Mumbai: The last one year has been very volatile for the domestic stock markets. The NSE Nifty revolved around the 25,000 level most of the time and the performance of the whole year was almost flat. The impact of geo-political tension, tariff war and political changes in global economies affected the market movement. Inflation below 3 percent, GDP rate of about 7 percent and a reduction in the interest rate of 100 basis points strengthened the economy. Brokerage ICICI Direct has suggested some stocks which investors can consider for buying around the Diwali festival.
Brokerage ICICI Direct has initiated Buy rating for the shares of AIA Enegineering, Allied Blenders & Distillers, Keyence Technology, Data Patterns, Greenlam Industries, HDFC Bank, Larsen & Toubro, and Credit Access Grameen.
Stocks to buy on Diwali 2025
| Company name | Buying range (Rs) | Current Price (₹) | Target Price (₹) | Potential Gain (%) | Market Cap (₹ Crore) |
| HDFC Bank | 940–985 | 978 | 1150 | 18.00% | 1502877 |
| Credit Access Grameen | 1,350–1,450 | 1390 | 1600 | 15.00% | 22833 |
| Larsen & Toubro | 3,600–3,800 | 3760 | 4500 | 20.00% | 517855 |
| AIA Engineering | 3,100–3,300 | 3219 | 4060 | 26.00% | 30043 |
| Allied Blenders & Distillers | 515–555 | 545 | 640 | 17.00% | 15244 |
| Keyence Technology | 6,500–6,900 | 6750 | 8900 | 32.00% | 45516 |
| Data Patterns | 2,630–2,800 | 2732 | 3560 | 30.00% | 15295 |
| Greenlam Industries | 240–260 | 251 | 300 | 20.00% | 6397 |
Muhurat Trading 2025 Timing
This year’s Muhurat trading session on Diwali will be held from 1:45 pm to 2:45 pm on 21st October 2025. The Muhurat trading session will mark the starting of New Year Samvat 2082, as per the Hindu calendar. Regular trading will be closed on the day of Diwali, but this one-hour special trading session will be conducted.
Corporate Q2 results and expectations from GST reforms
Last year, market performance remained sluggish due to the limited increase in corporate earnings, although it was at a higher base. The start of FY26 remained steady, where earnings growth stood at 6.6 percent year-on-year (YoY) in Q1FY26, compared to 8.2 percent YoY for the full year.
The biggest positive surprise in the recent past was the GST 2.0 reforms, which are expected to increase corporate earnings from H2FY26. During the festive season, real demand will increase in consumer categories, which can be supported by GST rate cuts and a possible India-US trade deal.
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