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Business & Stocks Economic Times Markets • Nov 02, 2026

Diwali Muhurat Picks 2026: Swiggy Among Six Stocks Identified with Up to 116% Upside Potential by SMIFS

💡 Key Takeaways

•SMIFS identifies six BUY-rated stocks for Diwali Muhurat 2026 with 20% to 116% upside potential.
•Swiggy features prominently in the seasonal portfolio following attractive valuation corrections.
•Target prices are anchored on fundamental earnings growth, margin expansion, and P/E ratio normalization.

NEW DELHI [NCRBuzz Wire] — **Equity research and brokerage firm SMIFS has unveiled its high-conviction Diwali Muhurat Picks for 2026, identifying six prominent stocks with projected upside potential ranging between 20% and 116%.** This strategic portfolio release follows a broader market correction that significantly compressed price-to-earnings multiples, creating entry points across key economic sectors for retail and institutional investors. Quantitative analysts note that seasonal equity buying during the Hindu calendar Samvat transition has historically provided resilient performance metrics despite macroeconomic headwinds.

### Financial Metrics & Target Allocations

**The curated portfolio spans diverse industries, anchoring on fundamental earnings growth, debt-to-equity ratios, and projected compound annual growth rates (CAGR).** Prominent among the selections is Swiggy, alongside five other fundamentally robust equities evaluated under stringent quantitative models by SMIFS research desks.

### Market Dynamics and Valuation Analysis

**The underlying rationale for these bullish target prices stems from improved margin profiles and expanding operational efficiencies across the shortlisted corporations.** Financial editors emphasize that while macroeconomic variables such as central bank interest rate trajectories and foreign institutional investor (FII) capital flows dictate near-term volatility, fundamental bottom-up earnings remain the primary driver for multi-fold upside realization through Samvat 2083.

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🏛️ Background Context

Diwali Muhurat trading is a symbolic and auspicious one-hour trading session conducted by Indian stock exchanges (BSE and NSE) during the Hindu festival of Diwali, historically marking the beginning of Samvat (the Hindu financial year) and traditionally viewed by retail investors as an ideal occasion for long-term equity allocations.

💡 Citizen & Commuter Quick Explainer (FAQ)

Q1: What is Diwali Muhurat trading?

It is a symbolic one-hour trading session conducted by Indian stock exchanges (BSE and NSE) to mark the beginning of Samvat, the Hindu financial year.

Q2: Which prominent company features in SMIFS's 2026 Muhurat picks?

Online food delivery and quick-commerce platform Swiggy features prominently among the six BUY-rated stocks identified by SMIFS.

Q3: What is the projected upside range for the shortlisted stocks?

The brokerage firm projects a potential upside ranging from 20% to 116% across the six shortlisted equities.

Verified Wires: Economic Times Markets, SMIFS Equity Research, Google News Business, Livemint Markets & Economy Original Wire Dispatch ↗

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