Diwali Stock Picks 2025: A growing exchange, promising ancillary play and logistics firework

Anand Rathi's top bets for Samvat 2082

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26 Aug, 2025 12:21

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As Dalal Street ushers in a new Samvat, investors will hope for a better year for Nifty 50 than the 4 percent return since Diwali 2024.

While the IPO market has started to sizzle with large listings and precious metals shining bright, experts believe select names from the broader market may join the party, riding on GST relief and reviving consumer demand.

Midcaps May Lead Samvat 2082

For investors looking to rejig their portfolios for the new Samvat, Narendra Solanki, Head of Fundamental Research (Investment Services) at Anand Rathi has recommended a balanced tilt with greater allocation to midcaps and domestic-focused businesses.

“We’re positive on autos, hospitals, and electronics manufacturing - sectors linked closely to India’s domestic growth story,” said Narendra Solanki.

Here are his top three Dhamakedar Diwali Picks for Samvat 2082.

BSE: The Capital Market Firecracker

Solanki’s first festive pick - BSE - has delivered over 50% returns in the past one year, and given the expectations of a expanded derivatives segment and momentum in the primary market, the stock exchange is poised for renewed momentum.

“In terms of capital-raising platform-based fees, you can clearly see the kind of IPO market we are having right now. The rebound in the second half of this financial year has been strong, both in the main board and SME space. BSE has been a leading exchange, achieving more than 600 SME listings. So primary market capital raising has been really robust,” said Solanki.

For BSE, easing of regulatory overhangs may allow for higher participation in the derivatives segment.

“Recently we have seen some news regarding weekly expiry. That has been one of the key headwinds for the stock. With Sebi turning more lenient, we assume derivatives would again start to show growth from the next quarter,” Solanki said.

Solanki added that Sebi has supported a deeper market with relaxed regulation for exchanges. “If you look at Sebi’s historical actions and commentary, it has been supportive, focusing on market participation and depth. So, I don’t see anything structurally negative for BSE on the regulatory front.”

Considering these tailwinds, Solanki believes BSE is well-positioned for the next 2–3 years with a target of Rs 2,800, making it a potential long-term bet in the portfolio.

Also Read: Dhamakedar Diwali Stocks: Gaurang Shah’s top bets to add sparkle to your portfolio in Samvat 2082

Fiem Industries: A Bright Spark in Auto Ancillaries

Solanki’s next Dhamakedar pick comes from the auto ancillary space, Fiem Industries, which a leading player in automotive lighting solutions.

The company supplies to two-wheelers, passenger vehicles and EV makers, and is expanding the LED portfolio along with increased content per vehicle. A new Rs 100 crore capex is expected to drive growth in FY26 and beyond.

“We see Fiem’s steady shift from two-wheelers to passenger vehicles improving margins and valuations,” Solanki said. “At around 16–17x FY27 earnings, the stock remains attractively priced.”

With automotive demand showing revival after the GST rate cut and strong festive sales, Fiem Industries could be a key beneficiary.

Also Read: India's equity market poised for a stronger Samvat 2082 on earnings revival

BlackBuck – Driving the Next Wave of Logistics Growth

A digital twist to the festive fireworks, BlackBuck (Zinka Logistics) – a tech-driven logistics platform for India’s trucking ecosystem - is another one of Solanki's top stock ideas.

The company’s asset-light model and rapid digitisation push are unlocking massive operating leverage. As user addition grows and government boosts tech adoption in tolling and logistics, BlackBuck’s profitability runway looks long and bright.

“This is a high-growth, high-operating-leverage story,” said Solanki, adding that the asset-light model ensures incremental revenue quickly flows to the bottomline.

Despite a 170% surge in the last one year, Solanki is bullish on the stock’s medium-to-long-term potential, calling it a play on India’s digital logistics transformation.

With India’s growth revving up, Solanki’s three Dhamakedar Diwali picks - BSE, Fiem Industries and BlackBuck - may brighten your portfolio this festive season.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.