Geojit Unveils Top 10 Stock Picks for Diwali Muhurat Trading 2026

With the auspicious occasion of Diwali marking the beginning of the new Hindu financial year, Samvat 2083, Geojit has unveiled its top 10 stock picks for the 2026 [Muhurat Trading](/muhurat-trading-2026-top-stock-picks-with-upside-potential-up-to-54) session. Scheduled for November 8, 2026, from 2:20 PM to 3:30 PM IST, this special trading session is traditionally viewed as an ideal time for investors to initiate new investments, coinciding with Lakshmi Puja, which symbolizes wealth and prosperity. Geojit's selections span various sectors, including banking, infrastructure, technology, and healthcare, reflecting a balanced approach to potential long-term gains amidst current market volatility.

Geojit’s portfolio for Samvat 2083 is characterized by a blend of established large-cap companies and promising mid-cap opportunities. The brokerage emphasizes earnings visibility, strong balance sheets, and reasonable valuations as key factors in their selection process. Despite acknowledging the external challenges facing Indian equities—such as high [crude](/topic/crude-oil) oil prices, geopolitical tensions, and persistent foreign investor outflows—Geojit believes that the recent market correction has improved the risk-reward ratio for investors with a medium- to long-term outlook.

The 10 stocks identified by Geojit include:

1. ICICI Bank

2. Larsen & Toubro (L&T)

3. Kotak Mahindra Bank

4. Eternal

5. Tech Mahindra

6. Samvardhana Motherson

7. Indian Hotels Company

8. Sagility

9. PVR Inox

10. Cyient

ICICI Bank stands out as Geojit’s preferred large-cap private sector bank, showcasing impressive credit growth of 30% year-on-year in Q2FY27. This growth is attributed to broad-based expansion across retail, business banking, and corporate segments, alongside an expanding branch network. The bank has mobilized the highest Foreign Currency Non-Resident (FCNR(B)) deposits among private banks, totaling $17.9 billion, which significantly strengthens its deposit base.

Geojit highlights that ICICI Bank's improving asset quality, contained credit costs, and robust capital position provide ample room for sustained loan growth. While margins have moderated recently, the bank's strong franchise and disciplined risk management are expected to support continued earnings growth.

Larsen & Toubro (L&T) is another key pick, positioned to capitalize on opportunities across infrastructure, manufacturing, energy transition, and technology. Geojit notes that L&T's diversified business portfolio and robust project pipeline enhance its growth prospects. The company’s order book has surged by 27.1% year-on-year to ₹7.79 lakh crore, with order inflows in Q1FY27 rising by 14.4% to ₹1.08 lakh crore, indicating strong momentum.

Geojit projects that L&T's revenue and profit after tax (PAT) will grow at compound annual growth rates (CAGR) of 13% and 19%, respectively, over FY26–FY28, driven by its focus on offshore wind, digital technologies, and green energy under the Lakshya 2031 roadmap.

Kotak Mahindra Bank has also been highlighted for its accelerated loan and deposit growth, outpacing industry averages. Geojit notes that easing credit costs and improved operational efficiency are expected to bolster profitability. The bank's net interest margin (NIM) of 4.53% in Q1FY27 is the highest among the four largest private sector banks.

With Anup Kumar Saha set to assume the role of MD and CEO on January 1, 2027, Kotak is expected to gain momentum in its retail segment. The management plans to expand unsecured lending while maintaining strict underwriting standards, alongside a focus on home loans and SME financing.

In addition to the aforementioned stocks, Geojit’s portfolio includes several other noteworthy companies:

• Eternal: Recognized for its innovative approach in the new-age business sector.
• Tech Mahindra: Positioned to benefit from the growing demand for technology solutions.
• Samvardhana Motherson: A key player in the auto components sector, expected to thrive amid rising automotive production.
• Indian Hotels Company: Benefiting from the resurgence in travel and hospitality post-pandemic.
• Sagility: A healthcare services provider with strong growth potential.
• PVR Inox: Positioned to capitalize on the recovering entertainment sector.
• Cyient: A technology firm focusing on engineering and digital transformation.

As investors prepare for the Muhurat Trading session, Geojit’s stock picks reflect a strategic approach to navigating the current market landscape. While global headwinds pose challenges, the brokerage's focus on companies with strong fundamentals and growth prospects offers a pathway for investors looking to capitalize on the auspicious occasion of Diwali. With the right selections, Geojit aims to guide investors toward potential long-term returns in the upcoming financial year.