Diwali stocks 2026: Tata Steel, MCX, IHCL and 8 more to add sparkle to shares portfolio in Samvat 2083 | Full list

Muhurat Trading And Samvat 2083

Diwali ushers in Samvat 2083, the new Hindu accounting year, and with it the customary Muhurat Trading window that many investors treat as an auspicious entry point. The BSE and NSE will hold a special one-hour session on Sunday, 8 November, aligned with Lakshmi Puja. Continuous equity trading will run from 2:20 pm to 3:30 pm, a shorter window than the usual 9:15 am to 3:30 pm schedule.

Why The Picks Matter

SBI Securities expects Indian equities to recover gradually through Samvat 2083 after an extended phase of consolidation. The brokerage has named eleven stocks it views as potential opportunities, spanning metals, hotels, finance, engineering, power, electronics and automotive components. The list comprises Tata Steel, Indian Hotels Company, MCX, Jyoti CNC Automation, Sky Gold, Genus Power Infrastructures, Power Mech Projects, Centum Electronics, Stylam Industries, Sambhv Steel Tubes and Lumax Industries. Market prices used for these stocks are as on 27 October 2026.

The brokerage's sector preferences extend across automobile makers and component suppliers, capital goods, engineering, defence, aerospace, railway safety and power equipment. It also favours selective plays in banking, capital-market businesses and NBFCs, along with electronics manufacturing services, recycling, new-age platforms and pharmaceutical CDMOs. Structural steel tubes, discretionary consumption such as hotels, jewellery and alcoholic beverages, and metals and mining round out the themes.

Targets And Valuation Signals

For Tata Steel, the target price is ₹200 against a current market price of ₹171, implying 17% upside. Revenue, EBITDA and PAT are projected to grow at CAGRs of 8.3%, 17.6% and 36% between FY26 and FY28, reaching ₹2,72,448 crore, ₹47,512 crore and ₹19,968 crore respectively. The stock trades at EV/EBITDA of 6.8 times for FY27E and 6.2 times for FY28E.

Indian Hotels carries a target of ₹935 versus a CMP of ₹813, a 15% potential upside, with…