Diwali Muhurat Stock Surge: JM Financial Lists 12 Winners for Festive Season

Ahead of the auspicious Diwali Muhurat trading session, JM Financial has unveiled 12 stock picks with potential gains of up to 31%. These select companies span sectors such as automobiles, banking, healthcare, and metals, driven by strong earnings growth, healthy fundamentals, and positive market sentiment for FY26.

As India prepares for the traditional Diwali Muhurat trading session, JM Financial has shared its curated list of 12 high-conviction stock picks aimed at capitalizing on the festive market optimism and longer-term growth prospects. The brokerage’s selections are backed by robust fundamentals, favorable sector dynamics, and recent corporate earnings, presenting attractive entry points for investors seeking to leverage seasonal and structural market tailwinds.

Key Highlights of JM Financial’s Diwali Stock Picks

Maruti Suzuki India: Positioned for a 16% upside with margin improvements anticipated from new plant ramp-ups and future hybrid vehicle introductions with in-house battery manufacturing capabilities.
Axis Bank: Expected 12% gains fueled by easing credit costs and operational efficiencies, reflecting strong quarterly performance.
Anant Raj: Offers 25% upside prospects, driven by its diversified revenue streams in residential, commercial real estate, and the growing digital infrastructure space.
Lloyds Metals & Energy: Recommended for its robust iron ore production growth and undervaluation, with a 28% upside forecast.
Eureka Forbes: Holds the highest projected upside on the list at 31%, backed by strong consumer demand in water purification and home appliance segments.

Other recommended stocks include FIEM Industries, IIFL Finance, Apollo Hospitals Enterprise, Ratnamani Metals & Tubes, Brainbees Solutions, L&T Finance, and Astral.

These picks represent a balanced portfolio across defensive and growth sectors, providing investors with diversified exposure during a period of economic recovery and market buoyancy. The recommendations reflect JM Financial’s confidence in India’s macroeconomic environment and corporate earnings momentum heading into FY26.

Investors looking for a flourishing start to the new financial year may find this portfolio valuable to capture festive optimism and solid underlying business growth.

Sources: Financial Express, JM Financial, Outlook Money, CNBC TV18, Business Standard

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