Diwali 2026 Muhurat Trading Samvat 2083 stocks with up to 35% gain: HDFC AMC, SBI, Tech Mahindra, 3 more by Anand Rathi
Anand Rathi rate 6 stocks, including HDFC Bank, State Bank of India and Tech Mahindra.
· LiveMint Markets
Anand Rathi has recommended six stocks for its Diwali 2026 portfolio, with 12-month target prices suggesting potential upside of 16% to 35%. The picks span banking, infrastructure, pharmaceuticals, manufacturing, asset management and technology.
The analysis
Where the names start from: Tech Mahindra is 3% below its 52-week high, +8.2% over three months; State Bank of India (SBI) is 20% below its 52-week high, -3.9% over three months; HDFC Bank is 28% below its 52-week high, -6.4% over three months. A rating is set against the price on the day the note is written, so how far a stock has already run is the part of the case the headline upside leaves out.
Fund flows and NAV moves show where domestic retail conviction is actually going, month after month.
Why it matters
- Infra spending is both an economic-cycle signal and a direct order pipeline for capital-goods names.
Market context
- Brokerage calls from Anand Rathi, with ratings on 6 stocks. Of these, the 3 we track are below: HDFC Bank, State Bank of India (SBI) and Tech Mahindra.
- On the day, 1 of 3 are higher: HDFC Bank leads at +3.5% and Tech Mahindra trails at -0.6%.
- Over three months: HDFC Bank -6.4% against Banks -6.0% (0.4 points behind); State Bank of India (SBI) -3.9% against Banks -6.0% (2.1 points ahead); Tech Mahindra +8.2% against IT -2.1% (10.3 points ahead).
- At least 25% below the 52-week high: HDFC Bank (28%).
- Trading well above normal today: State Bank of India (SBI) at 2.4 times its 20-day average volume.
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| HDFC BankHDFCBANK · Banks | ₹724.45 | +3.5% | -2.9% | -6.4% | -28.2% | 1.1× | — |
| State Bank of India (SBI)SBIN · Banks | ₹981.30 | -0.6% | +3.5% | -3.9% | -20.1% | 2.4× | — |
| Tech MahindraTECHM · IT | ₹1,776.40 | -0.6% | +16.6% | +8.2% | -3.2% | 0.3× | — |
Banks
1M -2.4% · 3M -6.0%
HDFC Bank, State Bank of India (SBI)
IT
1M +6.2% · 3M -2.1%
Tech Mahindra
Infrastructure
1M -5.7% · 3M -12.9%
Prices as of 3 Nov 2026, 14:42 IST. Sector moves are the average of the stocks we track in each sector.
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