As Diwali 2025 approaches, brokerage firm PL Capital (Prabhudas Lilladher) has released its top stock picks for Muhurat trading, identifying eight companies with the potential to deliver significant returns for investors. The special Muhurat trading session will be held on Tuesday, October 21, 2025, from 1:45 PM to 2:45 PM.

Muhurat trading is a symbolic hour of trading held on Diwali, marking the start of Samvat 2082, the new Hindu financial year. It is considered an auspicious time to invest, with many believing that new investments made during this period will bring prosperity and good luck throughout the year.

PL Capital expects earnings momentum to strengthen in the second half of FY26, supported by factors such as lower inflation, stable policy rates, and a recovery in domestic demand. Their Diwali 2025 picks aim to balance safety with opportunity, focusing on stocks with strong fundamentals, improving technical indicators, and steady volume participation.

Among PL Capital's top picks are Swiggy and TVS Motor, with potential upsides of 28-58%.

Here's a closer look at some of PL Capital's Muhurat Trading 2025 recommendations:

• Swiggy: The brokerage firm sees signs of stabilization around ₹425 and anticipates a potential move towards ₹580. Investors can consider buying Swiggy at the current market price (CMP) of ₹425, with target prices of ₹530 - ₹580 and a stop loss at ₹370.
• TVS Motor: TVS Motor has shown a strong upward trend over the past few years. The brokerage suggests accumulating the stock for upside targets of ₹4,100 and ₹4,550, with a stop loss at ₹3,100. The current market price is around ₹3,460.
• Anant Raj: PL Capital recommends buying Anant Raj at the CMP of ₹695, with target prices of ₹940 - ₹1,100 and a stop loss at ₹645.
• HBL Engineering: The brokerage firm suggests buying HBL Engineering at the CMP of ₹872, with target prices of ₹1,100 - ₹1,250 and a stop loss at ₹780.
• Hind Copper: Investors can consider buying Hind Copper at the CMP of ₹355, with target prices of ₹405 - ₹440 and a stop loss at ₹300. The company is expected to benefit from favorable global copper prices and strong domestic demand.
• Hi-Tech Pipes: PL Capital recommends buying Hi-Tech Pipes at the CMP of ₹120, with target prices of ₹150 - ₹165 and a stop loss at ₹106.
• V-Mart Retail: The stock has witnessed a strong surge past the 200-period and 100-period Simple Moving Averages (SMA) at ₹800, strengthening the trend. With a flag pattern formation on the daily chart, the stock indicates a decent rise, accompanied by volume participation. Investors can consider buying the stock for upside potential targets of ₹1,030 and ₹1,130, keeping a stop loss at ₹730.
• Va Tech Wabag: After a brief period of correction, Va Tech Wabag has approached the strong support zone at ₹1,390, where a double bottom pattern is visible on the daily chart. A pullback has indicated improving bias, and the stock is anticipated to rise further in the coming days. The brokerage firm suggests buying the stock for upside targets of ₹1,770 and ₹1,900, with a stop loss at ₹1,270.

In addition to these picks, PL Capital also favors State Bank of India (SBI) and ITC Ltd. They expect SBI to move towards ₹920–₹1,020 in the coming months and see a potential upside of approximately 30% for ITC. Hindustan Aeronautics Ltd (HAL) is also among PL Capital's top picks, with an expected advance to ₹6,200.

The special Muhurat trading session on October 21, 2025, will be held from 1:45 PM to 2:45 PM.