Following are Diwali Mahurat picks from different brokers:

Anagram

Anagram Stock Broking, in its Diwali Mahurat trading note, has recommended 7 fundamental stocks where it remains positive over the next 6-12 months and also gives a technical perspective of 5 stocks where it expects good upside potential in the short term.

Fundamental Recommendations

1) C & C Construction - Buy - Target Price: Rs 357
2) Diamond Power Infrastructure - Buy - Target Price: Rs 310
3) Gujarat State Petronet - Buy - Target Price: Rs 144
4) IL&FS Investment Managers - Buy -  Target Price: Rs 65
5) J B Chemicals & Pharmaceuticals - Buy -  Target Price: Rs 156
6) Kajaria Ceramics - Buy -  Target Price: Rs 90
7) Kaveri Seed Company - Buy - Target Price: Rs 450

Technical Recommendations

8) L&T - Accumulate between Rs 2,150-Rs 2,010 - Target Price: Rs 2,675
9) Kotak Mahindra Bank - Accumulate between Rs 490-Rs 460 - Target Price: Rs 630
10) Everonn Education - Accumulate between Rs 660-Rs 600 - Target Price: Rs 865
11) SREI Infra Finance - Accumulate between Rs 135-Rs 120 - Target Price: Rs 180
12) Action Construction Equipment - Accumulate between Rs 64-Rs 60 - Target Price: Rs 81

Sharekhan

Sharekhan has identified a few value picks from our basket of Stock Ideas for you to invest during Mahurat trading. These stocks, it feels, still have value and are likely to do well even from the current levels. One should invest in these stocks with a perspective of a minimum of 1 year.

13) Aditya Birla Nuvo: Target Price - Rs 925
14) BHEL: Target Price - Rs 2,861
15) IL& FS transport: Target Price - Rs 452
16) JB Chemicals: Target Price - Rs 156
17) Indian Hotels: Target Price - Rs 111
18) Punjab National Bank: Target Price - Rs 1,505

Swastika Investment

Swastika Investment has recommended 10 Mahurat Picks on this auspicious occasion of Deepawali. It said that these stocks can be included in one`s portfolio for the time period of 1 year with the expectation of 25%-30% of return.

19) Alok Industries
20) Essar Oil 
21) Eveready Industry 
22) Everonn Education 
23) Goodricke Group
24) India Cements 
25) KSK Energy Ventures 
26) Prakash Industries 
27) PSL 
28) Welspun Corp

ICICI Securities
 
At 20000+ index levels, the broader markets are trading at 18.7x and 16.2x their FY11E and FY12E earnings, respectively. Though the valuations on a FY11E basis have breached the rich valuation zone and market expectations have rolled over the valuations on FY12E earnings. We are in the midst of the Q2FY11 earnings season. Till now, Corporate India has met the expectations of the markets.

29) Dish TV: Target Price - Rs 70
30) IDBI Bank: Target Price - Rs 206
31) IDFC Target: Price - Rs 240
32) Glenmark Pharma: Target Price - Rs 413
33) Maruti Suzuki: Target Price - Rs 1,783
34) RIL: Target Price - Rs 1,260
35) TCS: Target Price - Rs 1,210

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