Diwali Muhurat Trading 2025: Top 10 Stock Picks by Motilal Oswal for Samvat 2082; Swiggy, SBI, M&M, BEL & More

The Indian stock market is set to close Samvat 2081 on a muted note, weighed down by persistent foreign institutional investor (FII) outflows, global trade headwinds, subdued corporate earnings, and rising geopolitical tensions. However, hopes are high for a market revival in Samvat 2082, as Motilal Oswal Financial Services (MOFS) projects a turnaround driven by favorable macroeconomic conditions and policy interventions.

MOFS sees FY26 as a critical inflection point, marking a shift from tepid earnings to more robust, sustainable growth. "Nifty earnings growth is projected at 8% YoY in FY26 and 16% YoY in FY27, significantly up from the modest 1% growth estimated for FY25," the firm noted.

Motilal Oswal's Stock Picks for Samvat 2082

As Samvat 2082 kicks off, Motilal Oswal Financial Services has curated a portfolio of high-conviction stock ideas backed by strong fundamentals, sectoral tailwinds and long-term growth visibility. From banking and defence to logistics and premium consumer brands, these stocks are positioned to benefit from India's evolving economic landscape.

Here's a look at the brokerage's top 10 picks to watch this Samvat:

1. State Bank of India (SBI)

The country's largest lender is highlighted for its well-diversified growth across retail, SME, and corporate banking.
Target Price: Rs 1,000

2. Mahindra & Mahindra (M&M)

M&M is poised for strong earnings driven by a rural revival and successful new product launches.
Target Price: Rs 4,091

3. Bharat Electronics Ltd. (BEL)

BEL is a key beneficiary of India's defence push, including a ₹30,000 crore tender under the Indian Army's 'Anant Shastra' project.
Target Price: Rs 490

4. Swiggy

Swiggy's quick commerce segment is nearing profitability amid reduced competition and lower acquisition costs. The core food delivery business is also strengthening.
Target Price: Rs 550

5. Indian Hotels Company Ltd.

India's hospitality sector is booming with higher Average Room Rates (ARR), increased occupancy, and strong Revenue per Available Room (RevPAR).
Target Price: Rs 880

6. Max Financial Services

The company is poised for above-industry growth, driven by robust bancassurance partnerships and a favourable product mix.
Target Price: Rs 2,000

7. Radico Khaitan

Radico aims for long-term expansion in premium spirits through aggressive capacity building and brand leverage.
Target Price: Rs 3,375

8. Delhivery

Delhivery, holding over 20% market share in express logistics, has extended its rural footprint via strategic acquisitions.
Target Price: Rs 540

9. LT Foods

Known for its Daawat and Royal brands, LT Foods exports to over 80 countries and commands leadership in the Indian and US basmati rice markets.
Target Price: Rs 560

10. VIP Industries

VIP Industries has outpaced the industry with a robust 19% revenue CAGR over FY22-25, reflecting strong market demand and execution.
Target Price: Rs 530

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