Diwali Muhurat trading 2026 stock picks: Kotak Mahindra Bank, Adani Ports among top 5 Motilal Oswal recommendations with up to 35% upside

Samvat 2083 begins on a cautious note, as an external energy shock overshadows a resilient economy. The West Asia conflict has kept Brent crude above $100 per barrel, lifting CPI inflation to 5.54 per cent in September and prompting a 25-basis-points repo rate hike to 5.50 per cent. Here are the top 5 stocks picked by Motilal Oswal for Muhurat trading 2026.

Kotak Mahindra Bank is poised for healthy growth across retail, small business and corporate lending, with loan growth guided at 1.5-2.0x nominal GDP growth. Margins should recover as surplus foreign currency deposits are deployed, and higher repo rates pass through loan yields. Unsecured loan quality is improving. "We estimate net interest income and net profit CAGRs of 19.7 per cent and 24.1 per cent over FY26-28, with return on assets of 2.07 per cent in FY27," said Motilal Oswal. The brokerage kept the 12-month price target on the stock at Rs 500, an upside of 8 per cent from the price of Rs 462.

The brokerage house said that Adani Ports is well placed to fund expansion, with strong cash flows, a cash balance of Rs 12,500 crore and net debt to operating profit of 1.8x. Port capacity additions, infrastructure projects and global acquisitions provide visibility, with cargo volumes expected to grow at a 14 per cent CAGR over FY26-28. "We estimate revenue, operating profit, and net profit CAGRs of 17per cent, 18 per cent, and 21 per cent over FY26 28," said Moilal Oswal. The brokerage house has kept the price target at Rs 2,130, seeing an upside of 15 per cent from the current market price of Rs 1,850.

Titan is India’s leading jewellery brand, backed by strong sourcing and a rising share of studded jewellery, and gains as buying shifts for organised players. With 3,551 stores as of Jun’26, store expansion and non-jewellery businesses add growth levers. Stable gold prices could improve margin visibility. "We estimate revenue, operating profit, and net profit CAGRs of 17per cent, 21 per cent, and 23 per cent over FY26-29," said Motilal Oswal. The brokerage house kept the price target at Rs 6,000 on the stock, looking at an upside of 35 per cent.

Eternal benefits from its leading food delivery platform and Blinkit’s quick commerce network, with food delivery order value targeted to grow 20 per cent+ long term. Blinkit’s store target is raised to 3,500+ by FY27-end and 5,000 by FY28-end, while food delivery margins stay stable. "We estimate revenue and net profit CAGRs of 75 per cent and 155 per cent over FY26-28," said Motilal Oswal. The brokerage sees an upside of 22 per cent on the food delivery stock at Rs 420 from the current market price of Rs 344.

BSE’s futures and options turnover is up 85 per cent in October 2026 so far, and the partial rollback of closing auction session norms from 7-Dec-26 adds support. Growth extends beyond derivatives: 30 per cent+ share of options premium turnover, cash market share at 9 per cent, and recurring income from mutual fund and co-location services. Operating margin rose to 65 per cent+ in FY26 from 9 per cent in FY21. "We estimate a 27 per cent net profit CAGR over FY26-28," said the brokerage house. Motilal Oswal sees the stock reaching Rs 4,000 over the next 12 months, which is a gain of 14 per cent from the price of Rs 3,510.