Samvat 2083 stock Muhurat Trading 2026 Stocks to Buy: HFCL, Varun Beverages, Greaves Cotton - List by Centrum for Diwali
Diwali 2026 stocks to buy: With Samvat 2083 set to begin on Diwali 2026, investors will be looking for stocks that can deliver returns amid changing market conditions, improving corporate earnings and evolving sectoral opportunities.
After a volatile Samvat 2082, valuations across several segments of the Indian equity market have corrected, creating opportunities for investors to identify companies with strong business prospects and the potential to deliver sustained growth.
In its Diwali picks for Samvat 2083, Centrum Finverse Research has identified five fundamental stocks across sectors, including telecom equipment, power generation equipment, food products, FMCG and business process management (BPM).
The brokerage has recommended HFCL, Greaves Cotton, Manorama Industries, Inventurus Knowledge Solutions and Varun Beverages, with projected upside potential ranging from 20% to 32% from their respective prevailing market prices.
Centrum's top pick is HFCL, which it believes is well positioned to benefit from rising demand for optical fibre and connectivity solutions amid the rapid expansion of AI data centres and hyperscale cloud infrastructure.
The brokerage highlighted the company's strong order book of approximately ₹29,000 crore, equivalent to around 5.4 times FY26 revenue, providing multi-year revenue visibility. Its USD 1.1 billion long-term supply agreement with a global hyperscaler further strengthens the outlook. Capacity expansion in optical fibre and optical fibre cables, alongside growing exports, higher-margin products and defence technology opportunities, is expected to support future growth.
2. Manorama Industries: Target price ₹2,230, upside potential 22%
Centrum sees growth potential in Manorama Industries, supported by its specialty fats and cocoa butter alternatives business.
The brokerage highlighted the company's ₹460 crore capacity expansion programme over the next two to three years, covering additional refining, fractionation and processing capacities.
Forward integration into cocoa butter alternatives and a manufacturing facility in Burkina Faso are expected to improve value addition and operational efficiency. Increasing sales of premium products, an established sourcing network across India and West Africa, and long-standing relationships with multinational customers are also expected to support revenue growth and margin expansion.
3. Inventurus Knowledge Solutions: Target price ₹2,100, upside potential 22%
Centrum sees significant growth opportunities for Inventurus Knowledge Solutions (IKS) in the US healthcare outsourcing market, estimated at USD 260 billion, of which only around $35 billion has been outsourced.
Rising healthcare costs, physician shortages and increasing compliance requirements could accelerate outsourcing adoption. The acquisitions of Aquity and TruBridge have expanded IKS' addressable market, clinical documentation capabilities and access to rural hospitals. The brokerage also highlighted the company's growing use of AI in medical documentation, coding and revenue-cycle management, which could improve productivity, strengthen client relationships and support sustained earnings growth.
4. Greaves Cotton: Target price ₹250, upside potential 21%
Centrum's investment rationale for Greaves Cotton centres on the growth potential of its Energy Solutions business, which reported 36% year-on-year growth in Q2 FY27, supported by demand for gensets, particularly from infrastructure and data centres.
The brokerage expects aftermarket services and annual maintenance contracts, backed by an installed base of over 100,000 gensets, to provide recurring revenue and improve margins. It also sees a turnaround opportunity in Greaves Electric Mobility. Management's focus on exports, industrialisation and distribution expansion further supports the company's growth outlook. Centrum Finverse
5. Varun Beverages: Target price ₹475, upside potential 20%
Centrum expects Varun Beverages to benefit from India's relatively low per-capita carbonated soft drink consumption of around 7 litres, compared with the global average of 31 litres, offering considerable room for growth.
Rising disposable incomes, urbanisation, deeper rural penetration and improving cold-chain infrastructure are expected to drive volumes. The brokerage also highlighted the company's distribution network spanning over 4 million outlets and its backward integration capabilities. Premiumisation through energy drinks, sports drinks, zero-sugar beverages and functional drinks, alongside international expansion, particularly in African markets, is expected to support revenue growth and profitability.
Pranati Deva is a seasoned financial journalist with over a decade of experience in high-pressure newsroom environments, currently working as a Senior Sub Editor at LiveMint. Over the years, she has developed a reputation for sharp editorial judgement, a strong grasp of market dynamics, and the ability to translate complex financial developments into clear, engaging stories for a wide audience. <br><br> Her core areas of coverage include stock markets, leading listed companies, currencies, and commodities, with a particular strength in fast-paced, real-time market reporting. She is known for handling breaking market news, earnings-driven stock movements, and macroeconomic developments with speed, accuracy, and context—qualities that are essential in financial journalism. <br><br> Pranati has built a diverse and credible professional track record across some of India’s most respected news organisations, including MintGenie, CNBC-TV18, Business Standard and EconomicTimes.com. During her stints at these platforms, she produced data-driven market stories, curated and steered live blogs during volatile trading sessions, and conducted interviews with market veterans, fund managers, economists, and industry experts. Her work often combines on-ground reporting with analytical depth, helping readers make sense of daily market fluctuations and longer-term trends. An alumnus of the Symbiosis Institute of Media and Communications and Hansraj College, University of Delhi, Pranati brings a strong academic foundation to her journalism. She specialises in real-time financial reporting, with a keen focus on precision, balance, and insight, aiming to decode market movements in a way that is both informative and accessible to readers across experience levels.
Get Latest real-time updates
Catch all the Business News , Market News , Breaking News Events, JIO IPO Listing Today LIVE and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
HomeMarketsStock MarketsSamvat 2083 stock Muhurat Trading 2026 Stocks to Buy: HFCL, Varun Beverages, Greaves Cotton - List by Centrum for Diwali
✕
Wait for it…
Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.