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Diwali Stock Picks 2026: Adani Power, MCX, Azad Engineering, HUL, Paytm among 41 stocks for Muhurat Trading with up to 109% upside

6 นาทีในการอ่าน

As Dalal Street investors are all set for the traditional Muhurat Trading session today as they welcome Samvat 2028, several brokerages and research firms have released their Diwali recommendations, identifying investment opportunities across sectors such as banking, automobiles, pharmaceuticals, IT, power, capital markets, infrastructure, consumer goods and manufacturing.

Research firms, including Nirmal Bang Institutional Equities, IDBI Capital, Ashika and Samco Wealth, have picked 41 unique stocks, along with two US-listed exchange-traded funds (ETFs), for investors to consider during the new Samvat year.

Samco Securities has unveiled a basket of 12 investment ideas for Samvat 2083, spanning key domestic sectors and international exchange-traded funds (ETFs).

Diwali stock picks 2026 by brokerages

Nirmal Bang’s Diwali stock picks 2026

Nirmal Bang Institutional Equities Research has prepared a basket of 24 stocks, 16 technical and 8 fundamental across sectors, with projected upside potential of up to 103 percent.

Technical Diwali Stock Picks 2026 by Nirmal Bang Institutional Equities Research

1) Mahindra & Mahindra: CMP: Rs 2,869 | Target Price: Rs4,381 | Upside: 51% | Rating: Buy2) Hyundai Motor India: CMP Rs 2,030 | Target Price: Rs 2,448 | Upside: 21% | Rating: Buy3) Cipla: CMP: Rs 1,397 | Target Price: Rs 1,801 | Upside: 29% | Rating: Buy4) ICICI Life Insurance Company: CMP: Rs 410 | Target Price: Rs660 | Upside: 61% | Rating: Buy5) Sterlite Technologies: CMP: Rs 760 | Target Price: Rs 1,544 | Upside: 103% | Rating: Buy6) Jyoti CnC: CMP: Rs 967 | Target Price: Rs 1,226 | Upside: 27% | Rating: Buy7) Eris Lifesciences: CMP: Rs 1,178 | Target Price: Rs 1,709 | Upside: 45% | Rating: Buy8) PVR INOX: CMP: Rs 1,525 | Target Price: Rs 1,750 | Upside: 15% | Rating: Buy9) South Indian Bank: CMP: Rs 54 | Target Price: Rs 68 | Upside: 25% | Rating: Buy10) CCL Products: CMP: Rs 945 | Taregt Price: Rs 1,400 | Upside: 48% | Rating: Buy11) Nuvoco Vistas Corporation: CMP: Rs 337 | Target Price: Rs 427 | Upside: 27% | Rating: Buy12) Wework India Management: CMP: Rs 666 | Target Price: Rs 983 | Upside: 48% | Rating: Buy13) Galaxy Surfactants: CMP: Rs 2,247 | Target Price: Rs 3,200 | Upside: 42% | Rating: Buy14) DCB Bank: CMP: Rs186 | Target Price: Rs 265 | Upside: 42% | Rating: Buy15) Orient Electric: CMP: Rs 184 | Target Price: Rs 258 | Upside: 40% | Rating: Buy16) Mold-Tek Packaging: CMP: Rs 316 | Target Price: Rs 480 | Upside: 52% | Rating: Buy

Diwali Stock Picks 2026: Nirmal Bang’s Fundamental Picks for Diwali 2026

Apart from its technical recommendations, Nirmal Bang has identified eight stocks for investors based on their fundamental prospects.

1) Axis Bank: CMP Rs 1,214 | Target Price Rs 1,547 | Upside 27%2) Eternal: CMP Rs 344 | Target Price Rs 420 | Upside 22%3) One 97 Communication (Paytm): CMP Rs 1,634 | Target Price Rs 2,010 | Upside 23%4) Prince Pipes: CMP Rs 256 | Target Price Rs 387 | Upside 51%5) Rentomojo: CMP Rs 541 | Target Price Rs 785 | Upside 45%6) SG Finserve: CMP Rs 687 | Target Price Rs 916 | Upside 33%7) Tata Consumer Products: CMP Rs 1,025 | Target Price Rs 1,227 | Upside 20%8) Ultratech Cement: CMP Rs 11,050 | Target Price Rs 14,185 | Upside 28%

IDBI Capital’s Diwali Stock Picks 2026 – By Technical Desk

IDBI Capital's technical research desk has recommended five stocks for Samvat 2083, with potential upside ranging from 16 percent to 21 percent.

1) Tech Mahindra: CMP: Rs 1791 | Buying Range: Rs 1780- 1810 | Target Price: 2170 | Upside: 21%2) Dr. Reddy's Laboratories: CMP: Rs 1352 | Buying Range: Rs 1350-1370 | Target Price: Rs 1620 | Upside: 19%3) Kotak Mahindra Bank: CMP Rs 462 | Buying Range: Rs 450-460 | Target Price: Rs 540 | Upside: 19%4) TVS Motor Company: CMP: Rs 4195 | Buying Range: Rs 4150-4250 | Target Price: Rs 5000 | Upside: 19%5) The Indian Hotels Company: CMP: Rs 812 | Buying Range: Rs 800-820 | Target Price: Rs 940 | Upside 16%

Diwali Muhurat Picks by Ashika

Ashika has recommended six stocks for Muhurat Trading 2026, identifying opportunities across banking, FMCG, consumer goods, power and housing finance. Its recommendations include HDFC Bank, Hindustan Unilever, Axis Bank, Tata Consumer Products, Godawari Power & Ispat and Aptus Value Housing Finance India.

1) HDFC Bank: Target Price Rs 785 | Upside 13.28%2) Hindustan Unilever (HUL): Target Price 2120 | Upsde 14.47%3) Axis Bank: Target Price Rs 1395 | Upside 14.63%4) Tata Consumer Products: Target Price Rs 1180 | Upside 15.12%5) Godawari Power & Ispat: Target Price Rs 230 | Upside 19.17%6) Aptus Value Housing Finance India: Target Price Rs 230 | Upside 20.42%

Samco Wealth’s Muhurat Trading Picks for Samvat 2083

Samco Wealth has recommended 10 Indian stocks and two US-listed ETFs for Samvat 2083, with holding periods ranging from three months to the long term.

According to Samco, Samvat 2082 will be remembered as the year Indian equities stood still while the rest of the world moved. “The Nifty began the year at 25,869 on Muhurat 2025 and ended it at 23,053 on 30 October 2026, a fall of 10.9%. The Sensex lost 11.8%. FMCG (-23%) and IT (-8%) were among the laggards, while pharma (+20%) and metals (+15%) were the only large sectors to deliver double digit gains,” it said.

The brokerage highlighted the importance of diversification, pointing to the contrasting performance of global markets and Indian equities. It said its Samvat 2083 portfolio was designed to offer exposure to different sectors while also hedging against risks arising from higher crude oil prices and rupee depreciation.

The lesson of the year is simple: concentration hurts, diversification protects. That is the theme of this Muhurat, said the brokerage.

For Samvat 2083, the Samco has handpicked twelve ideas from across categories. Ten are Indian stocks spread across power, capital-market infrastructure, IT services, aerospace and defence engineering, data-centre and telecom equipment, music and automobiles. Two are US ETFs that hedge the basket against the two biggest risks the brokerage sees - rising oil prices and a weaker rupee. Holding periods range from three months to the long term.

Bluechips to Buy for a year

1) Adani Power: Holding Period: 1 Year | CMP Rs 189 | Buying Range Rs 186-192 | Stoploss Rs 162.70 | Target Price Rs 318.85 | Upside 69%2) BSE: Holding Period: 1 Year | CMP Rs 3,510| Buying Range Rs 3,455-3,565| Stoploss Rs 2,810 | Target Price Rs 5,441 | Upside 55%3) Tech Mahindra: Holding Period: 1 Year | CMP Rs 1,791| Buying Range Rs 1,760 -1,820| Stoploss Rs 1,493 | Target Price Rs 2,905 | Upside 62%

Mid - Small Caps for a Year

1) Azad Engineering: Holding Period: 1 Year | CMP Rs 2,445 | Buying Range Rs 2,405-2,485 | Stoploss Rs 2,222 | Target Price Rs 5,108 | Upside 109%2) HFCL: Holding Period: 1 Year | CMP Rs 231.29 | Buying Range Rs 227-235 | Stoploss Rs 180.25 | Target Price Rs 381.10 | Upside 65%3) Tips Music: Holding Period: 1 Year | CMP Rs 782.05 | Buying Range Rs 770-794 | Stoploss Rs 616 | Target Price Rs 1,050 | Upside 34%

Stock to buy for 6 months

1) L&T Technology Services: Holding Period: 6 Months | CMP Rs 4,280 | Buying Range Rs 4,215-4,345 | Stoploss Rs 3,309 | Target Price Rs 6,013 | Upside 41%2) TVS Motor Company: Holding Period: 6 Months | CMP Rs 4,195 | Buying Range Rs 4,130-4,260 | Stoploss Rs 3,600 | Target Price Rs 5,411 | Upside 29%

Mid/Small caps to buy for 3 months

1) MCX: Holding Period: 3 months | CMP Rs 3,189 | Buying Range Rs 3,140-3,240 | Stoploss Rs 2,750 | Target Price Rs 3,836 | Upside 20%2) Sansera Engineering: Holding Period: 3 Months | CMP Rs 4,112 | Buying Range Rs 4,045-4,175 | Stoploss Rs 3,559 | Target Price Rs 4,966 | Upside 21%

US ETFs for Long Term

Energy Select Sector SPDR: Holding Period: Long Term | CMP $70.02 | Buying Range $68.5-71.5 | Stoploss $49.75 | Target Price $102.70 | Upside 47%Health Care Select Sector SPDR: Holding Period: Long Term | CMP $184.87 | Buying Range $182.0-188.0 | Stoploss $133.50 | Target Price $295.95 | Upside 60%

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