₹200 kind of targets. Good risk reward equation – 12-13, point, kind of a risk against a 50 odd point kind of a profit possibly over the next few months. So that's very positive for me.

Shares of DCB Bank surged 15% on Monday in response to its quarterly results that were reported after market hours on Friday.

The stock added to those gains on Tuesday, ending another 9% higher during the Mahurat trading session.

On Torrent Power

The other stock, which I like, and which can be good from a trading point of view as well. And disclaimer that we have some positions, it's Torrent Power. That's something which the long-term charts are pretty good, and the short-term charts also now turning on the upside. My sense is that the stock in the medium term, I would look at a target of around ₹1,550 but then in longer term, possibly beyond ₹1,700 but in the short term as well, as long as the stock is above ₹1,280, good chance that we could see a first rally to about ₹1,370 and in a good case, ₹1,450 - ₹1,460 on the upside.

Shares of Torrent Power have gained in five out of the last seven trading sessions.

On a year-to-date basis though, the stock has been an underperformer in 2025 so far, declining 11%.Continue ReadingNote To ReadersDisclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsDCB BankDCB Bank share priceDiwali Stock Picksmitesh thakkarshare market todayTop stock picksTorrent Power