Summary of this article
Geojit Investments’ Muhurat Trading portfolio for 2025 features 12 stocks, including State Bank of India, Infosys, Hindustan Unilever, Maruti Suzuki, Axis Bank, UltraTech Cement, Tata Consumer Products, Hero MotoCorp, Suzlon Energy, Brigade Enterprises, Can Fin Homes, and HG Infra Engineering. The brokerage said the portfolio is built to benefit from India’s domestic growth story, supported by government spending, rising consumption, and steady opportunities across key sectors like banking, IT, FMCG, infrastructure, and real estate.
Diwali is not just a festival of lights and prosperity in India, it also marks a symbolic new beginning in the country’s financial markets. For traders and investors, the Muhurat Trading session on Dalal Street is considered an auspicious start to the new Samvat year, where symbolic first trades are made seeking prosperity for the year ahead.
Muhurat Trading 2025: Date and Time
This year, the Muhurat Trading session will be held on Tuesday, October 21.
The one-hour trading window will be open from 1:45 PM to 2:45 PM, preceded by a pre-open session between 1:30 PM and 1:45 PM. After the session, order modifications will be allowed till 2:55 PM.
While the date is set according to the Hindu lunar calendar, the timing is carefully aligned by exchanges to coincide with the most auspicious hour of the Diwali day. The session, though short, holds immense sentimental and cultural value for the investing community as it marks the beginning of Samvat 2082.
Muhurat Trading Stock Picks 2025
As the markets prepare for this ceremonial hour, Geojit Investments has shared its top 12 Muhurat Trading stock picks for 2025.
According to Geojit Investments, Samvat 2082 is poised to be driven by domestic consumption, fiscal stimulus, and easier monetary conditions.
“The portfolio is designed to capture sustainable domestic growth while avoiding risks from overvalued sectors,” the brokerage said.
State Bank of India (SBI)
India’s largest lender, State Bank of India (SBI), is Geojit’s top banking pick. The brokerage expects SBI’s automation initiatives such as ‘Grahak Mitra’ and its focus on improving branch efficiency to drive profitability. The bank aims to enhance fee income, rationalise operating costs, and maintain strong credit growth across retail, MSME, and corporate segments.
With a comfortable loan-to-deposit ratio and a forward price-to-book (P/B) value of 1.4x, the valuation seems fair, according to the brokerage firm.
Geojit said SBI “remains well-positioned to sustain its growth momentum” as it leverages its strong capital base and efficient digital expansion.
Infosys
Infosys makes it to Geojit’s list as a contrarian play in large-cap IT, with valuations below historical averages.
The company’s Rs 3.8 billion order pipeline, of which 55 per cent are new deals, reflects strong demand for AI-driven services.
“Investments in automation and productivity tools have enhanced delivery and client outcomes,” Geojit noted, adding that Project Maximus and disciplined spending are supporting margin expansion.
At a one-year forward price-to-earnings (P/E) ratio of 22x, Infosys trades at a discount to its five-year average, and the recent buyback “signals management confidence,” the brokerage added.
Hindustan Unilever (HUL)
The FMCG bellwether Hindustan Unilever (HUL) is expected to benefit from its focus on premiumisation and innovation, coupled with improving rural demand.
According to Geojit, “The company’s leadership transition presents an opportunity for sustainable value creation,” supported by a favourable macro environment of tax relief, a good monsoon, and expected pay commission payouts.
At a forward P/E of 52x, HUL trades slightly below its historical multiple, leaving room for further upside as consumption rebounds.
Maruti Suzuki India
Geojit sees Maruti Suzuki as a key beneficiary of India’s consumption revival.
“GST rationalisation has improved affordability,” it said, adding that a pickup in rural incomes and new model launches will drive sales momentum.
The company’s dominance in the sub-1,200cc category, aided by its vast distribution network, gives it a competitive edge.
Trading at 29x FY26 P/E, near its long-term average, Maruti’s strong 31 per cent earnings growth forecast over FY25–27 justifies the valuation, the brokerage said.
Axis Bank
Among universal banks, Axis Bank stands out for its ‘One Axis’ ecosystem, which integrates asset management, broking, insurance, and lending under a single platform, said Geojit.
The lender is also deepening its engagement with India’s growing startup ecosystem through partnerships with VCs and incubators.
Geojit said Axis is its “preferred play among private sector banks,” citing its attractive 1.7x forward P/B valuation and improving profitability metrics.
UltraTech Cement
UltraTech remains Geojit’s top cement pick, driven by capacity expansion, cost optimisation, and integration of recent acquisitions like India Cements and Kesoram.
“As the largest cement player, UltraTech is well-positioned to benefit from the government’s infrastructure and housing push,” the report said.
The stock trades at a forward Enterprise Value-to-EBITDA (EV/EBITDA) ratio of 19x, slightly above its long-term average, factoring in strong earnings growth visibility through FY27.
Tata Consumer Products
Geojit likes Tata Consumer for its diversified portfolio across tea, salt, packaged foods, and new categories such as health and wellness.
Recent acquisitions such as Organic India and Capital Foods are expected to strengthen margins and expand the premium mix.
With projected earnings growth of around 27 per cent CAGR over FY25–27, the stock trades at a forward P/E of 60x, marginally higher than its five-year average but supported by strong brand fundamentals, according to the brokerage firm.
Hero MotoCorp
The brokerage expects Hero MotoCorp to deliver robust growth as it benefits from new product launches, better cost control, and stronger rural financing penetration.
Q2FY26 volumes rose 11 per cent year-on-year, the highest in five quarters.
With a forward P/E of 21x, below peers, and a dividend yield of 3 per cent, Geojit sees scope for valuation re-rating as demand momentum sustains.
Suzlon Energy
Geojit remains upbeat on Suzlon Energy, highlighting its 5.7 GW order book that provides revenue visibility for the next three years.
The brokerage forecasts 43 per cent earnings CAGR through FY27, aided by improving margins and asset turnover.
ROE is expected to touch 27 per cent by FY27, paving the way for a potential re-rating. Trading at 29x one-year forward P/E, Suzlon “remains attractively priced with significant upside potential,” it added.
Brigade Enterprises
Real estate developer Brigade Enterprises reported a 19 per cent year-on-year revenue growth in Q1FY26, driven by higher leasing and hospitality income.
A strong 12.3 million sq. ft. launch pipeline across major cities underpins growth, while the listing of Brigade Hotel Ventures Ltd. enhances shareholder value, the brokerage said.
The stock trades at 23x forward earnings, below its five-year average, making it an appealing real estate play in Geojit’s view.
Can Fin Homes
Supported by its Canara Bank parentage, Can Fin Homes is expanding into semi-urban and developing cities to cater to the affordable housing segment.
With rising disposable incomes and easing interest rates, Geojit expects robust loan demand.
At 1.7x forward P/B and 17 per cent return on equity (ROE), the stock offers “attractive valuation with a sound growth outlook,” the brokerage said.
HG Infra Engineering
The infrastructure firm has an order book of Rs 14,656 crore (2.4x its trailing revenue) and plans to add Rs 11,000 crore more this fiscal, led by National Highway Authority of India (NHAI) tenders.
It also plans to monetise five Hybrid Annuity Model (HAM) projects at an attractive P/B of 1.8x, strengthening its balance sheet.
Revenue is projected to grow 15 per cent annually over FY25–27, with diversification into non-road projects enhancing resilience.
At 10x FY26 earnings, the stock remains undervalued relative to peers, Geojit said.
Stock Market Outlook For Samvat 2082
The Indian government’s recent fiscal measures are expected to set the stage for a strong consumption-led recovery, according to Geojit Investments. The brokerage noted that the 2025 Budget’s Rs 1 lakh crore tax incentives, followed by a sharp cut in Goods and Services Tax (GST) rates are likely to boost disposable incomes among middle- and upper-middle-class households.
In addition, higher infrastructure spending raised to 3.1 per cent of GDP or about Rs 11.21 lakh crore is seen improving living standards across urban and rural areas. The impact of these measures, Geojit said, should begin to materialise from the second half of FY26.
A favourable mix of lower inflation, good monsoons and policy support from the Reserve Bank of India (RBI) is also expected to accelerate domestic momentum. “Beyond rate cuts, the RBI’s initiatives to improve credit flow and streamline operations for banks and NBFCs will further aid financial growth,” the brokerage said.
Geojit also highlighted a contrarian opportunity in large-cap IT stocks, which it said are trading at historically low valuations. Future rate cuts by the US Federal Reserve could spur a rebound in global IT spending, offering what the firm calls a “potential multi-bagger opportunity.”
