SMAR Daily Industry News

Top Diwali Muhurat Picks: 10 Indian Stocks with Upside

Samco Wealth has released its Muhurat Trading watchlist for Diwali on November 7, recommending ten Indian equities spanning power, telecom, IT, aerospace, automotive and more. The brokerage emphasizes diversification after a volatile previous year and provides entry ranges, one-year price targets and stop-loss levels for each pick.

Azad Engineering is the highest-upside recommendation, with a suggested entry between ₹2,405 and ₹2,485 and a one-year target of ₹5,108. The firm’s order book is around ₹6,500 crore, spread over five to six years, and management projects revenue growth above 25 % annually, driven by gas turbine demand for data centres. The stock has corrected roughly 22 % from its recent high and is testing its prior breakout zone; Samco advises a stop loss at ₹2,222.

Adani Power, India’s largest private-sector thermal power producer, is recommended at ₹186–₹192 with a target of ₹318.85. The company posted a 141.5 % year-on-year rise in Q2 FY27 consolidated net profit to ₹7,019 crore and revenue growth of 44.5 % to ₹19,439 crore. Power sales reached 26.4 billion units and plant load factor improved to 70.1 %. The stock is consolidating near its 200-day moving average with support around ₹175–₹180; stop loss is set at ₹162.70.

HFCL, a telecom equipment maker, is slated for a buying range of ₹227–₹235 and a target of ₹381.10. In Q2 FY27 the company recorded its best quarter ever, with revenue up 144 % to ₹2,542 crore and net profit soaring 448 % to ₹394 crore. Its order book grew to ₹28,911 crore, 64 % of which is from optical fibre and data-centre interconnect. Management expects at least 80 % revenue growth in FY27; stop loss is ₹180.25.

Tech Mahindra is recommended at ₹1,760–₹1,820 with a target of ₹2,904.50. Q2 FY27 revenue rose 15.6 % year-on-year to ₹16,180 crore, EBIT margin expanded to 14.8 % and net profit increased 32.7 % to ₹1,586 crore. New deal wins totalled $1.02 billion, and the company’s dollar-denominated revenue could benefit from rupee depreciation. The suggested stop loss is ₹1,492.80, and the target is pre-bonus, to be adjusted for a proposed 1:1 bonus issue.

BSE is listed with a buying range of ₹3,455–₹3,565 and a target of ₹5,441. The exchange reported a 63 % rise in Q1 FY27 revenue from operations to ₹1,566 crore and a 62 % increase in consolidated net profit to about ₹874 crore. Growth is supported by its derivatives business, mutual fund distribution platform and other exchange-related services. Potential listing-related trading activity in NSE shares and derivatives contracts could add upside. The stock has reclaimed its 50-day and 200-day moving averages; stop loss is ₹2,810.

L&T Technology Services is advised for a six-month horizon, with entry at ₹4,215–₹4,345 and a target of ₹6,013.45. Q2 FY27 revenue grew 12.1 % year-on-year, and EBIT margin rose to 16.3 %. Large deal wins exceeded $200 million, more than half AI-related, and AI-led solutions generate $120 million annually. Samco expects a stronger second half of FY27 and sets a stop loss at ₹3,308.80.

Tips Music is recommended at ₹770–₹794 with a target of ₹1,050. The label posted 35 % revenue growth to ₹120 crore in Q2 FY27 and profit after tax rose 23 % to ₹65.5 crore. It is debt-free, cash-rich, and has declared an interim dividend of ₹6.50 per share. The stock trades near its 52-week high; stop loss is ₹616.

TVS Motor is suggested for a six-month term, with entry between ₹4,130 and ₹4,260 and a target of ₹5,411. The two-wheeler maker recorded its best quarter in Q2 FY27, with revenue up 39 % to ₹19,474 crore and profit after tax increasing 46 % to ₹1,219 crore. Record sales hit 1.92 million units, and electric two-wheeler sales more than doubled. A proposed demerger of its consumer finance business could unlock further value. Stop loss is ₹3,600.

Sansera Engineering is recommended at ₹4,045–₹4,175 with a target of ₹4,965.90. In Q1 FY27 the auto and aerospace components maker posted 33 % revenue growth to around ₹1,021 crore and net profit rose 39 % to ₹87 crore. Aerospace, defence and semiconductor equipment contributed about 14 % of revenue, and management expects high-teens to 20 % revenue growth in FY27. Stop loss is set at ₹3,558.85.

Multi Commodity Exchange of India (MCX) is listed with a buying range of ₹3,140–₹3,240 and a target of ₹3,835.75. The commodity derivatives exchange holds over 98 % market share and benefits from heightened trading activity during volatility in crude oil, gold, silver and other commodities. Q1 FY27 consolidated net profit rose 103 % year-on-year to ₹413 crore.

Why it matters

These picks highlight sectors and companies poised for strong earnings and market activity during the festive Muhurat Trading window.

FAQ

What is the entry range for Azad Engineering?
Samco recommends buying Azad Engineering between ₹2,405 and ₹2,485.

Which stock has the highest one-year target on the list?
Azad Engineering has the highest one-year target of ₹5,108.

What growth driver is mentioned for HFCL?
64 % of HFCL's order book comes from optical fibre and data-centre interconnect.

What dividend has Tips Music declared?
Tips Music declared an interim dividend of ₹6.50 per share.

Source: Mint Markets. See the original source for full details.