Religare Broking’s Picks 2025 for Diwali Muhurat trading has put the spotlight on five stocks it expects to outperform in the coming Samvat year. The brokerage projects gains of up to 26.6% across its top recommendations Reliance Industries, HDFC Life Insurance, Power Finance Corporation, Mahindra & Mahindra Financial Services, and Nuvoco Vistas supported by India’s domestic demand recovery, rising digital adoption, and renewed investment in energy and infrastructure.

The report, released ahead of the Muhurat trading session marking the start of Samvat 2082, signals a confident stance on India’s multi-year growth story. It attributes the optimism to continued capex momentum, policy stability, and improving profitability across core sectors.

Religare Broking on Reliance Industries: ‘Buy’

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