
Top Diwali 2026 Muhurat Stocks: Axis Securities Lists 9 Shares for Samvat 2083, Target Prices, Upside and Live Levels
Muhurat trading is on Sunday, 8 Nov 2026, from 2:20 PM to 3:30 PM, with a pre-open session from 2:05 PM to 2:15 PM, according to one broker's guide, and Axis Securities has named nine Muhurat stocks with 12-month targets that imply up to 20% upside from 23 Oct prices. On the 27 Oct close, five of the nine are above their 23 Oct price (my calculation), so the remaining upside to target is smaller for most of them.
Updated: 27 Oct 2026 • 3:48 pm
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Quick Answer
Axis Securities' nine Muhurat stocks for Samvat 2083 are DCB Bank (target Rs 240), Nephrocare Health Services (Rs 710), Indian Hotels (Rs 900), Ashok Leyland (Rs 170), Coforge (Rs 2,245), Eternal (Rs 365), Hindalco (Rs 1,000), APL Apollo Tubes (Rs 2,340) and Elecon Engineering (Rs 500). Axis set the targets on prices of 23 Oct 2026 with a 12-month horizon and a staggered, buy-on-dips approach. Against the 27 Oct close, the remaining upside to target ranges from about 5.7% for APL Apollo Tubes to about 23.1% for DCB Bank (my calculation). This is educational and not a recommendation.
Muhurat stocks are chosen for a one-year view, not for the one-hour Muhurat trading session itself, so the useful question is how much upside is left after prices have moved. This article lists the Axis Securities Muhurat stocks with the live price, the upside to target and the technical reading, then adds the other broker list that was available and the macro triggers Axis names for Samvat 2083.
I could not retrieve Axis Securities' own stop loss levels, and the sources do not give a full risk section for every stock. The Muhurat session date and timings come from a broker guide, so confirm them in the exchange circular. It is educational and not advice.
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Axis Securities Muhurat Stocks: Targets and Upside From Live Prices
| Muhurat stocks: stock | Price on 23 Oct | Axis target (12 months) | Close on 27 Oct | Upside to target from 27 Oct close (my calculation) |
|---|---|---|---|---|
| DCB Bank | Rs 200 | Rs 240 | Rs 194.90 | 23.1% |
| Elecon Engineering | Rs 416 | Rs 500 | Rs 428.35 | 16.7% |
| Coforge | Rs 1,901 | Rs 2,245 | Rs 1,997 | 12.4% |
| Ashok Leyland | Rs 145 | Rs 170 | Rs 142 | 19.7% |
| Hindalco Industries | Rs 870 | Rs 1,000 | Rs 891.20 | 12.2% |
| APL Apollo Tubes | Rs 2,034 | Rs 2,340 | Rs 2,213.90 | 5.7% |
| Eternal | Rs 317 | Rs 365 | Rs 331 | 10.3% |
| Indian Hotels Company | Rs 782 | Rs 900 | Rs 812.85 | 10.7% |
| Nephrocare Health Services | Rs 596 | Rs 710 | Rs 634.60 | 11.9% |
Axis put the upside to its target price at 15% to 20% on 23 Oct prices. Since then APL Apollo Tubes has risen about 8.8%, Nephrocare Health Services about 6.5% and Coforge about 5.1%, which is why their remaining upside is lower. DCB Bank and Ashok Leyland are below their 23 Oct prices, by about 2.6% and 2.1%. These Muhurat stocks therefore start Samvat 2083 from different points.
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Why Axis Securities Likes Each of the Muhurat Stocks
| Muhurat stocks: stock | Reason given | Risk flagged |
|---|---|---|
| DCB Bank | Loan growth of 18% to 20% expected; margin may improve from H2; better loan mix and branch productivity | None stated |
| Elecon Engineering | Order book up 34% to Rs 1,635 crore at Sep 2026; overseas growth; Rs 5,000 crore revenue target by FY2030 | None stated |
| Coforge | Eight large deals in Q2 FY27 including a USD 230 million UK public-sector deal; AI services and a recent acquisition | None stated |
| Ashok Leyland | Replacement demand for old trucks; wider product and dealer network; growth in light commercial vehicles, electric buses and defence | Raw material costs |
| Hindalco Industries | Aluminium and copper capacity expansion, including Aditya Aluminium and Novelis projects | Metal price swings and costs |
| APL Apollo Tubes | Record Q2 FY27 sales of 9.63 lakh tonnes, up 13%; plan for 8 million tonnes capacity by FY28 | None stated |
| Eternal | Blinkit net order value up 79.3% to Rs 20,940 crore in Q2 FY27; store expansion | Little near-term margin gain |
| Indian Hotels Company | 390 hotels, expected to pass 400 by Q3 FY27; cash above Rs 4,300 crore | None stated |
| Nephrocare Health Services | Q2 FY27 revenue up 23.7% to Rs 282 crore; adjusted EBITDA up 30.7% to Rs 65 crore | New centre costs; margin upkeep |
The reasons are business drivers such as orders, capacity and demand, and the risks are mostly cost-related. A summary of the report says the Muhurat stocks are based on Axis's estimates, which may not match actual returns.
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Technical Levels for the Muhurat Stocks
| Muhurat stocks: stock | 14-day RSI | 20-day EMA | SuperTrend (10, 3) |
|---|---|---|---|
| DCB Bank | 43.73 | Rs 203.95 | Buy; lower band Rs 188.88 |
| Elecon Engineering | 45.28 | Rs 447.02 | Sell; upper band Rs 504.76 |
| Coforge | 67.64 | Rs 1,893.90 | Buy; lower band Rs 1,784.36 |
| Ashok Leyland | 27.53 | Rs 147.60 | Buy; lower band Rs 137.64 |
| Hindalco Industries | 37.85 | Rs 905.50 | Buy; lower band Rs 840.30 |
| APL Apollo Tubes | 55.03 | Rs 2,131.93 | Buy; lower band Rs 1,966.87 |
| Eternal | 51.27 | Rs 322.28 | Buy; lower band Rs 297.92 |
| Indian Hotels Company | 72.19 | Rs 751.88 | Buy; lower band Rs 723.23 |
| Nephrocare Health Services | 45.04 | Rs 625.69 | Buy; lower band Rs 566.18 |
Among these Muhurat stocks, Ashok Leyland has the weakest RSI at 27.53, which is in oversold territory, and Indian Hotels has the strongest at 72.19, which is overbought. Elecon Engineering is the only one with a negative SuperTrend signal. These readings describe the trend and are not targets.
Another Broker's Muhurat Stocks for Comparison
| Muhurat stocks: Kotak Neo list | Target | Rating |
|---|---|---|
| Adani Ports | Rs 1,900 | Buy |
| Acutaas Chemical | Rs 1,780 | Buy |
| Cummins | Rs 4,400 | Add |
| Eternal | Rs 375 | Buy |
| ICICI Bank | Rs 1,700 | Buy |
| Mahindra & Mahindra | Rs 4,000 | Buy |
| Reliance Industries | Rs 1,555 | Add |
The Diwali 2026 page that lists these Muhurat stocks says they are quoted as examples and not as a recommendation. Eternal appears in both lists, with a target of Rs 365 from Axis and Rs 375 on this page, so two brokers agree on the direction but not on the number.
What Axis Says Could Drive Samvat 2083
Axis calls Samvat 2082 volatile and correction-heavy and says domestic fundamentals remain resilient. It lists eight triggers for a better Samvat 2083: crude oil stabilising around USD 85 to USD 90 a barrel, interest rates peaking with inflation moderating, a recovery in foreign portfolio flows with a stable rupee, steady earnings growth, an India-US trade agreement, continued government capex, ongoing retail liquidity and inflation cooling toward the RBI's target. If these triggers do not arrive, the Muhurat stocks above lose their support.
Risks and What to Watch Next
- Moved prices. The upside to target has fallen for several Muhurat stocks since 23 Oct, so check live prices before using a target.
- Costs. Raw material costs and metal prices can squeeze Ashok Leyland and Hindalco.
- Macro triggers. Crude, rates and foreign flows must cooperate for the Samvat 2083 outlook to hold.
- Valuation and momentum. Indian Hotels has an RSI of 72.19, which signals a stretched run.
- Targets are opinions. Axis targets are estimates and may not match actual returns.
Conclusion: Use Muhurat Stocks as a Watchlist, Not a Signal
The nine Muhurat stocks from Axis Securities cover banking, IT, autos, metals, hotels, consumer internet, capital goods and healthcare, with a 12-month view and a buy-on-dips approach. Prices have already moved, so the useful step is to compare live upside, results and your own risk profile. Treat them as a watchlist for Samvat 2083 and not as a one-day trade. Verify the filings before acting.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
Which are the Axis Securities Muhurat stocks for Samvat 2083?
Ans. Axis Securities lists DCB Bank, Nephrocare Health Services, Indian Hotels, Ashok Leyland, Coforge, Eternal, Hindalco, APL Apollo Tubes and Elecon Engineering, with 12-month targets of Rs 240, Rs 710, Rs 900, Rs 170, Rs 2,245, Rs 365, Rs 1,000, Rs 2,340 and Rs 500. Prices used by Axis were of 23 Oct 2026.
When is Muhurat trading in 2026?
Ans. One broker's guide lists Sunday, 8 Nov 2026, with the pre-open session from 2:05 PM to 2:15 PM and the normal session from 2:20 PM to 3:30 PM. Confirm the timings in the official exchange circular, since sessions can change.
How much upside do the Muhurat stocks have now?
Ans. Axis quoted upside of 15% to 20% on 23 Oct prices. Using the 27 Oct close, the upside to target is about 23.1% for DCB Bank, 19.7% for Ashok Leyland, 16.7% for Elecon Engineering, 12.4% for Coforge, 12.2% for Hindalco, 11.9% for Nephrocare, 10.7% for Indian Hotels, 10.3% for Eternal and 5.7% for APL Apollo Tubes (my calculation).
Are Muhurat stocks only for the one-hour session?
Ans. No. These Muhurat stocks come with a 12-month horizon and a staggered, buy-on-dips approach, so they are meant as a Samvat 2083 watchlist. The Muhurat session itself is symbolic and short.
What risks do the Muhurat stocks carry?
Ans. Axis flags raw material costs for Ashok Leyland, metal price volatility for Hindalco, little near-term margin gain for Eternal and new centre costs for Nephrocare. Macro risks include crude oil, interest rates and foreign flows. Check company filings before taking any decision.
Which Muhurat stock has the weakest and strongest RSI?
Ans. Ashok Leyland has the weakest 14-day RSI at 27.53, which is oversold, and Indian Hotels has the strongest at 72.19, which is overbought. Elecon Engineering is the only one with a negative SuperTrend signal. These are trend readings and not targets.
Do other brokers have Muhurat stocks too?
Ans. Yes. A Kotak Neo page lists Adani Ports, Acutaas Chemical, Cummins, Eternal, ICICI Bank, Mahindra and Mahindra and Reliance Industries as examples, and says they are not a recommendation. Eternal appears in both lists with targets of Rs 365 and Rs 375.
Is this article investment advice?
Ans. No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.
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