Brokerages recommended 30 stocks for Samvat 2083 as the market prepares for Diwali. Firms like JM Financial and Bonanza Portfolio highlighted shares including Reliance Industries, ICICI Bank, and Tata Steel. Analysts said these picks could see up to 38% upside, driven by strong corporate earnings and rising infrastructure spending across sectors.
With Diwali around the corner and Indian stock market preparing to enter Samvat 2083, brokerages have recommended several stocks, identifying opportunities across sectors, including banking, IT, defence, pharmaceuticals, FMCG, telecommunications, steel, defence and engineering. Brokerages, including JM Financial, Bonanza Portfolio, Kotak Neo and Bajaj Broking Research have highlighted stocks that could benefit from improving corporate earnings, capacity expansion, infrastructure spending, rising consumption and stronger operational performance. The stock recommendations for Muhurat Trading span both fundamental and technical investment strategies, with some stocks offering potential upside of up to 38 percent.
Diwali Stock Picks 2026 By Brokerages Diwali stock picks 2026 by JM Financial Domestic brokerage JM Financial's Diwali recommendations cover 10 stocks across sectors, including banking, defence, power transmission, telecom equipment, metals recycling, pharmaceuticals, new-age businesses, telecommunications, capital goods and steel. ICICI Bank: CMP - Rs 1,374 | Target Price Rs 1,710 | Upside 24% Bharat Electronics Ltd (BEL): CMP - Rs 364 | Target Price Rs 485 | Upside 33% Power Grid: CMP - Rs 251 | Target Price Rs 290 | Upside 15% Sterlite Technologies: CMP - Rs 879 | Target Price Rs 1,020 | Upside 16% Gravita: CMP - Rs 1,343 | Target Price Rs 1,800 | Upside 34% Emcure Pharmaceuticals: CMP - Rs 1,873 | Target Price Rs 2,362 | Upside 26% Eternal: CMP - Rs 327 | Target Price Rs 400 | Upside 22% Bharti Airtel: CMP - Rs 1,950 | Target Price Rs 2,400 | Upside 23% Larsen & Toubro (L&T): CMP - Rs 3,805 | Target Price Rs 4,615 | Upside 21% Tata Steel: CMP - Rs 169 | Target Price Rs 195 | Upside 15% Diwali stock picks 2026 by Bonanza Portfolio With Diwali around the corner, Bonanza Portfolio has also released its Diwali Stock Picks for Samvat 2083, featuring seven stocks across sectors such as IT, banking, pharma, FMCG, steel and engineering.
The research note identified potential upside of 18 percent to 38 percent across its picks, including Tata Elxsi, IDFC First Bank, Gland Pharma, Marico, Sambhv Steel Tubes, HBL Engineering and Privi Speciality Chemicals. Tata Elxsi: Current Market Price - 3,790 | Target Price - 5,226 | Upside - 38% IDFC First Bank: CMP - Rs 72 | Target Price - Rs 92.8 | Upside - 29% Gland Pharma: CMP- Rs 3,096 | Target Price - Rs 3,690 | Upside - 19% Marico: CMP -Rs 800 | Target Price - Rs 940 | Upside - 18% Sambhv Steel Tubes: CMP - Rs 152 | Target Price - Rs 205 | Upside - 35% HBL Engineering: CMP - Rs 796 | Target Price - Rs 968 | Upside - 22% Privi Speciality Chemicals: CMP- 3,218 | Target Price - 4,239 | Upside 32% Kotak Neo's technical stock picks for Muhurat Trading for Samvat 2083 Kotak Neo's technical recommendations focus on stocks that have corrected from recent highs but are showing signs of recovery or trading near crucial support levels.
The brokerage's picks include Bajaj Finance, ICICI Bank, JSW Steel, Bharat Electronics and Reliance Industries. Bajaj Finance: BUY | Target Price Rs 1,200 | Stop loss Rs 770 ICICI Bank: BUY | Target Price Rs 1,800 | Stop loss Rs 1,200 JSW Steel: BUY | Target Price 1,475 | Stop loss Rs 1,150 Bharat Electronics (BEL): BUY | Target Price 410 | Stop loss Rs 340 Bajaj Broking Research's nine Diwali stock picks With the onset of the festive season, Bajaj Broking Research has identified its Diwali Stock Picks 2026, identifying nine stocks across key sectors that offers potential investment opportunities over a one-year investment horizon, extending until the next Diwali.
The stock recommendations are based on a combination of fundamental and technical analysis. The research highlights companies demonstrating strong business fundamentals, earnings growth visibility, improving operational performance, robust order books and favourable technical indicators. The nine stocks identified by Bajaj Broking Research, along with their recommended entry ranges and target prices, are as follows: Fundamental Picks: Mahindra & Mahindra Ltd: Target Price Rs 3,251, upside 13% Varun Beverages: Target Price Rs 459, upside 15% CG Power & Industrial Solutions: Target Price Rs 938, upside 16% GE Vernova T&D India: Target Price Rs 4,545, upside 10% Sudarshan Chemical Industries: Target Price 1,144, upside 12% Rolex Rings: Target Price Rs 185, upside 12% Technical Picks: ICICI Bank: Target Price Rs 1,570, upside 12% Adani Power: Target Price Rs 223, upside 16% Lloyds Engineering Works: Target Price Rs 99, upside 19% Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management.
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