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As investors gear up for the special Diwali Muhurat trading session on October 21, Motilal Oswal Wealth Management unveils 10 stocks to watch this Samvat 2082. But which shares truly have the potential to deliver festive gains this year?
Experts advise investors to focus on quality midcaps, banking, and renewable energy stocks.
New Delhi: Indian investors are gearing up for the much-awaited Diwali Muhurat trading session on October 21. Conducted on the NSE and BSE between 1:45 pm and 2:45 pm, the special one-hour session marks the beginning of the Hindu financial year, Samvat.
Ahead of this auspicious trading day, Motilal Oswal Wealth Management has released its list of 10 recommended stocks poised for potential upside, backed by robust fundamentals, policy tailwinds, and sectoral growth drivers.
Target Price: Rs 1,000 | Upside Potential: ~13%
Motilal Oswal sees SBI as a strong contender within the banking sector, supported by reforms like GST 2.0, income tax restructuring, and the RBI’s liquidity push. With diversified growth in retail, SME, and corporate segments, SBI’s credit expansion and digital progress provide a solid outlook.
The stock recently touched a 52-week high of Rs 894.75, up 12% in 2025 so far.
Target Price: Rs 4,091 | Upside Potential: ~15%
M&M plans to launch seven ICE SUVs, five BEVs, and five LCVs by 2030, strengthening its presence across EV and conventional markets. Motilal predicts robust earnings growth, driven by rural recovery, new launches, and improved margins.
Target Price: Rs 490 | Upside Potential: ~19%
With the Rs 30,000 crore ‘Anant Shastra’ defense project positioning BEL as a lead integrator, its order book has crossed Rs 1 trillion. The brokerage expects strong growth under the TPCR 2025 roadmap, making BEL a strategic defense bet.
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Target Price: Rs 550 | Upside Potential: ~23%
Swiggy’s Instamart is moving toward profitability amid reduced competition and lower acquisition costs. The company’s food delivery outlook has improved, with FY26–FY27 growth forecasts revised upward to 23%, supported by higher consumer spending.
Target Price: Rs 880 | Upside Potential: ~19%
IHCL is expected to benefit from a strong hospitality cycle led by rising room rates, higher occupancy, and a surge in MICE and wedding events. With an expanding room pipeline, the company is positioned for sustained growth in FY26.
The Nifty earnings expected to grow 8% in FY26.
Target Price: Rs 2,000 | Upside Potential: ~29%
Motilal highlights strong bancassurance traction and improving VNB margins. GST reforms are also expected to enhance insurance affordability, supporting Max Financial’s continued premium valuations and growth trajectory.
Target Price: Rs 3,400 (approx.) | Upside Potential: ~13%
Known for brands like Magic Moments and Rampur Single Malt, Radico Khaitan is expanding in the premium spirits segment. Its stake in D’YAVOL Spirits B.V. aims to take Indian luxury liquor global, driving long-term brand and profit growth.
Target Price: Rs 540 | Upside Potential: ~21%
After acquiring Ecom Express for Rs 14 billion, Delhivery has enhanced its rural network and logistics efficiency. With over 20% market share in express logistics, it remains a leading player in India’s booming e-commerce ecosystem.
Target Price: Rs 560 | Upside Potential: ~35%
Known for Daawat and Royal, LT Foods dominates the Basmati rice market with strong global presence. Export-led growth (66% of FY25 revenue) and a focus on premium rice varieties position it as a high-margin agribusiness pick.
Target Price: Rs 530 | Upside Potential: ~24%
VIP Industries continues to outperform peers, recording a 19% CAGR in revenue over FY22–25. With strong digital and offline integration, it’s well-placed to benefit from premiumization trends and India’s rising travel demand.
The term ‘Samvat’ refers to the Hindu Vikram Samvat calendar, which predates the Gregorian calendar by about 56 years. Each Diwali marks the beginning of a new financial year in this traditional system, widely followed by traders and investors in India. Samvat 2082 symbolizes a fresh beginning for markets, where investors perform the Muhurat trading ritual — considered auspicious for initiating new investments and portfolios. Historically, the session often reflects positive market sentiment and sets the tone for the year ahead in the Indian equity market.
Motilal Oswal, financial services executive notes that Samvat 2082 begins on a positive macroeconomic note. RBI’s rate cuts and government tax reliefs are boosting liquidity, while consumer sentiment and capex revival strengthen growth prospects.
The brokerage expects Nifty earnings to grow 8% in FY26 and 16% in FY27, projecting strong performance in BFSI, consumption, manufacturing, and digital sectors.
Disclaimer:
The stock market analysis and recommendations presented in this article are based on expert opinions and market observations. Readers are advised to conduct their own research and consult a certified financial advisor before making any investment decisions. Investing in the stock market involves risk, and past performance does not guarantee future results.
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