As Diwali approaches, investors are gearing up for the traditional Muhurat Trading session, which is set to take place in 2026. This special trading period is often viewed as an auspicious time to make stock investments, although analysts caution against interpreting a positive session as a definitive sign of a sustained market rally. The excitement surrounding this year's trading is particularly focused on the stock picks that could yield significant returns over the next year.

Anand Rathi has identified six stocks for the upcoming Samvat 2083, projecting an impressive average upside of approximately 36%. The selected stocks include HDFC Asset Management Company (HDFC AMC), Tech Mahindra, State Bank of India (SBI), Cemindia Projects, Shilpa Medicare, and Indo-MIM. According to their analysis, four of these stocks are expected to rise by more than 20%, with overall 12-month targets indicating gains ranging from 16% to 35%.S2

Meanwhile, Religare Broking has named eight stocks for the same period, highlighting potential earnings outperformance and company-specific growth drivers. This brokerage emphasizes the importance of considering fundamentals, valuations, and associated risks when selecting stocks for investment. Their projections suggest that some of these stocks could see upside potential as high as 54%, making them attractive options for investors looking to capitalize on the festive trading spirit.S3