Diwali 2026 Stock Picks: As the Indian stock market prepares for the special Muhurat Trading session on Sunday, November 8, marking the beginning of Samvat 2083, nine leading brokerage houses have unveiled
their preferred stock picks for the new Hindu financial year. The recommendations span banking, pharmaceuticals, automobiles, infrastructure, capital goods, energy, technology and consumer-facing businesses.
The nine brokerages — Motilal Oswal Financial Services, SMC Global, JM Financial, 5paisa, Mirae Asset Sharekhan, SBI Securities, PL Capital, Nirmal Bang and Arihant Capital — have collectively named 100 stocks for Samvat 2083.
The list includes several well-known names such as ICICI Bank, Kotak Mahindra Bank, Reliance Industries, Bharti Airtel, Titan Company, Larsen & Toubro, Eternal, Tata Steel and UltraTech Cement. It also features relatively less widely followed companies, including Unimech Aerospace, Shaily Engineering, Marine Electricals, Jyoti CNC Automation and Vindhya Telelinks.
The recommendations offer investors a cross-section of sectors and business themes to watch as the new Samvat begins.
Muhurat Trading 2026: When will the special trading session take place?
The stock exchanges will conduct the annual Muhurat Trading session on Sunday, November 8, 2026, coinciding with Diwali Laxmi Pujan and marking the beginning of Samvat 2083.
The special equity market session is scheduled from 2:20 pm to 3:30 pm, following the pre-open session beginning at 2:05 pm.
Muhurat Trading is a special one-hour trading session traditionally considered auspicious by investors and traders to begin the new Hindu financial year. Many investors use the occasion to make symbolic purchases or start fresh investments.
Diwali Stock Picks 2026: Brokerage-wise list of 100 stocks for Samvat 2083
Here is the complete list of stocks recommended by the nine brokerage houses for the new Samvat.
1. Motilal Oswal Financial Services: 10 stock picks
Motilal Oswal’s list features banking, ports, jewellery, capital markets, automobiles and emerging manufacturing businesses.
- Kotak Mahindra Bank
- Adani Ports
- Titan Company
- Eternal
- BSE
- SPR Auto Technologies
- Shaily Engineering
- Arvind
- Unimech Aerospace
- Symbiotec Pharmalab
2. SMC Global: 10 stock picks
SMC Global’s recommendations cover pharmaceuticals, banking, power, metals, automobiles and healthcare services.
- Mankind Pharma
- IPCA Laboratories
- ICICI Bank
- Indian Bank
- JSW Energy
- Shyam Metalics
- Ashok Leyland
- Sona BLW
- BEML
- Indegene
3. JM Financial: 10 stock picks
JM Financial has identified opportunities across metals, defence, pharmaceuticals, telecommunications, infrastructure and power.
- Gravita India
- Bharat Electronics
- Emcure Pharmaceuticals
- ICICI Bank
- Bharti Airtel
- Eternal
- Larsen & Toubro
- Sterlite Technologies
- Power Grid
- Tata Steel
4. 5paisa: 10 stock picks
5paisa’s selection includes some of India’s largest companies across banking, energy, hospitality, information technology, pharmaceuticals and automobiles.
- Reliance Industries
- Kotak Mahindra Bank
- Eternal
- Indian Hotels
- ITC
- Laurus Labs
- HDFC Bank
- TVS Motor
- HAL
- Dr. Reddy’s Laboratories
5. Mirae Asset Sharekhan: 15 stock picks
Mirae Asset Sharekhan has the largest selection among the nine brokerages, with 15 recommendations spanning banking, telecom, infrastructure, consumer goods, chemicals, automobiles and water management.
- Bharti Airtel
- ICICI Bank
- Larsen & Toubro
- Titan Company
- UltraTech Cement
- Indian Hotels
- Navin Fluorine
- Welspun Corp
- Tata Consumer Products
- Radico Khaitan
- Dee Development Engineers
- Karnataka Bank
- Lumax Auto Technologies
- Sagility
- VA Tech Wabag
6. SBI Securities: 11 stock picks
SBI Securities’ recommendations include companies from the steel, hospitality, financial markets, engineering, electronics and power infrastructure sectors.
- Tata Steel
- Indian Hotels
- MCX
- Jyoti CNC Automation
- Sky Gold & Diamonds
- Genus Power
- Power Mech Projects
- Centum Electronics
- Stylam Industries
- Sambhv Steel Tubes
- Lumax Industries
7. PL Capital: 10 stock picks
PL Capital has identified opportunities in healthcare, real estate, power transmission, steel, marine electronics, pharmaceuticals and industrial engineering.
- Apollo Hospitals
- DLF
- GE Vernova T&D
- HBL Engineering
- Jindal Steel
- Marine Electricals
- Shilpa Medicare
- Syrma SGS
- Transformers & Rectifiers
- TD Power Systems
8. Nirmal Bang: 8 stock picks
Nirmal Bang’s list covers private sector banking, new-age businesses, consumer products, cement and financial services.
- Axis Bank
- Eternal
- Paytm
- Prince Pipes
- Rentomojo
- SG Finserve
- Tata Consumer Products
- UltraTech Cement
9. Arihant Capital: 16 stock picks
Arihant Capital has named 16 companies across financial services, telecommunications, real estate, chemicals, renewable energy, technology, railways and manufacturing.
- Sammaan Capital
- HFCL
- Sheela Foam
- Raymond Realty
- GMM Pfaudler
- Inox Wind
- MapmyIndia
- KPIT Technologies
- Raymond Lifestyle
- Texmaco Rail
- Nuvoco Vistas
- Sudarshan Chemical
- HEG Advanced Materials
- Vindhya Telelinks
- Exide Industries
- Kirloskar Pneumatic
Which stocks feature in multiple brokerage recommendations?
A few companies have found favour with more than one brokerage, indicating overlapping interest in certain businesses.
Eternal appears in the recommendations of Motilal Oswal, JM Financial, 5paisa and Nirmal Bang. ICICI Bank features in the lists of SMC Global, JM Financial and Mirae Asset Sharekhan.
Kotak Mahindra Bank has been picked by Motilal Oswal and 5paisa, while Bharti Airtel features in the recommendations of JM Financial and Mirae Asset Sharekhan.
Indian Hotels appears in the lists of 5paisa, Mirae Asset Sharekhan and SBI Securities. Larsen & Toubro has been recommended by JM Financial and Mirae Asset Sharekhan, while Tata Steel features in the selections of JM Financial and SBI Securities.
UltraTech Cement and Tata Consumer Products have also appeared in the recommendations of two brokerages each.
What should investors keep in mind before buying stocks during Muhurat Trading?
While Muhurat Trading is traditionally associated with fresh beginnings and auspicious investments, experts advise investors to avoid making decisions purely on sentiment.
Brokerage recommendations are based on individual research assumptions, valuation estimates, earnings expectations and investment horizons. Investors should examine the underlying business fundamentals, financial performance, valuations, debt levels and potential risks before investing.
Disclaimer: The views and investment tips shared in this article are for general information purposes only. Readers are advised to consult a certified financial advisor before making any investment decisions.
