Wed Oct 22 08:40:00 UTC 2025: Summary:

The Indian stock market saw a positive close to the Muhurat trading session for Diwali 2025. The Sensex and Nifty 50 extended their rally, marking the eighth consecutive positive Muhurat session. InCred Equities has recommended five stocks – Apollo Tyres, Canara Bank, NESCO, Sandur Manganese & Iron Ores, and Premier Explosives – as long-term buys for the next 12 months, citing strong fundamentals and technical analysis. The brokerage has provided specific buying ranges and target prices for each stock.

News Article:

Sensex, Nifty Close Higher in Auspicious Muhurat Trading; InCred Equities Recommends Top Diwali Stock Picks

Mumbai, India – October 21, 2025 – The Indian stock market ended the Muhurat trading session on a positive note Tuesday, continuing its upward momentum. Both the BSE Sensex and NSE Nifty 50 extended their rally for the fifth consecutive session, marking the eighth straight year of gains during the special Diwali trading hour.

The one-hour Muhurat trading, considered auspicious for initiating new investments, saw marginal gains, reflecting continued investor confidence in the Indian economy.

Amidst the festive cheer, leading brokerage firm InCred Equities has released its Diwali stock picks for 2025, recommending five stocks for long-term investment with a 12-month horizon. The firm’s recommendations are based on in-depth fundamental and technical analysis.

InCred Equities’ Diwali portfolio includes:

  • Apollo Tyres: Citing improved debt management and tax benefits, InCred recommends buying in the range of ₹460-500, with a target price of ₹580.
  • Canara Bank: A breakout from a decade-long resistance zone and positive MACD indicators support a ‘Buy’ call in the range of ₹120-130, with a target price of ₹156.
  • NESCO: A multi-year ascending wedge and steady volume underpin the recommendation to buy between ₹1,320 – ₹1,360, targeting ₹1,655.
  • Sandur Manganese & Iron Ores: A major bullish breakout after prolonged consolidation suggests buying in the ₹205 – 225 range, with a target price of ₹280.
  • Premier Explosives: Maintaining a strong uptrend within a rising channel leads to a ‘Buy’ recommendation in the range of ₹630 – 650, with a target price of ₹780.

Disclaimer: Investment in the stock market are risky, and investors are encouraged to consult certified experts before making any investment decisions.

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