Diwali 2025 Stock Picks: SBI Securities' Top Stocks with Upto 25% Upside that Could Light Up Your Portfolio

Diwali 2025 is just days away, and the stock market is on fire. Nifty 50 in just the last 5 days has surged 1.5%, crossing the 25,200 mark, while Sensex added 1100 points this week before closing at 82,500 today.

Market Performance Since Last Year's Diwali

"The Indian stock market showed subdued performance during SAMVAT 2081, as leading indices struggled under multiple headwinds. From Diwali 2024 to September 30, 2025, the Nifty 50 and Sensex delivered minimal returns of 1.3% and 0.7%, respectively. Broader market activity was lacklustre, with the Nifty SmallCap index declining 6.6%. Sector-wise, IT, power, and FMCG witnessed notable weakness, falling 18.1%, 15.0%, and 7.7%, respectively, while the auto sector emerged as the standout performer, gaining 9.4%, supported by GST reductions and revival in demand" as noted by SBI Securities in its report.

SBI Securities has released its Diwali Muhurat top stock picks for 2025, with companies across sectors with strong potential for growth and huge upside potential. Here are the top 10 stocks from the report for festive-season investments and long-term returns.

1. HDFC Bank Ltd

HDFC Bank is India's largest private sector bank, operating in the BFSI sector with a market capitalisation of around Rs. 15 lakh crore. The bank reported consolidated net revenue of Rs. 73,280 crore for the quarter ended March 31, 2025. SBI Securities has set a target price of Rs. 1,110 for the stock with upside potential of 14% from the current market price.

2. TVS Motor Company Ltd.

TVS Motor operates in the Automobile & Ancillaries sector with a market capitalisation of about Rs. 1.67 lakh crore. Strong domestic and export demand and strategic expansion are supporting its revenue and profitability growth, which is expected to drive the stock price from Rs. 3,511 to a target of Rs. 3,975, implying an upside of 13.2%.

3. Apollo Hospitals Enterprise Ltd.

Apollo Hospitals is another stock on the list with growth potential. Being the largest healthcarechain in India, the company has a market cap of Rs. 1.10 lakh crore. The target price for this stock has been set at Rs. 8,675 from a current market price of Rs. 7,662, indicating 13.2% potential upside.

4. Indian Bank

Indian Bank, a public sector bank in the BFSI sector with a Rs. 1.02 lakh crore market cap, is recovering steadily after consolidation. The stock's current market price of Rs. 758 is expected to rise to Rs. 875, offering a 15.4% upside.

5. Ashok Leyland Ltd

Ashok Leyland, with a market cap near Rs. 81,000 crore, is a major player in commercial vehicles within Automobiles & Ancillaries. Its share price is projected to rise from Rs. 138 to Rs. 170, a 23.2% upside.

6. Jubilant FoodWorks Ltd

In the FMCG sector, Jubilant FoodWorks holds a Rs. 41,131 crore market cap and is known for the Domino's Pizza and Dunkin' Doughnuts franchises in India. The stock's target price has been fixed at Rs. 720 versus the current level of Rs. 623, suggesting a 15.5% upside.

7. National Aluminium Company Ltd

NALCO, operating in Metals and Mining with a market cap of Rs. 39,882 crore, benefits from government support and commodity cycles. Its share price is anticipated to touch Rs. 260 from Rs. 217 currently, with a 19.7% upside for investors.

8. NSDL

The recently listed stock with an Rs. 23,990 crore market cap, NSDL currently has strong revenue and margin profiles. The stock price target of Rs. 1,380 from Rs. 1,198 represents a 15.2% upside.

9. Azad Engineering Ltd

Azad Engineering, in Aerospace & Defence, holds a market cap of Rs. 11,101 crore; the company's price target of Rs. 2,105 from Rs. 1,719 suggests a 22.5% upside.

10. Oswal Pumps Ltd.

Oswal Pumps, the capital goods giant with a market cap of Rs. 8,832 crore, is expected to have the highest upside potential at 25.2%, with a price target of Rs. 970 compared to the current Rs. 775. The capital good

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