As Indian markets prepare to enter Samvat 2082, Prabhudas Lilladher has released its Diwali 2025 stock picks, identifying 9 stocks with ‘Buy’ recommendations across large caps, midcap, and thematic segments.
Prabhudas Lilladher’s basket focusses on blue-chip consistency and balance sheet resilience.
Prabhudas Lilladher: large-cap quality with institutional confidence
Prabhudas Lilladher’s Diwali Picks 2025 leans toward large-cap names across banking, FMCG, defence, and healthcare. The brokerage said its recommendations reflect “earnings stability and valuation comfort” amid ongoing volatility.
Prabhudas Lilladher on Hindustan Aeronautics: ‘Buy’
Prabhudas Lilladher has set a target price at Rs 5,500 foe HAL implying upside of 15.9%. According to PL, HAL remains at the forefront of India’s defence modernisation, backed by an order book exceeding Rs 95,000 crore. The brokerage expects revenue momentum to remain firm, with execution improving across fixed-wing and helicopter divisions.
Prabhudas Lilladher on ICICI Bank: ‘Buy’
For ICICI Bank, Prabhudas Lilladher has given a target price at Rs 1,730, upside of 25.4%. PL said steady retail and SME lending growth, combined with controlled provisions, is driving sustainable ROEs. The brokerage added that ICICI Bank’s digital ecosystem and robust capital base make it a structural compounder among private lenders.
Prabhudas Lilladher on ITC: ‘Buy’
For ITC, the next Prabhudas Lilladher pick, the target price is Rs 530 with an upside of 32.8%. PL Capital noted ITC’s FMCG portfolio expansion, strong hotel performance, and stable cigarette margins as key growth pillars. The report said diversification and cash flow generation provide long-term valuation support.
Prabhudas Lilladher on State Bank of India: ‘Buy’
Prabhudas Lilladher’s target price for SBI is at Rs 960, implying upside of 8.7%. PL said loan growth remains healthy across retail and corporate segments, supported by improved asset quality and stable net interest margins. It expects steady credit demand and benign credit costs to sustain double-digit earnings growth.
Prabhudas Lilladher on Apollo Hospitals: ‘Buy’
Prabhudas Lilladher has a target price of Rs 9,300 per share for Apollo Hospital. This implies an upside of 18%.. The company continues to see healthy occupancy and patient footfalls, while its diagnostics and digital platform, Apollo 24/7, are scaling faster than expected. The brokerage added that cost discipline and improving payor mix are likely to expand margins through FY26.
Prabhudas Lilladher on Britannia Industries: ‘Buy’
Britannia Industries is the next pick for Prabhudas Lilladher. They have a target price of Rs 6,484, implying an upside of 10.5%. The brokerage said innovation, cost rationalization, and revival in rural demand are driving volume recovery. PL expects input price stability to support margins, while new product launches strengthen the premium segment mix.
Prabhudas Lilladher on DOMS Industries: ‘Buy’
The Target price for DOMS Industries has been set at Rs 3,085 signalling upside of 22%. Prabhudas Lilladher explained that the stationery manufacturer continues to gain market share through strong brand recall and expanding distribution. PL expects the company’s backward integration and new product lines to enhance margins.
Prabhudas Lilladher on Eris Lifesciences: ‘Buy’
Target price at Rs 1,975, upside of 22.7%. PL said Eris’ chronic therapy focus and cost discipline make it one of the more stable midcap pharma names. The brokerage noted that increased doctor coverage and portfolio expansion will sustain high-teens earnings growth.
Prabhudas Lilladher on KEI Industries: ‘Buy’
Target price at Rs 4,946, upside of 14.7%. PL said strong demand from infrastructure, real estate, and exports supports revenue growth visibility. The brokerage expects product mix improvement toward higher-voltage cables to lift margins.
