Samvat 2082 will be auspicious for these stocks! Invest for profit, Kotak Securities' Diwali stock picks:

News Topical, Digital Desk : The Indian stock market had a poor start to this year. The market performed poorly in Samvat 2081, lagging behind many global markets. However, domestic brokerage firm Kotak Securities expects Samvat 2082 to be a good year for the Indian market. The brokerage firm expects earnings to stabilize after the significant downgrades in the last 12-15 months. Meanwhile, strong earnings growth is expected in FY27 due to reductions in GST rates and income tax.

Kotak Securities recommends investing in select stocks in Samvat 2082. These include stocks from leading companies and various sectors. Investors can begin investing in these stocks during Muhurat trading on the occasion of Diwali.

Kotak Securities' Diwali Stock Picks

Adani Port and SEZ

Kotak Securities has a buy rating on Adani Ports & SEZ shares with a target price of ₹1,900. The brokerage firm said, "We expect strong volume growth across approximately two-thirds of the company's port portfolio."

Acuitas Chemical

The brokerage firm has a buy rating on Acuitas Chemicals shares and a target price of Rs 1780. The company is a fast-growing producer of pharmaceutical intermediates and specialty chemicals. The company reiterated its guidance for 25% revenue growth and improved margins.

Cummins India

Kotak Securities has rated Cummins India shares as a Diwali stock pick with an Add rating and a target price of ₹4,400. In FY25, the company entered new markets and launched new products and services. The company's expansion into its distribution business has good long-term prospects.

Eternal (Zomato)

The domestic brokerage firm has a buy rating on Eternal (Zomato) shares and a target price of Rs 375. The brokerage believes Blinkit will achieve EBITDA breakeven by the second half of fiscal 2026. Consolidated revenue is expected to grow at a CAGR of 83% over FY25-28E.

ICICI Bank

Kotak Securities has a buy rating on shares of ICICI Bank, the country's second-largest private bank, with a target price of Rs 1,700. The brokerage firm believes the company's return on equity (RoE) of 18% is among the best in the industry.

Reliance Industries

Kotak Securities also rated Reliance Industries, India's most valuable company by market cap, "Add" and assigned a target price of ₹1,555. The company aims to double its EBITDA (₹2,11,100 crore) from FY22 to FY27E.