{
  "type": "article",
  "title": "Five High Potential Stocks With Strong Upside Targets For Diwali Muhurat Trading",
  "summary": "Ahead of the auspicious one-hour Diwali Muhurat trading session, ICICI Securities has recommended five fundamentally resilient stocks with attractive upside targets for the new Samvat.",
  "content": "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.\n\nVenus Pipes Expands Into High Value Industrial Verticals\nVenus 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.\n\nBeyond 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.\n\nNeogen Chemicals Bets on Electric Mobility and Materials\nSpecialty 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.\n\nIn 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.\n\nInfo Edge Retains Dominance via Tech Innovation\nInternet 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.\n\nManagement 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.\n\nEthos Leverages Burgeoning Demand for Luxury Goods\nEthos, 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.\n\nProjections 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.\n\nApollo Micro Systems Gains Ground on Indigenous Defence Demand\nSpecializing 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.\n\nThe 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.\n\nWhat this means for you\nFor retail investors and market participants planning allocations during the special Diwali trading window, these recommendations offer clear portfolio considerations.\n\n• Sectoral Diversification: The proposed stocks span varied sectors including precision piping, advanced chemicals, defense hardware, digital employment, and premium retail. This structure enables investors to distribute their capital across high-conviction themes rather than concentrating risk in a single sector.\n• Substantial Upside Visibility: Names like Venus Pipes and Neogen Chemicals present projected upside targets ranging between 32 and 34 percent. Investors adopting a multi-quarter holding strategy can use these projections to assess risk-reward ratios for the upcoming Samvat year.\n• Underlying Fundamental Strength: All identified businesses carry visible order books, long-term capital deployment plans, and competitive industry standings. Companies backed by verifiable order visibility generally navigate broader market corrections with greater resilience.\n• Disciplined Session Execution: Because Muhurat trading is restricted to a single one-hour window, prior preparation is critical. Retail market participants should preset their order tickets and capital limits beforehand to avoid hurried executions.\n\nWhy this happened\nICICI Securities identified these five companies due to their distinct competitive moats, solid order books, and strategic expansion into emerging industries.\n\n• Expansion into Modern Verticals: Venus Pipes successfully diversified from conventional piping into specialized data center and nuclear infrastructure, recently converting that capability into a ₹185 crore letter of intent.\n• Strategic Alliances and Capex: Neogen Chemicals teamed up with Japanese industrial leaders Mitsubishi and Morita for a ₹1,795 crore lithium battery material project, backed by a fresh ₹600 crore institutional placement.\n• Secular Consumer and Tech Tailwinds: Rising discretionary wealth powered a 16 percent average selling price growth for Ethos, while Info Edge leveraged artificial intelligence integration to achieve healthy billing gains despite broader tech hiring softness.\n• Defence Indigenization Inflows: Domestic procurement mandates drove a 61 percent revenue surge for Apollo Micro Systems in FY26, supporting a confirmed order backlog of ₹1,765 crore as of September 2026.\n\nQuestions & Answers\n\n1. What is Muhurat Trading and why is it conducted?\nMuhurat Trading is a special one-hour equity trading session conducted on Diwali evening to mark the beginning of the new Hindu calendar year, Samvat.\n\n2. What target price has been set for Venus Pipes and Tubes?\nICICI Securities has set a target price of ₹2,340 for Venus Pipes, representing a potential upside of approximately 34 percent.\n\n3. What are the major expansion plans for Neogen Chemicals?\nThe firm is deploying ₹1,795 crore alongside Mitsubishi and Morita for lithium battery materials, having recently raised ₹600 crore through a QIP.\n\n4. What is the order book value of Apollo Micro Systems?\nApollo Micro Systems held an order backlog of ₹1,765 crore as of September 2026, following a 61 percent revenue growth in FY26.\n\n5. What is the forward outlook and price target for Ethos?\nThe brokerage projected a 27 percent revenue CAGR for Ethos from FY26 to FY29 and assigned a target price of ₹3,180 per share.",
  "url": "https://trendkia.com/en/market/diwali-para-muhurat-trading-men-danva-lagane-ke-lie-pancha-damadara-knpaniyon-ke-sheyara-aura-unake-snbhavita-lakshya-57868",
  "category": "Market",
  "publishedAt": "2026-11-08",
  "tags": [
    "Muhurat Trading",
    "Stock Market",
    "ICICI Securities",
    "Diwali Stock Picks",
    "Venus Pipes",
    "Neogen Chemicals",
    "Indian Equities"
  ],
  "language": "en",
  "site": "TrendKia",
  "whatItMeansForYou": "For retail investors and market participants planning allocations during the special Diwali trading window, these recommendations offer clear portfolio considerations.\n\n• Sectoral Diversification: The proposed stocks span varied sectors including precision piping, advanced chemicals, defense hardware, digital employment, and premium retail. This structure enables investors to distribute their capital across high-conviction themes rather than concentrating risk in a single sector.\n• Substantial Upside Visibility: Names like Venus Pipes and Neogen Chemicals present projected upside targets ranging between 32 and 34 percent. Investors adopting a multi-quarter holding strategy can use these projections to assess risk-reward ratios for the upcoming Samvat year.\n• Underlying Fundamental Strength: All identified businesses carry visible order books, long-term capital deployment plans, and competitive industry standings. Companies backed by verifiable order visibility generally navigate broader market corrections with greater resilience.\n• Disciplined Session Execution: Because Muhurat trading is restricted to a single one-hour window, prior preparation is critical. Retail market participants should preset their order tickets and capital limits beforehand to avoid hurried executions.",
  "whyItHappened": "ICICI Securities identified these five companies due to their distinct competitive moats, solid order books, and strategic expansion into emerging industries.\n\n• Expansion into Modern Verticals: Venus Pipes successfully diversified from conventional piping into specialized data center and nuclear infrastructure, recently converting that capability into a ₹185 crore letter of intent.\n• Strategic Alliances and Capex: Neogen Chemicals teamed up with Japanese industrial leaders Mitsubishi and Morita for a ₹1,795 crore lithium battery material project, backed by a fresh ₹600 crore institutional placement.\n• Secular Consumer and Tech Tailwinds: Rising discretionary wealth powered a 16 percent average selling price growth for Ethos, while Info Edge leveraged artificial intelligence integration to achieve healthy billing gains despite broader tech hiring softness.\n• Defence Indigenization Inflows: Domestic procurement mandates drove a 61 percent revenue surge for Apollo Micro Systems in FY26, supporting a confirmed order backlog of ₹1,765 crore as of September 2026.",
  "questionsAndAnswers": [
    {
      "question": "What is Muhurat Trading and why is it conducted?",
      "answer": "Muhurat Trading is a special one-hour equity trading session conducted on Diwali evening to mark the beginning of the new Hindu calendar year, Samvat."
    },
    {
      "question": "What target price has been set for Venus Pipes and Tubes?",
      "answer": "ICICI Securities has set a target price of ₹2,340 for Venus Pipes, representing a potential upside of approximately 34 percent."
    },
    {
      "question": "What are the major expansion plans for Neogen Chemicals?",
      "answer": "The firm is deploying ₹1,795 crore alongside Mitsubishi and Morita for lithium battery materials, having recently raised ₹600 crore through a QIP."
    },
    {
      "question": "What is the order book value of Apollo Micro Systems?",
      "answer": "Apollo Micro Systems held an order backlog of ₹1,765 crore as of September 2026, following a 61 percent revenue growth in FY26."
    },
    {
      "question": "What is the forward outlook and price target for Ethos?",
      "answer": "The brokerage projected a 27 percent revenue CAGR for Ethos from FY26 to FY29 and assigned a target price of ₹3,180 per share."
    }
  ]
}