Diwali 2025 Muhurat trading: Brokerage firm recommends these stocks with upside potential

Kolkata: Samvat 2082 is just a few days away. Though the IPO market is agog with new issues, the secondary market remains wobbly dragged won by tariff-induced jitters and fresh tensions of an impending trade war between the two biggest economies of the world -- the US and China. The benchmark indices are oscillating sideways and gains on a day are being surrendered completely on the next. Against this backdrop, Indian investors will ring in a new Samvat.

Between September 15 and October 15, Nifty 50 has gained less than 1% and Sensex has gained just about 0.74%. A revival in investor mood is expected in the third quarter, helped by the GST rejig, easing inflation and festive spending. Some are also pointing out that some FPIs could cheannelise their investments to the Indian equity market if US President Donald Trump goes ahead with the 100% punitive tariff against China from November 1. Incidentally, China has refused to budge before his threats.

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Every year, many investors participate enthusiastically in "muhurat trading" period on Diwali that they believe will bring good luck for the investment year ahead. The special ‘Muhurat Trading' will be held between 1:45 pm and 2:45 pm on October 21. Broking firm Prabhudas Lilladher (Now PL Capital) has listed the following stocks for Muhurat trading.

Muhurat picks by PL Capital

Swiggy

Target prices: Rs 530 and Rs 580

Stop loss: Rs 370

The Swiggy stock was trading at Rs 440.35, up Re 0.20 (or 0.045%) on October 15. The stock has witnessed improving trend in the past few months. PL Capital mentioned an ascending channel pattern on the daily chart. Following a short correction, Swiggy stabilised near the 50EMA at Rs 418. "With the chart technically looking good, we suggest buying the stock for upside targets of ₹530 and ₹580 levels, keeping the stop loss of ₹370 level," said the brokerage firm.

Hindustan Copper

Target prices: Rs 405 and Rs 440

Stop loss: Rs 300

The Hindustan Copper stock was trading at Rs 340.05, up Rs 9.90 (or 3.00%). The brokerage noted how the stock has moved in a robust manner in the past one month from the level of Rs 245. "With volume participation on the rise and with the chart technically well poised, we can expect further gains and suggest buying and accumulating the stock for upside potential targets of ₹405 and ₹440 levels, keeping the stop loss of ₹300 level," said PL Capital.

Anant Raj

Target prices: Rs 940 and Rs 1,100

Stop loss: Rs 645

Anant Raj was trading at Rs 674.50, up Rs 17.10 (or 2.60%) on October 15. PL Capital said the stock has gone through a notable surge, with significant volume participation. It maintained a positive bias despite consolidation. Further upward movement expected. "With the chart technically looking strong, we suggest buying the stock for upside potential targets of ₹940 and ₹1,100 levels, keeping the stop loss of ₹645," said the brokerage firm.

HBL Engineering

Target prices: Rs 1,100 and Rs 1,250

Stop loss: Rs 780

HBL Engineering was trading at Rs 916.00, down Rs 1.70 (or 0.19%) on October 15, HBL Engineering experienced a short period of correction. Then there was a consolidation with a maintained positive bias. "With the chart technically well placed, we suggest buying the stock for upside targets of ₹1,100 and ₹1,250, keeping the stop loss at the ₹780 level," mentioned PL Capital.

Hi Tech Pipes

Target prices: Rs 150 and Rs 165

Stop loss: Rs 106

The Hi Tech Pipes stock was trading at Rs 119.00, up Rs 2.33 (or 2.00%) on October 15. The brokerage said the stock underwent a strong move from the 50-day EMA zone at Rs 92, marking a strong uptrend. There are indications of a volume surge with positive price pressure. "With the chart technically well placed and looking attractive, we suggest buying the stock for upside potential targets of Rs 150 and Rs 165 levels, keeping the stop loss of ₹106," said the brokerage firm.

Va Tech Wabag

Target prices: Rs 1,770 and Rs 1,900

Stop loss: Rs 1,270

The VA Tech Wabag stock was trading at Rs 1,403.40, up Rs 3.90 (or 0.28%) on October 15. The stock had a short period of correction and approached the strong support zone at Rs 1,390 followed by a pullback. "With the chart pattern technically well-positioned and looking attractive, we suggest buying the stock for upside targets of Rs 1,770 and Rs 1,900 levels, keeping the stop loss of Rs 1,270," said PL Capital.

V-Mart Retail

Target prices: Rs 1,030 and Rs 1,130

Stop loss: Rs 730

The V-Mart Retail stock was trading at Rs 860.70, down Rs 12.75 (or 1.46%) on October 15. The brokerage said that the stock recorded a strong movement past the 200-period SMA and 100-period SMA at Rs 800. "With the chart technically looking good, we suggest buying the stock for upside potential targets of ₹1,030 and ₹1,130 levels, keeping the stop loss of ₹730," said the brokerage firm.

TVS Motor

Target Prices: Rs 4,100 and Rs 4,550

Stop loss: Rs 3,100

The TVS Motor Company stock was trading at Rs 3,538.90, up Rs 33.90 (or 0.97%) on October 15. The stock has been revving up for the past few years and has shown a strong bias. The stock has again started improving. "With the chart technically looking good, we suggest buying and accumulating the stock for upside targets of ₹4,100 and ₹4,550 levels, keeping the stop loss of ₹3,100 level," mentioned PL Capital.