Finance1 min read

Diwali 2026 Samvat 2083 stock picks: Airtel, ICICI Bank, L&T among 15 shares by Mirae Asset Sharekhan - Full list

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In short

The recommendations feature large-cap industry stalwarts alongside high-growth mid-cap and small-cap opportunities. Core selections are supported by fundamental growth drivers, such as Bharti Airtel expanding its African footprint and domestic average revenue per user. Specific upside potentials range widely from double-digit gains in blue chips to 37% in smaller specialized engineering firms. In the mid-cap space, Welspun Corp is anticipated to increase its earnings per share from ₹60.3 in FY27 to ₹80.2 in FY28.

Key points

  • Infrastructure and consumption growth serve as the primary investment catalysts for the l…: Infrastructure and consumption growth serve as the primary investment catalysts for the large-cap recommendations.
  • Mid-cap opportunities like Welspun Corp are underpinned by strong multi-year corporate ea…: Mid-cap opportunities like Welspun Corp are underpinned by strong multi-year corporate earnings per share expansion.
  • Smaller specialty companies, including Karnataka Bank and VA Tech Wabag, offer substantia…: Smaller specialty companies, including Karnataka Bank and VA Tech Wabag, offer substantial projected upsides of 33 percent each.

Sources checked by our analysis pipeline: 1

As investors look for opportunities in the new Samvat year, Mirae Asset Sharekhan has identified 15 stocks across large-cap, mid-cap and small-cap segments that it believes could deliver attractive returns. The list spans sectors as diverse as banking, telecom, engineering, cement, hotels, consumer goods and water infrastructure, offering investors a mix of established businesses and emerging growth opportunities.

The brokerage's picks include familiar market heavyweights such as Bharti Airtel, ICICI Bank and Larsen & Toubro, alongside smaller companies such as DEE Development Engineers, Karnataka Bank and VA Tech Wabag.

The potential upside varies considerably across the basket. DEE Development Engineers leads with an indicated upside of 37%, followed by Karnataka Bank and VA Tech Wabag at 33% each, based on the brokerage's target prices. Navin Fluorine International, meanwhile, has the lowest indicated upside at 12%.

Here is a closer look at the 15 stocks Mirae Asset Sharekhan has picked for Samvat 2083 and the investment rationale behind each.

The large-cap basket brings together companies with established market positions and opportunities to grow through higher consumption, infrastructure spending and expanding demand.

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