As the festival of lights approaches, investors across India are gearing up for the special Muhurat Trading session, a tradition that marks the beginning of a new financial year for the trading community. Ahead of Diwali 2025, ICICI Securities has released its list of top Muhurat stock picks, highlighting companies with strong fundamentals, promising growth outlook, and attractive upside potential.
The brokerage has selected eight momentum stocks across various sectors that can deliver good returns over the medium to long term.
1. HDFC Bank – Strong Position in Private Banking
ICICI Securities has included HDFC Bank in its Muhurat Picks for 2025. The brokerage expects the bank to benefit from credit growth, stable asset quality, and its strong retail franchise. With digital initiatives and an expanding customer base, HDFC Bank remains one of the most trusted names in the Indian banking sector.
- Target Price: ₹1,150
- Upside Potential: Around 14%
2. CreditAccess Grameen – Rural Lending Growth Story
CreditAccess Grameen, a leading microfinance institution, is another pick by ICICI Securities. The company is expected to see strong loan book growth as rural credit demand continues to rise. Its stable asset quality and consistent performance make it a key player in the financial inclusion segment.
- Target Price: ₹1,600
- Upside Potential: Around 15%
3. Larsen & Toubro (L&T) – Infrastructure Leader
ICICI Securities has placed its bet on L&T, India’s leading infrastructure and engineering giant. With a robust order book, diversified project pipeline, and healthy execution, L&T is well-positioned to benefit from the government’s capex push and private sector investments.
- Target Price: ₹4,500
- Upside Potential: Around 20%
4. AIA Engineering – Benefiting from Mining Expansion
AIA Engineering finds a place in the Muhurat Picks due to its strong presence in the mining consumables segment. The company is expected to benefit from global mining activity and its expansion into new geographies. Its steady cash flows and efficient operations make it a solid long-term pick.
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Target Price: ₹4,060
5. Allied Blenders & Distillers – Premium Liquor Demand Rising
ICICI Securities is bullish on Allied Blenders & Distillers, a major player in India’s liquor industry. With rising consumer preference for premium brands and improving margins, the company is expected to witness healthy growth.
- Target Price: ₹640
- Upside Potential: Around 17%
6. Kaynes Technology – Strong Momentum in Electronics
Kaynes Technology has been identified as a high-growth opportunity by ICICI Securities. As a key player in the electronic manufacturing services (EMS) sector, the company is expected to benefit from government incentives, rising domestic demand, and export opportunities.
- Target Price: ₹8,900
- Upside Potential: Up to 32%
7. Data Patterns – Defence Sector Growth Play
Data Patterns, a company focused on defence and aerospace electronics, has been included for its strong order pipeline and rising defence expenditure. The company’s margins and execution capabilities give it a competitive edge in a fast-growing sector.
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Target Price: ₹3,560
8. Greenlam Industries – Building Materials Sector Pick
Greenlam Industries, known for its laminates and surfacing solutions, rounds off the list. With improving demand in the real estate and home improvement sectors, the company is expected to deliver steady growth.
- Target Price: ₹300
- Upside Potential: Around 20%
Conclusion
ICICI Securities’ Muhurat Picks for Diwali 2025 cover a diverse range of sectors including banking, infrastructure, manufacturing, liquor, defence, and building materials. These companies have been selected based on their fundamentals, growth potential, and valuation comfort.
While Muhurat Trading is symbolic, it’s also a good opportunity for investors to reassess their portfolios and add quality stocks for the long term. However, as with any investment, doing your own research or consulting a financial advisor is essential before making decisions.
FAQs
What is Muhurat Trading?
Muhurat Trading is a special, one-hour trading session conducted by stock exchanges on Diwali day. It is considered auspicious and marks the beginning of the new financial year for the trading community.
Are Muhurat Picks short-term or long-term ideas?
Brokerages usually select Muhurat Picks with a medium to long-term investment horizon, focusing on companies with strong fundamentals and growth outlook.
Can new investors participate in Muhurat Trading?
Yes, new investors can open a Demat and trading account and participate in Muhurat Trading just like any other trading day.
Should I invest in all the stocks from the Muhurat Picks list?
Not necessarily. You can select stocks that match your risk profile, financial goals, and investment strategy.
Do all brokerages release Muhurat Picks?
Yes, most leading brokerages like HDFC Securities, ICICI Direct, Motilal Oswal, Axis Securities, and others release their Muhurat stock picks ahead of Diwali.