As India's biggest festival Diwali begins on Sunday, here are stocks that you could buy this festive season.

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According to BP Wealth's latest research report, here's the list of top nine stocks:

1. EID-Parry (India)

BP Wealth has recommended to buy EID-Parry's stock at a target price of Rs 335. 

"With the sugar business improving and CIL continuing good performance the profit of EID-Parry are expected to increase sharply. We give 'Buy' rating and value this company based on SOTP valuation and arrive at target price of Rs 335," BP Wealth said in its latest research note.

2. Equitas Holdings  

BP Wealth has recommended to buy Equitas Holdings' stock at a target price of Rs 227.

"Equitas is one of the most diversified small finance banks (SFBs), with a presence in the microfinance institution (MFI) business (50% of AUM), Used Commercial Vehicles finance (25%), MSE finance (20%) and Housing finance (5%)," cited BP Wealth in a report.

Equitas will trade at premium valuation, led by its niche business model, earnings/asset growth visibility, reduced liquidity risk, and diversified asset mix, with a strong focus on risk management, it further added. 

3. Great Eastern Shipping Company  

BP Wealth has recommended to buy Great Eastern Shipping Company's stock at a target price of Rs 463. 

BP Wealth said, "At the CMP of 374 the company trades at P/E of 6x for FY16 earnings and dividend yield of 3% which we believe is at significant discount for company like Great Eastern Shipping (GE shipping) with strong track record of last 30 years (never posted loss)." 

With above mentioned factors GE shipping is expected to show considerable revenue growth and with favourable operating leverage going forward profits will show improvement, it added. 

4. HCL Technologies  

BP Wealth has recommended to buy HCL Technologies' stock at a target price of Rs 969. 

"HCL presently trades at 12.4 times its FY18E earnings which is discount to large peers even when company has more presence in segments which are more resilient in current environment and HCL having better return ratios," cited BP Wealth in a report. 

"We estimate earnings to grow 8% CAGR for FY15-18E mainly driven by IMS division and value the stock 16 times FY18 estimated EPS of Rs 66.2 and arrive at target price of Rs 969," it further added. 

5. Indian Oil Corporation (IOC)

BP Wealth has recommended to buy Indian Oil Corporation's (IOC) stock at a target price of Rs 400. 

"Currently, IOC is trading at 4.1 times to its FY18 estimated earnings.Going forward, we expect a lower interest cost and a higher auto fuel marketing margins to improve the profitability of the company," BP Wealth said.

Also, we believe that the company can post high growth in volumes on the back of expected gross domestic product (GDP) boost and an improving balance sheet with increase in cash flows, it added. 

6. Lupin  

BP Wealth has recommended to buy Lupin's stock at a target price of Rs 1,972. 

According to BP Wealth, with 45 FTF products including 25 exclusive FTF opportunities Lupin has one of the strongest ANDA pipelines among peers.

"We remain confident on Lupin’s ability to generate superior returns, sustain robust revenue growth over FY16-18E on account of a high quality and strong US pipeline through Gavis acquisition," BP Wealth said. 

7.Super Spinning Mills 

BP Wealth has recommended to buy Super Spinning Mills' stock at a target price of Rs 28. 

"Volatility in cotton prices is key risk for the company. Company derives approximately 20% of its sales from exports. We have positive outlook for the company with expected improvement in profitability in coming years, with the spurt in domestic as well as international cotton prices," BP Wealth said in a report. 

8. Tata Motors DVR

BP Wealth has recommended to buy Tata Motors DVR's stock at a target price of Rs 455. 

BP Wealth said in its recent report, "We remain positive on sustained earnings growth for the Jaguar Land Rover (JLR) business as the product pipeline grows and the market share increases across geographies."

"We give a 'Buy' rating on the stock by assigning P/E multiple of 10x to arrive at a target price of Rs 700 per share on Tata Motors ordinary share and Tata Motors DVR at Rs 455 per share (35% discount to ordinary shares)," it added. 
 
9.Trident 

BP Wealth has recommended to buy Trident's stock at a target price of Rs 75. 

"The company presently trades at 8.3 times to its FY18 earnings per share (EPS) which is at discount compared to its peers. We expect the sales to improve further on demand from existing and new markets and margins to improve due to increase in value added products and benefit in operating leverage," cited BP Wealth.