Shares to buy on Diwali 2025: From Hal, SBI to Maruti - Mirae Asset Sharekhan selects 12 shares for Samvat 2082

Shares to buy: Samvat 2081 was a year of challenges for the Indian stock market. Nifty 50 criterion has remained flat over the past year, mainly due to US rates, foreign capital outflow, poor earnings and the depreciation of the rupee. However, the upcoming Samvat 2082 could be better, as earnings are expected to revive amid India’s favorable macro economic prospects. “As we walk in Samvat 2082, the long-term stock market prospects seem promising. Despite the global market winds and the most important domestic events, India’s growth story is only getting stronger, and the country is on its way to become the world’s third largest economy in the next few years,” said brokerage firm Mirae Asset Sharekhan. However, the brokerage firm emphasized that the best days are already behind us, and that the market leadership is likely to change after a few years of a mega run in the small and middle caps’ segments, followed by a quiet time in 2025. “Big shells look good to perform the next year, with a relatively better risk and comfortable valuations,” Mirae Asset Sharekhan offered his portfolio of 12 Diwali choices, which according to the brokerage firm is value-buying opportunities with strong fundamentals. Stock elections for long -term Hindustan Aeronautics (Hal) | Previous Closing: £ 4,747,15 | Target Price: £ 6,000 The brokerage firm underlines that Hal has a strategic place in India’s defensive story, as it is a dominant aircraft supplier, helicopters, engines, aviation and accessories. It is also the leading provider of maintenance, repair and review of services to the Indian Army. “The backlog of the order stands strong at nearly £ 1.9 lakh crore (6 times revenue from the twelve month), providing a healthy revenue growth visibility over FY26E-27E. Order pipeline remains strong for Hal, with £ 1 lakh crore expected in the coming year with the coming year.” With the strong order book with a strong investigative pipeline, we maintain our positive view of the share for a target price of £ 6,000, which factores an income and Pat Cagr growth of 16 percent and 13 percent respectively, “Sharekhan said. State Bank of India (SBI) | Previous Closing: £ 876.90 | Target Price: £ 980 Sharekhan is constructive on SBI, Positioned balance sheet to capitalize on growth and healthy subsidiary performance. The pressure on operating profitability is short -lived, “says Sharkhan.” SBI trades at 1.2 times and once the FY26E and FY27E core book value, respectively. With no concern about the quality of the asset, we expect the bank to maintain a 1 percent ROA and Roe from 14-15 percent at the close to medium term, “the brokerage firm said.” The profitability of core operations is expected to have pressure in the FY2026E, which has already been priced. Maruti Suzuki India | Previous Closing: £ 16,255,25 | Target Price: £ 18,400 “We expect GST rate cuts, discussions for festive time and modeling to encourage the question. SUVs, including EVs, would be the key to further reinforcing its product portfolio, Maruti Victoris, a mid -SUV and E Vitara, driven by an ice -icen/electric drifetrains, respectively, ”said. Bharti Airtel | Previous Closing: £ 1,946,20 | Target price: £ 2,200 The brokerage firm pointed out that Bharti Airtel’s ARPU growth is mainly driven by premiumization, post-paid upgrades, international roaming penetration and new value-added bundles. “The company focuses on modular extensions in cloud, digital and fiber. It prioritizes the divisions, higher shareholders’ payouts and targeted M&A in adjustments, along with a focus on sensible capital award,” Sharkhan said. Larsen & Toubro (L&T) | Previous Closing: £ 3,741.30 | Target Price: £ 4,550 Sharekhan underlines that L&T an order of an order of 10 percent year-on-year (yoy), income growth of 15 percent year and an 8-8.25 percent operating profit margin for the core P&M (plant and machinery) for FY26 target. Orderbook remains at a peak of nearly £ 6.13 Lakh Crore, which is 3.1 times revenue from the twelve-month. The brokerage firm expects L&T to benefit from a healthy international order intake, led by the Middle East, along with a collection in domestic order inflow. The GCC region, led by Saudi Arabia, will continue to strengthen its physical and digital infrastructure, apart from the money of oil and gas. Coincidentally, the countries of multiple GCC (Gulf Cooperation Council) started with energy expansion and transitional trips with major investment expenses, the brokerage firm said. “The shares are trading at a p/e of 26.5 times and 22.1 times its FY26E and FY27E earnings, which provide further space for upside, taking into account its strong order prospects,” the brokerage firm said. Lupine | Previous Closing: £ 1,937,65 | Target price: £ 2400 According to the brokerage firm, Lupine’s management has successfully executed plans to add complicated medicine with high margin to its US portfolio. In five years, management intends to launch more than 100 products, of which complex medicines will now make up 55 percent out of 34 percent, the brokerage firm said. “Management plans to introduce more than 80 products in four years. Chronic segment delivers 65 percent of domestic formulations from Q1FY26, and management wants to increase the same to 70 percent with FY30,” Sharkhan said. Amber Enterprises India | Previous Closing: £ 8,191.50 | Target price: £ 9,300 Mirae Asset Sharekhan has a call on Amber Enterprises, which takes into account the growth in long-term income in the segments. “We are building a turnover and Pat Cagr of nearly 23 percent and 39 percent more than FY25-FY27E respectively. At the current market price, the share is trading at a valuation of 74 times and 47 times its FY26E and FY27E EPS,” says Mirae Asset Sharkhan. Chalet Hotels | Previous Closing: £ 910.90 | Target price: £ 1,172 According to the brokerage firm, Chalet Hotels’ hospitality business can perform strongly in the coming years, led by strategic acquisitions, stock expansion and better operational efficiency. Higher contribution of commercial affairs would be an additional growth driver, Sharekhan said. The brokerage firm emphasized that management led for a double -digit Revpar (income per available room) in FY26. It looks at 4500 operational and in-pipeline by December 2025 and intends to cross 5,000 rooms in FY26. This led to a Capeex of nearly £ 2,000 crore by FY27 that would be funded by internal accrual. From Q1FY26 end, the net debt stood at £ 2,018 crore, but underlined the brokerage firm. Sharekhan expects Chalet Hotels’s consolidated revenue and PAT to grow at 25 percent and 35 percent respectively over FY25 -28E. “With a strong operating performance and reduction in the expected debt, we expect the yield profile to improve significantly in the coming years,” the brokerage firm said. Cummins India | Previous Closing: £ 3,945,15 | Target price: £ 4.500 The brokerage firm emphasized that Cummins India’s power generation business has been seeing broad-based demand regulation since the beginning of 2025. “Strong demand -traction is also seen in industrial and distribution segments. Exports remain strong, especially in data centers and LHP segments in various regions. Europe, Africa and the Middle East see a steady question,” Sharekhan added. The brokerage firm expects 15 percent and 16 percent Cagr’s in turnover and Pat over FY25-27E respectively. Given the domestic demand-surfick due to the acceptance of CPCB-IV emission norms and the gradual recovery in export companies, we maintain a buying rating with a target price of £ 4,500, “the brokerage firm said. Housing and Urban Development Corporation (HUDCO) | Previous Near: Hudco is good-poppy for the mess, is the pit poppose for the mess, is the pit-poppose for the robbed debris, according to the broker, is the pit population for the robbed debris, according to the broker, is the pit position for the robbed pit. Broker, is the pit-posted. Investment opportunity, as the strong prospects limit the disadvantage risk. MOIL | Previous closes increase its production volume to 3.5 million tonnes (from 1.8 million tonnes in FY25) with FY30. Investigation pipes. Decisions, as market conditions can change quickly and conditions can vary.