Diwali Stock Picks 2025: Coforge, JSW Energy, DOMS Industries, Kotak Bank, Chalet Hotels and 4 more

Diwali Picks 2025: Coforge, JSW Energy, Chalet Hotels and more by Axis Securities (Pic: Shutterstock/ ET NOW)

Diwali Stocks 2025, Diwali Stocks To Buy : Leading brokerage firm Axis Securities has recommended 9 stocks to buy on the occasion of Diwali 2025 . The brokerage said that its Diwali picks 2025 (Samvat 2082) have potential to deliver up to 23 per cent returns. The top Diwali 2025 picks by Axis Securities are: Rainbow Children's Medicare, DOMS Industries, KEC International, Chalet Hotels, Minda Corporation, Kotak Mahindra Bank, The Federal Bank, JSW Energy and Coforge.

Diwali Muhurat Stocks To Buy 2025: LIST

Let's take a quick look at the list of 9 top stocks recommended by Axis Securities this Diwali. Below is the target price along with the and potential return. (CMP as on October 9, 2025).

Rainbow Children's Medicare Share Price Target

Rainbow Children’s Medicare is India’s largest multi-speciality paediatric and perinatal hospital chain. Axis Securities said that Rainbow Children's Medicare is well-positioned to deliver healthy growth, supported by strong occupancy trends in mature hospitals, improving contributions from new hospitals and its focused specialisation in paediatrics and maternity care. Margin expansion is expected as new hospitals mature and operating leverage strengthens. It expects double-digit revenue growth with sustained 32–33% EBITDA margins over the medium term.

Why BUY Rainbow Children's Medicare Stock: Leadership in paediatric; Robust pipeline; Asset light hub and spoke model; Debt free balance sheet

CMP: Rs 1320, Target Price: Rs 1625, Upside: 23%

DOMS Industries Share Price Target

Axis Securities said that the recent GST cut on stationery items -- from 5 per cent to nil and from 12 per cent to 5 per cent is a clear positive for DOMS Industries. It will enhance affordability and driving consumption across rural and urban markets. DOMS Industries' growth is supported by its 44-acre greenfield facility, expansion into pens, bags, toys and diapers. The company also has a strong distribution network and pushing toward 3 to 3.5 lakh outlets. The brokerage expects FY25–28E Revenue/EBITDA/PAT CAGR of 23%/22%/25%.

Why BUY DOMS Industries Stock: Pioneer in Indian stationery and arts market; In-house manufacturing; Launching differentiated products and distribution expansion; Capacity expansion on track

CMP: Rs 2556, Target Price: Rs 3110, Upside: 22%

KEC International Share Price Target

Axis Securities said that KEC International's order book stands at Rs 34,409 crore as of June 30, 2025. KEC International has robust engineering, procurement, execution, and project management capabilities. The company has successfully executed complex projects across some of the world’s most difficult terrains and conditions. It has a vast manufacturing footprint across India, the UAE, Brazil and Mexico. The brokerage said that KEC International's robust order book provides healthy revenue visibility for the next 18-24 months. The government’s focus on infrastructure sector will is a positive for the company.

Why BUY KEC International Stock: Healthy orderbook; Strong bidding pipeline; Strengthening margins

CMP: Rs 885, Target Price: Rs 1030, Upside: 20%

Chalet Hotels Share Price Target

Axis Securities said that Chalet Hotels has diversified portfolio (across hospitality, commercial and residential segments) and healthy cash flows from commercial assets. Chalet Hotels has planned a Rs 2,000 crore capex for its announced projects by FY27. Its hotels, located near commercial districts and airports, command ARR (average room rates) premiums while maintaining high occupancy (75–80% post-pandemic).

Why BUY Chalet Hotels Stock: Diversified profile; Intact demand drivers; Robust pipeline; Long-term partnership with international brand

CMP: Rs 941, Target Price: Rs 1120, Upside: 19%

Minda Corporation Share Price Target

Axis Securities said that Minda Corporation is one of India’s leading manufacturers of automotive components. It said that Minda Corporation aims to drive multi-year growth through premiumization, new product development and technology integration. Minda Corporation is evolving from a conventional auto component manufacturer into a high-value, technology-driven mobility solutions provider. The company is backed by strong financials, sticky OEM relationships, rising profit contribution from Associates (notably Flash Electronics). Besides, it has well-defined growth levers across both EV and ICE segments.

The brokerage expects Revenue/EBITDA/PAT to grow at a CAGR of 13%/16%/22% over FY25–28E, respectively.

Why BUY Minda Corporation Stock: Strategic partnerships & JV’s; Encouraging export opportunities; Strong capex plans; R&D depth

CMP: Rs 582, Target Price: Rs 690, Upside: 19%

Kotak Mahindra Bank Share Price Target

Axis Securities said that Kotak Mahindra Bank has successfully forged a powerful banking franchise in India. It has well-diversified pan-India presence through its network of 5,440 group branches and 2,927 ATMs. Kotak Mahindra Bank continues to focus on SA Accounts, Activ Money and Retail TDs to drive deposit growth, while aiming at containing CoF (cost of funds). The Kotak811 channel will remain a key enabler to drive healthy liability franchise growth.

Why BUY Kotak Mahindra Bank Stock: Improving growth trajectory with pick-up in unsecured segments; asset quality improvement; Outperformance on NIMs in a declining interest rate cycle; Healthy RoA profile

CMP: Rs 2145, Target Price: Rs 2500, Upside: 17%

The Federal Bank Share Price Target

Federal Bank is a Kerala-based private sector bank with a pan-India presence. It has exposure to Insurance and NBFC business through its joint venture with IDBI and wholly-owned subsidiary FedFina. The bank continues to execute its strategy of a branch-light and distribution-heavy franchise proactively. The bank has realigned its growth in the retail portfolio and is ready to push for strong growth from H2 onwards.

Why BUY Federal Bank Stock: Improving growth trajectory; NIMs to bottom out in Q2 and improvement thereon; Steady asset quality metrics; Levers to improve RoA present

CMP: Rs 207, Target Price: Rs 240, Upside: 16%

JSW Energy Share Price Target

Axis Securities said that JSW Energy aims to achieve 30 GW of total installed capacity (current installed capacity of 13.2 GW) along with 40 GWh of energy storage capacity by FY30 and achieve Carbon Neutrality by 2050. JSW Energy is in the advanced stage of completing the trial runs of its 3,800 TPA green hydrogen project in Vijayanagar.

Why BUY JSW Energy Stock: Inorganic growth focus; Good execution track record; Focus on energy storage; Strategy 3.0 targets

CMP: Rs 543, Target Price: Rs 625, Upside: 15%

Coforge Share Price Target

Acis Securities said that Coforge maintains a strong presence across key industry verticals and their sub-segments, including BFS (banking and financial services), insurance, overseas government and others. Its geographical footprint spans America, EMEA, APAC and India. Coforge is also empaneled as a preferred technology services partner for multiple Fortune 500 clients. Coforge is well-positioned for growth, given its multiple long-term contracts with leading global brands. The IT company maintains a positive outlook, expecting recent deal wins to drive revenue growth.

Why BUY Coforge Stock: Strong presence in niche segments; Key acquisitions to enhance operational capabilities; Strong deal momentum, strategic capex and AI pivot provide revenue visibility

CMP: Rs 1720, Target Price: Rs 1980, Upside: 15%

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)