Introduction
As the festival of lights ushers in a new Samvat year, Dalal Street is once again buzzing with optimism. Every year, top brokerages release their Diwali Picks — a curated list of stocks expected to shine bright in the coming year.
The Diwali Pick 2025 recommendations bring together insights from some of the most trusted names in the industry, including Axis Direct, Motilal Oswal, HDFC Securities, ICICI Direct, and others.
This year’s Diwali stock picks reflect India’s shifting economic focus — from traditional PSU and banking plays to emerging sectors like manufacturing, renewable energy, and digital transformation. Let’s dive into what each brokerage house recommends for Diwali Pick 2025.
Axis Direct Diwali Pick 2025
Axis Direct’s Diwali 2025 portfolio focuses on diversified growth — featuring hospitality, banking, and industrial manufacturing names that combine resilience with expansion potential.
| Stock Name | Expected Upside (%) |
|---|---|
| Chalet Hotels Ltd | 19% |
| Coforge Ltd | 15% |
| DOMS Industries Ltd | 22% |
| Federal Bank Ltd | 16% |
| JSW Energy Ltd | 15% |
| KEC International Ltd | 20% |
| Kotak Mahindra Bank Ltd | 17% |
| Minda Corp Ltd | 19% |
| Rainbow Children’s Medicare Ltd | 23% |
Read the full Axis Direct report [here →]
Anand Rathi Diwali Pick 2025
Anand Rathi’s recommendations center around defence, infrastructure, and manufacturing, highlighting India’s capex-driven growth story.
| Stock Name | Expected Upside (%) |
|---|---|
| BEML Ltd | 42% |
| GRSE Ltd | 50% |
| Hindustan Zinc Ltd | 50% |
| IFCI Ltd | 50% |
| IRB Infrastructure Ltd | 50% |
| Jupiter Wagons Ltd | 49% |
| Tata Technologies Ltd | 37% |
Read the full Anand Rathi report [here →]
ET Now Diwali Pick 2025
ET Now’s festive portfolio reflects a mix of market leaders and niche compounders, spanning finance, real estate, and industrials — perfect for diversified exposure.
| Stock Name | Expected Upside (%) |
|---|---|
| APL Apollo Tubes Ltd | 12.3% |
| Bajaj Finance Ltd | 11.45% |
| Bharti Airtel Ltd | 18.5% |
| DMart Ltd | 23.06% |
| HDFC Bank Ltd | 19.18% |
| Hero MotoCorp Ltd | 14.26% |
| Kalpataru Projects Intl Ltd | 17.98% |
| Kirloskar Brothers Ltd | 15.46% |
| Lupin Ltd | 21.2% |
| Mahanagar Gas Ltd | 21.21% |
| Max Healthcare Ltd | 30.51% |
| Prestige Estates Ltd | 29.7% |
| Shriram Finance Ltd | 15.92% |
| Sansera Engineering Ltd | 13.51% |
| SBI Ltd | 18.50% |
Read the full ET Now report [here →]
HDFC Securities Diwali Pick 2025
HDFC Securities emphasizes financials, materials, and industrial recovery — with a balanced blend of PSU and private-sector names.
| Stock Name | Expected Upside (%) |
|---|---|
| Bank of India | 26% |
| JK Lakshmi Ltd | 15% |
| Jyothi Labs Ltd | 14% |
| L&T Finance Ltd | 30% |
| National Aluminium Company Ltd | 24% |
| Navin Fluorine International Ltd | 17% |
| NCC Ltd | 21% |
| PNB Housing Finance Ltd | 18% |
| Reliance Industries Ltd | 21% |
| SBI Ltd | 19% |
Read the full HDFC Securities report [here →]
Geojit Financial Diwali Pick 2025
Geojit’s picks reflect a steady-growth, quality-first approach — highlighting financials, autos, and consumer plays.
| Stock Name | Expected Upside (%) |
|---|---|
| Axis Bank Ltd | — |
| Brigade Enterprises Ltd | — |
| Can Fin Homes Ltd | — |
| Hero MotoCorp Ltd | — |
| Hindustan Unilever Ltd | — |
| H.G. Infra Engineering Ltd | — |
| Infosys Ltd | — |
| Maruti Suzuki Ltd | — |
| SBI Ltd | — |
| Suzlon Energy Ltd | — |
| Tata Consumer Products Ltd | — |
| UltraTech Cement Ltd | — |
Read the full Geojit Financial report [here →]
ICICI Direct Diwali Pick 2025
ICICI Direct’s festive portfolio emphasizes engineering excellence, digital transformation, and financial inclusion — key growth drivers for 2025.
| Stock Name | Expected Upside (%) |
|---|---|
| AIA Engineering Ltd | 26% |
| Allied Blenders & Distillers Ltd | 17% |
| CreditAccess Grameen Ltd | 15% |
| Data Patterns Ltd | 30% |
| Greenlam Industries Ltd | 20% |
| HDFC Bank Ltd | 18% |
| L&T Ltd | 20% |
| Kaynes Technology Ltd | 32% |
Read the full ICICI Direct report [here →]
JM Financial Diwali Pick 2025
JM Financial’s Diwali list has a balanced mix of cyclical and defensive bets, covering infra, financials, and energy themes.
| Stock Name | Expected Upside (%) |
|---|---|
| Ashoka Buildcon Ltd | 15% |
| Bajaj Finance Ltd | 19% |
| Gravita India Ltd | 21% |
| ICICI Lombard Ltd | 17% |
| Jindal Steel Ltd | 19% |
| Macrotech Developers Ltd | 23% |
| National Aluminium Ltd | 17% |
| Olectra Greentech Ltd | 27% |
| Power Grid Ltd | 17% |
| Reliance Industries Ltd | 28% |
Read the full JM Financial report [here →]
Motilal Oswal Diwali Pick 2025
Motilal Oswal’s Samvat 2082 picks reflect strong brand-led growth and value unlocking stories, especially in autos, FMCG, and PSU space.
| Stock Name | Expected Upside (%) |
|---|---|
| BEL Ltd | 22% |
| Delhivery Ltd | 15% |
| Indian Hotels Ltd | 21% |
| LT Foods Ltd | 38% |
| Max Financial Services Ltd | 24% |
| M&M Ltd | 18% |
| Radico Khaitan Ltd | 16% |
| SBI Ltd | 14% |
| Swiggy Ltd | 25% |
| VIP Industries Ltd | 26% |
Read the full Motilal Oswal report [here →]
Nirmal Bang Diwali Pick 2025
Nirmal Bang’s festive portfolio is tilted toward manufacturing, PSUs, and specialty chemicals, reflecting India’s structural growth story.
| Stock Name | Expected Upside (%) |
|---|---|
| Archean Chemical Ltd | 28% |
| Finotex Chemical Ltd | 20% |
| Five Star Finance Ltd | 34% |
| Garware Hi-Tech Ltd | 24% |
| L&T Technology Services Ltd | 18% |
| Macpower CNC Ltd | 48% |
| REC Ltd | 47% |
| Sai Silk Ltd | 69% |
| Transformers & Rectifiers Ltd | 31% |
Read the full Nirmal Bang report [here →]
Philip Capital Diwali Pick 2025
Philip Capital’s recommendations reflect innovation, financial services, and industrial modernization themes.
| Stock Name | Expected Upside (%) |
|---|---|
| ABB India Ltd | 54% |
| Angel One Ltd | 28% |
| BEL Ltd | 46% |
| CAMS Ltd | 37% |
| HDFC Life Ltd | 28% |
| Hindalco Ltd | 40% |
| Hemisphere Properties Ltd | 63% |
| Mankind Pharma Ltd | 38% |
| Mphasis Ltd | 23% |
Read the full Philip Capital report [here →]
Prabhudas Lilladher Diwali Pick 2025
Prabhudas Lilladher’s list reflects a clear tilt toward PSU and manufacturing revival themes, backed by rising government spending and capex cycles.
| Stock Name | Expected Upside (%) |
|---|---|
| ABB Ltd | 41% |
| BEL Ltd | 50% |
| BHEL Ltd | 54% |
| Coal India Ltd | 41% |
| Exide Industries Ltd | 49% |
| GMDC Ltd | 52% |
| GRSE Ltd | 58% |
| HSCL Ltd | 45% |
| KPIT Technologies Ltd | 40% |
| NTPC Ltd | 39% |
| Tata Motors Ltd | 35% |
Read the full Prabhudas Lilladher report [here →]
Cross-Broker Highlights – Diwali Pick 2025
Certain stocks feature repeatedly across multiple brokerages — reflecting market consensus for the upcoming Samvat year:
- SBI Ltd — Favoured by 4+ brokers, indicating faith in PSU banking strength.
- BEL Ltd — A consistent pick across houses, showcasing India’s defence and electronics growth story.
- Reliance Industries & HDFC Bank — Top large-cap favourites, combining stability with long-term visibility.
- Auto & Infra Themes — Hero MotoCorp, L&T, IRB Infra, and M&M underline domestic recovery bets.
- Chemical & Manufacturing Edge — Picks like Navin Fluorine, Archean Chemical, and Garware Hi-Tech point to India’s industrial renaissance.
Conclusion
The Diwali Pick 2025 lists from top brokerages reflect a confident yet selective optimism — focusing on India’s manufacturing revival, PSU strength, and consumption recovery.
While these stocks are researched by leading analysts, investors should treat them as a starting point for deeper study, aligning them with personal goals and risk appetite.
As Samvat 2082 begins, the underlying message from Dalal Street remains clear — India’s growth story continues to shine.
FAQs
Q1. What is Diwali Pick 2025?
It’s a curated list of stock recommendations released by major brokerages ahead of Diwali, marking the start of Samvat 2082 — the new trading year on Dalal Street.
Q2. How are Diwali Picks selected?
Brokerages shortlist stocks based on fundamentals, valuation comfort, growth visibility, and sector outlook over the next 12 months.
Q3. Should investors directly buy Diwali Picks?
Not blindly. These serve as research starting points — investors should review each company’s fundamentals and their own risk profile before investing.
Q4. Which stocks appeared most across brokerages in Diwali Pick 2025?
SBI, BEL, Reliance Industries, and HDFC Bank were the most repeated names — signaling high market confidence in these sectors.
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