Kotak Securities Releases Top Stock Picks for Muhurat Trading on Diwali

As per Kotak Securities these are the top stock picks/ recommendations by Shrikant Chouhan, Head Equity Research, Kotak Securities i.e. Adani Ports & SEZ, Acutaas Chemical, Cummins India, Eternal, ICICI Bank, Mahindra & Mahindra, Reliance Industries.

The list of 7 stocks expected to perform well in Samvat 2082 is as follows:

• Adani Ports & SEZ – Target Price: ₹1,900

• Acutaas Chemical – Target Price: ₹1,780

• Cummins India – Target Price: ₹4,400

• Eternal – Target Price: ₹375

• ICICI Bank – Target Price: ₹1,700

• Mahindra & Mahindra – Target Price: ₹4,000

• Reliance Industries – Target Price: ₹1,555

Kotak Securities believes that these stocks could prove to be attractive options for investors for Diwali Muhurat trading.

We expect (1) some stability in earnings after large downgrades over the past 12-15 months and (2) strong growth in earnings in FY27 (18% for the Nifty- 50 Index). We note a moderation in the pace of EPS downgrades over the past few months, although Q2FY26 may see some more downgrades, given the prevailing weak demand environment. We expect earnings growth to be fairly broad-based for FY27, which gives us confidence about our earnings estimates. Of course, global events can still derail the earnings recovery story. We expect (1) stabilizing earnings, (2) strong growth in earnings of 17.6% in FY27 to Rs 1297 and of 14.3% in FY28 to Rs 1487 and (3) a steady macro to provide a ‘high’ floor to the market but (1) rich valuations across sectors and stocks and (2) global headwinds to act as a ‘low’ ceiling to the market. The market may offer modest returns over the next 12-15 months with growth in earnings being partly offset by lower multiples. Based on our assessment of markets, sectors and stocks, we have identified 7 potential stock ideas which are expected to do well in Samvat 2082. Happy Investing!