The traditional one-hour Muhurat trading session held during Diwali marks the ceremonial commencement of a new Hindu accounting year, Samvat. Equity investors and market participants across the country hold this special trading window in high regard, using the occasion to take fresh, high-conviction positions in resilient companies. For market participants refining their prospective stock choices for the occasion, domestic brokerage firm ICICI Securities has highlighted five fundamentally robust companies that present clear operational strengths and high growth potential for the upcoming year.
Venus Pipes Expands Into High Value Industrial Verticals
Venus Pipes and Tubes, a prominent manufacturer of stainless steel pipes and tubes, emerges as a prime candidate for long-term equity allocation during this trading window. The company commands an estimated 10 percent share of the domestic market within the specialized seamless pipe segment. It operates with an aggregate manufacturing capacity of 48,000 tonnes, positioning it comfortably to serve high-volume demand.
Beyond standard industrial piping, the enterprise is deliberately diversifying toward higher-margin technical applications, including data center infrastructure, semiconductor manufacturing units, and nuclear power installations. This strategic move recently gained commercial validation through a ₹185 crore letter of intent (LOI) secured from a leading data center firm. Supported by this structural pivot, ICICI Securities has pegged a target price of ₹2,340 for Venus Pipes, which indicates an upside potential of 34 percent from its trading level.
Neogen Chemicals Bets on Electric Mobility and Materials
Specialty chemicals player Neogen Chemicals stands out as another top investment recommendation. Known for its expertise in bromine and lithium-based chemistry, the company serves as an essential intermediate supplier for pharmaceutical formulation, agrochemical manufacturing, and electric vehicle battery components. As global battery supply chains evolve, the firm is preparing to capture a substantial share of advanced energy storage material demand.
In a capital-intensive initiative, Neogen Chemicals is collaborating with Japanese industrial powerhouses Mitsubishi and Morita to execute a ₹1,795 crore expenditure program aimed at manufacturing lithium battery materials. To partially fund these strategic commitments and optimize capital structure, the business recently raised ₹600 crore through a Qualified Institutional Placement (QIP). Factoring in these expansion initiatives, the brokerage firm has instituted a target price of ₹2,765 on Neogen Chemicals, representing a 32 percent premium over its current market value.
Info Edge Retains Dominance via Tech Innovation
Internet platform operator Info Edge continues to exhibit operational resilience despite macroeconomic softness and conservative hiring trends across the domestic technology sector. The company's primary employment engine, Naukri, expanded its top-line revenue by 13.7 percent during FY26, while recruitment billings witnessed a healthy 14.9 percent growth in the first half of FY27.
Management has aggressively integrated artificial intelligence algorithms across its service architecture, boosting platform search matching and candidate delivery. This deep technological moat ensures that the company maintains its leadership position in online recruitment. ICICI Securities maintains high conviction on the counter, outlining a target price of ₹1,530 per share on the expectation of sustained marketplace predominance.
Ethos Leverages Burgeoning Demand for Luxury Goods
Ethos, India's foremost luxury watch retailer, is uniquely positioned to benefit from the ongoing premiumization trend among affluent consumers. Operating a nationwide retail network comprising 102 premium boutiques, the brand markets and distributes timepieces from over 85 international luxury labels. Pricing power has remained exceptional, with the company's average selling price (ASP) compounding at an annual rate of 16 percent between FY21 and FY26.
Projections indicate that the company's revenues will compound at an annual rate of 27 percent from FY26 through FY29. Considering its near-monopoly footprint in authorized high-end timepiece retail, ICICI Securities has set a target valuation of ₹3,180 for the stock.
Apollo Micro Systems Gains Ground on Indigenous Defence Demand
Specializing in the development and manufacture of defense electronics and advanced missile sub-systems, Apollo Micro Systems stands as a key contributor to India's strategic indigenization drive. The enterprise maintains an internal repository of more than 700 proprietary technologies and actively supplies subsystems to over 150 domestic defense initiatives.
The company demonstrated strong operational acceleration in FY26, posting a 61 percent year-on-year surge in revenue. Supporting this revenue trajectory is a strong order pipeline that stood at ₹1,765 crore as of September 2026. Taking into account the robust domestic defence capital outlays and sustained project execution, the brokerage has assigned a target price of ₹485 for Apollo Micro Systems.
