Diwali Muhurat trading 2026 stock picks: Ahead of Samvat 2083, HDFC Securities has unveiled its Diwali stock picks for the coming year, betting on a mix of large-cap and mid-cap companies across sectors such as cement, power, defence, automobiles, pharmaceuticals, infrastructure and textiles. The brokerage has constructed a portfolio of 10 stocks that it believes offer attractive risk-reward opportunities and the potential for superior returns till the next Diwali.
The recommended stocks includes Ambuja Cement Ltd., Adani Power Ltd., Coal India Ltd., Bharat Electronics Ltd., Maruti Suzuki India Ltd., Can Fin Homes Ltd., K. P. R. Mill Ltd., Tata Steel Ltd., Emcure Pharmaceuticals Ltd. and Larsen & Toubro Ltd.
Here is a list of the top 10 stock picks:
| Company | Industry | LTP | Buying Range | Target Price |
| 1. Ambuja Cement | Cement | Rs 348 | Rs 347 – Rs 36 | Rs 481 |
| 2. Adani
Power Ltd |
Power | Rs 234 | Rs 185 – Rs 195 | Rs 234 |
| 3. Coal India Ltd | Energy | Rs 389 | Rs 389- Rs 405 | Rs 490 |
| 4. Bharat
Electronics Ltd. |
Aerospace/Defence | Rs 370 | Rs 368 – Rs 378 | Rs 475 |
| 5. Maruti Suzuki
India Ltd. |
Automobile | Rs 11,397 | Rs 11,250 – Rs 11,650 | Rs 13,900 |
| 6. Can Fin
Homes Ltd. |
NBFC | Rs 720 | Rs 720 – Rs 740 | Rs 845 |
| 7. K.P.R.
Mill Ltd. |
Textiles | Rs 1,115 | Rs 1,098 – Rs 1,129 | Rs 1,289 |
| 8. Tata
Steel Ltd. |
Metals | Rs 167.6 | Rs 168 – Rs 175 | Rs 210 |
| 9. Emcure
Pharmaceuticals Ltd. |
Pharmaceuticals | Rs 1,872 | Rs 1,863 – Rs 1,898 | Rs 2,208 |
| 10. Larsen &
Toubro Ltd. |
Infrastructure | Rs 3,872 | Rs 3,840 – Rs 3,935 | Rs 4,458 |
HDFC Securities on Larsen & Toubro
The brokerage’s positive stance on Larsen & Toubro Ltd. is driven by its robust order book, improving margins and strong visibility across domestic and international projects. It expects the company to deliver a consolidated revenue, EBITDA and PAT CAGR of around 13 per cent, 14.5 per cent and 21 per cent over FY26-FY29.
HDFC Securities on Maruti Suzuki India
For Maruti Suzuki India, the brokerage highlighted the company’s leadership in the passenger vehicle market, expanding utility vehicle portfolio, export growth and ongoing capacity additions.
HDFC Securities on Bharat Electronics
In the defence space, Bharat Electronics remains a preferred pick due to its strong order book, export opportunities and focus on indigenisation and cost optimisation.