Diwali is around the corner, and Axis Securities is out with its picks for Vikram Samvat 2082. The brokerage has chosen 9 stocks to bet on this Diwali.
Here are the stocks Axis Securities picked for Diwali 2025
Kotak Mahindra Bank
In the banking space, Axis Securities is betting on Kotak Mahindra Bank. Its sharp margin compression visible in Q1 was primarily due to repo rate changes and slower growth in the higher-yielding segments. However, with the 50 bps repo rate cut in June 2025 yet to reflect on the yields, margins will continue to remain under pressure in Q2, added the brokerage house. The brokerage said that deposit growth will mirror credit growth, enabling the bank to maintain a steady LDR between 85-86%. Axis Securities has a target price of Rs 2,500, implying an upside of 17%.
Federal Bank
Another banking pick- The brokerage firm has a target price of Rs 240, implying an upside of 16% for the Federal Bank share price. With term deposits repricing kicking in from the forthcoming quarters, NIMs are expected to improve gradually over H2. The SMA pool and Collection Efficiency in the MFI book have been on an improving trend, possibly indicating that the worst is now behind. The bank has realigned its growth in the retail portfolio and is ready to push for strong growth from H2 onwards.
KEC International
KEC International has a well-diversified and robust order book and an L1 position, providing healthy revenue visibility for the next 18-24 months. Moreover, the government’s emphasis on T&D (Transmission & Distribution), focus on Civil and Urban Infrastructure, bodes well for the company moving forward. The brokerage has a target price of Rs 1,030, an upside of 20%.
Rainbow Children’s Medicare
Axis Securities stated that Rainbow Medicare is well-positioned to deliver healthy growth, supported by strong occupancy trends in mature hospitals, improving contributions from new hospitals, and its focused specialisation in paediatrics and maternity care. The company’s hub-and-spoke model provides scalability, while its asset-light expansion strategy ensures efficient capital deployment. Margin expansion is expected as new hospitals mature and operating leverage strengthens. The brokerage has a target price of Rs 1,625, implying an upside of 23%.
DOMS Industries
DOMS Industries’ growth is supported by its 44-acre greenfield facility, expansion into pens, bags, toys, and diapers, and a distribution push toward 3–3.5 lakh outlets. The FILA partnership adds global reach and R&D strength. The brokerage has a target price of Rs 3,110, looking at an upside of 22%.
Chalet Hotels
Chalet Hotels is well-positioned for sustainable growth, supported by its diversified portfolio and healthy cash flows from commercial assets. The company expects to generate Rs 300 crore from the sale of remaining residential units, which will be deployed towards hospitality and commercial expansion, including the Taj at Delhi Airport, enhancing returns. The brokerage has a target price of Rs 1,120, implying an upside of 19% from current levels.
Minda Corp
Minda Corporation is evolving from a conventional auto component manufacturer into a high-value, technology-driven mobility solutions provider. The outlook remains positive, supported by robust new order wins, a strong order book, and management’s confidence in outperforming industry growth through both organic and inorganic initiatives. The brokerage has a target price of Rs 690, which implies a potential of 19%.
JSW Energy
The company is set to benefit from the growing energy storage space. The company is in the advanced stage of completing the trial runs of its 3,800 TPA green hydrogen project in Vijayanagar. It expects the plant to be commissioned soon. Axis Securities has a target price of Rs 625, implying an upside of 15% from current levels.
Coforge
Coforge is well-positioned for growth, given its multiple long-term contracts with leading global brands. The company maintains a positive outlook, expecting recent deal wins to drive revenue growth. The management remains committed to setting new benchmarks in the evolving industry landscape. The brokerage expects that the company will remain on track to meet its long-term guidance. It has a target price of Rs 1,980, implying an upside of 15% from current levels.