Best Diwali 2026 Muhurat Stocks: Axis Securities Picks 9 Shares for Samvat 2083

Looking for the best Diwali 2026 Muhurat stocks? Axis Securities has listed nine shares for Samvat 2083 with potential upside of up to 20%. These Diwali 2026 Muhurat stocks to buy include DCB Bank (target ₹240), Nephrocare Health Services (₹710), Indian Hotels Company (₹900), Ashok Leyland (₹170), Coforge (₹2,245), Eternal (₹365), Hindalco Industries (₹1,000), APL Apollo Tubes (₹2,340), and Elecon Engineering (₹500). 

The picks focus on private banking, healthcare, quick commerce, metals, engineering, hospitality, automobiles, and technology after the Indian stock market correction.

This list of Diwali stocks to buy comes at a useful time. Samvat 2082 was difficult for the Indian stock market. The Nifty 50 fell about 10.3% till late October 2026. Geopolitical tensions, high crude oil prices, a stronger US dollar, and foreign investor selling created pressure. Axis Securities views the correction as an improved entry point for quality businesses with clear earnings visibility rather than a signal to buy everything.

What Is Diwali 2026 Muhurat Trading?

Muhurat trading is a special one-hour session held on Diwali that marks the start of the new Hindu financial year, Samvat 2083. Muhurat Trading 2026 falls on Sunday, 8 November. Trading runs from roughly 2:20 pm to 3:30 pm, with a short pre-open window. 

Many families and investors treat it as an auspicious time to start or add to long-term holdings. It is not a signal of the year’s direction, but a cultural and practical opportunity to invest with a calm, multi-year view.

Why These Best Stocks to Buy Amid Diwali 2026?

Axis Securities looks for companies with earnings growth, pricing power, strong balance sheets, and reasonable valuations. Preferred themes include private banks linked to credit growth, diagnostics and organised healthcare, quick commerce, building materials, engineering, metals, hospitality, and select automobiles and technology firms benefiting from AI-led changes. 

The brokerage stresses that delivery of results will matter more than promises in Samvat 2083.

Best Diwali 2026 Muhurat Stock By Axis Securities

Below is the list of Diwali 2026 Muhurat Stocks as picked by Axis Securities:-

1. DCB Bank 

DCB Bank stands out for private banking. Axis expects steady credit and deposit growth, improving net interest margins, healthy asset quality, and operating leverage that can support a sustainable return on assets around 1–1.05%. The target of ₹240 implies about 20% upside.

DCB Bank Share Price

DCB Bank Share Price is 194 as of 28 October 2026, at 13:22 P.M.

2. Nephrocare Health Services 

Nephrocare Health Services benefits from rising demand for dialysis, more hospital outsourcing, and growth in organised healthcare. The company also has international expansion potential. The target of ₹710 offers roughly 19% upside, though working capital and execution need watching.

Nephrocare Health Services Share Price

Nephrocare Health Services Share Price is Rs. 639 as of 28 October 2026, at 13:16 P.M.

3. Indian Hotels Company 

Indian Hotels Company captures rising discretionary spending on travel and stays. Strong city occupancy, new hotel openings, and select-service expansion support expected revenue growth. Target ₹900 (about 15% upside).

Indian Hotels Company Share Price

Indian Hotels Company Share Price is Rs. 812 as of 28 October 2026, at 13:22 P.M.

4. Ashok Leyland

Ashok Leyland offers exposure to medium and heavy commercial vehicles. Replacement demand, infrastructure push, exports, and growth in electric vehicles and defence form the case. Target ₹170 (around 17% upside).

Ashok Leyland Share Price

Ashok Leyland Share Price is Rs. 144 as of 28 October 2026, at 13:21 P.M.

5. Coforge Ltd.

Coforge fits the technology theme. Deal wins, client additions, AI-driven productivity gains, and raised margin guidance support the view. Target ₹2,245 (about 18% upside).

Coforge Share Price

Coforge share price is Rs. 1972 as of 28 October 2026, at 13:23 P.M.

6. Eternal 

Eternal (linked to quick commerce via Blinkit) benefits from store additions and higher order frequency. Expansion remains the priority even if margins stay flat in the near term. Target ₹365 (15% upside).

Eternal Share Price

Eternal Share Price is Rs. 331 as of 28 October 2026, at 13:26 P.M.

7. Hindalco Industries

Hindalco Industries gains from aluminium and copper demand tied to electric vehicles and renewables, plus capacity ramp-up at Novelis. Target ₹1,000 (15% upside).

Hindalco Industries Share Price

Hindalco Industries Share Price is Rs. 898 as of 28 October 2026, at 13:28 P.M.

8. APL Apollo Tubes

APL Apollo Tubes leads in structural steel tubes with capacity expansion. Management has kept EBITDA-per-tonne guidance steady. Target ₹2,340 (15% upside).

APL Apollo Tubes Share Price

APL Apollo Tubes Share Price is Rs. 2170 as of 28 October 2026, at 13:29 P.M.

9. Elecon Engineering

Elecon Engineering has a strong order book (reported around ₹1,635 crore, up over 30% year-on-year). It benefits from investments in steel, power, cement, and overseas work. Target ₹500 (20% upside).

Elecon Engineering Share Price

Elecon Engineering Share Price is Rs. 432 as of 28 October 2026, at 13:39 P.M.

These are not short-term trades. Axis frames them as medium-to-long-term ideas for Samvat 2083, with a buy-on-dips approach preferred by many research teams.

Here is a clear data table of the Axis Securities picks (targets and upside based on prices around late October 2026 reports; prices move daily, so always check current levels):

(Sources for the table, details, and images: Axis Securities report coverage in LiveMint, Financial Express, Screener, and related market reports).

Tips for Beginners in the Indian Stock Market

Start with research, not tips. Understand the business: Does the company make money consistently? Is debt manageable? Are valuations reasonable after the recent correction? Diversify across sectors so one weak area does not hurt the whole portfolio. 

Use SIPs for regular investing rather than trying to time every session. Muhurat trading is short, so place limit orders in advance if possible and avoid last-minute decisions driven by excitement.

Focus on your time horizon and risk level. Money needed in the next one or two years usually belongs in safer options. Equities suit longer goals. Always read the full research note, check the latest results, and consult a SEBI-registered advisor if needed. 

Markets can stay volatile if oil prices stay high or global conditions remain uncertain. Axis itself calls the outlook constructive but disciplined.

The correction has brought Nifty valuations closer to longer-term averages in some measures, which creates selective opportunities. Still, earnings delivery across sectors will decide returns more than broad market moves.

How to Approach Diwali 2026 Muhurat Stocks to Buy

Treat the special session as a starting point, not a must-buy moment. Review the Axis Securities picks against your own goals. Compare current prices with the targets, note any recent news, and decide position sizes carefully. Many investors use the occasion for symbolic or incremental purchases while keeping the bulk of decisions on fundamentals.

Watch key triggers listed by the brokerage: lower crude oil prices (especially a sustained move toward $85-90), easing geopolitical risks, interest-rate signals, recovery in foreign flows, and steady corporate earnings. Domestic factors such as government capital spending and resilient SIP inflows also matter.

Conclusion

Investing in the Indian stock market during festive periods carries the same rules as any other time: knowledge, patience, and discipline matter most. The Axis Securities picks for Samvat 2083 offer a structured view of opportunities after a corrective year. 

Study them carefully, stay focused on business fundamentals, and build positions that match your own financial plan. 

(Sources: Financialexpress , Livemint , ET, Anandrathi)

DISCLAIMER: This blog is not a buy or sell recommendation. The stocks mentioned in the blog are not the author's or the company’s advice. They are taken from the Axis Securities picks available in the public domain through various websites. All the stock targets, buy-sell call are of Axis Securities. This blog is only for educational purposes. Always research and discuss with your SEBI-registered financial advisor before any investment decision..

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