Diwali 2016 – Samvat 2072 was an average year for the stock market investors. The BSE Sensex and Nifty have given 8% return in Samvat 2072 (Diwali to Diwali). This year, Diwali falls on 30th October, 2016 (Sunday). Muhurat trading will be held on the same day between 6:30 PM to 7:30 PM. Muhurat Trading is an auspicious time to buy stocks for the investment. If you are planning to buy stocks on Muhurat trading I have something interesting for you. I am here with 10 Best stocks to buy on Muhurat trading. These stocks are recommended by leading brokerage house HDFC, ICICI and Angle Broking.
Diwali 2016 – 10 Best Stocks to buy on Muhurat trading
HDFC Securities has released a report called as enrich your portfolio with diwali picks. The stock mentioned in this report is given below.
Kotak Mahindra Bank
Kotak Mahindra is first muhurat trading stock suggested by HDFC. It is leading private sector bank of India. Kotak Mahindra is in the core business of lending. Kotak Mahindra has high spread and well-defined loan mix portfolio. In addition to loan business, Kotak is well positioned in asset management and insurance business. PAT of Kotak Mahindra has grown by reasonable level compared to last year.The CMP of this share is Rs.780. It is recommended to invest in this stock with target price of Rs.854.
Lupin is next recommended stocks to buy on Muhurat trading. Lupin has corrected 25-28% from its peak level. Lupin has a lot of new products in the pipeline for the US market. Sustainable cash flow and better profitability are plus points for the Lupin. The stock is available at a reasonable valuation. The CMP of stock is Rs.1500. The target price for this stock is Rs.2050.
MOIL is mini ratna state own manganese ore mining company. MOIL is one of the largest ore producing company with 50% market share in India. MOIL is also one of the lowest cost manganese ore producers in the world. Looking at favorable outlook it is recommended to invest in MOIL with a target price of Rs.354.
Reliance Industries is next stock suggested by HDFC securities for mhurat trading. Reliance is largest private sector company operating across petrochemical, refining, retail and telecom. The company is recently started new telecom and data business Jio with latest 4G LTE technology. The success of this business will lead to a lot of profit and revenue generation for Reliance. HDFC securities is bullish on the Reliance Industries and they recommend to invest in the stock with the target price of Rs.1225.
In addition to above HDFC securities has also recommended stocks such as Bharat Electronics, India Cements, Bajaj Electricals and Force Motors.
You can read Full Report on Diwali 2016 Muhurat Pick by HDFC from here.
Leading brokerage house ICICI direct has also released Diwali 2016 Stocks for Samvat 2073. The details are given below.
Exide Industries is first stock pick by ICICI direct. Exide is a leading name in automotive battery market in India. Exide is well placed to cater to upcoming automotive demand. Exide has also entered in the Insurance market. Looking at upcoming demand this stock is likely to perform well. It is recommended to buy this stock with target price of Rs.240.
India Cement is next stock pick for Diwali. It is a leading cement manufacturer from India. Upcoming smart city project and infrastructure boom will defiantly give a direct boost to this stock. Increase in operating margin and the profit margin is positive indication for this stock. You can invest in this stock with target price of Rs.190.
Jubilant Life Science
Jubilant Life Science operates in pharma and life science sector. The pharma business is expected to grow at 17% CAGR in next 3 years. The radiopharma segment in which company operates is also growing rapidly. It is expected that Jubilant Life Science will do well in future. You can invest in the stock with target price of Rs.795.
The additional stocks that are recommended by ICICI direct on Diwali 2016 are HDFC Bank, MRPL, Philips Carbon Black and Tech Mahindra.
You can read Full Report on Diwali 2016 Muhurat Pick by ICICI Direct from here.
Angel Broking leading brokerage house of India has suggested 16 Top stocks on the occasion of Diwali 2016. Let’s take a look at stocks suggested by Angel Broking.
Amara Raja is a first diwali stock pick by Angel Broking research team. Amara Raja Batteries is second largest battery manufacturer of India. The current market share of Amara Raja is 35% which is expected to increase with growth in the automobile sector. Apart from automotive sector Amara Raja also operates in the industrial sector. Strong customer base and growth in demand are plus points for this stock. It is recommended to invest in this stock with target price of Rs.235.
Asian Granito deals in ceramic and vitrified tiles. Asian Granito has recently launched various products in the premium segment. They have recently acquired Artistique Ceramic which will improve the base of the company in the market. This stock is expected to perform better in future. Angel Broking is advising to invest in this stock with target price of Rs.351.
Bajaj Electricals is next Mhurat Pick by Angle Broking on Diwali 2016. Bajaj Electricals topmost player in the consumer durable electrical market. The strong customer reach via distributor and retailer is plus point of Bajaj Electricals. Bajaj Electrical is also in the business of Engineering & Planning. The order book of the company is Rs.2480 Cr. Angel Broking recommend to invest in the stock with target price of Rs.306.
In addition to above other stocks recommended by Angel Broking are Axis Bank,Dewan Housing, Equitas Holdings, Blue Star, Mirza International, Siyaram Silk Mills, HCL Tech, Infosys, Jagran Prakashan, TV Today, BEL, Mahindra Lifespace & Navkar Corp.
You can read Full Report on Diwali 2016 Muhurat Pick by Angel Broking from here.
Over to You –
Do you think above stocks are the best stocks to buy on muhurat trading ?
Do share your views in the comment section.
Wishing you all a Happy Diwali and Prosperous New Year
May this auspicious festival bring you Crackers of Joy, Chants of Bliss, Light of Success & Color of Prosperity.
Note – The stocks recommendations given in section above are of various brokerage houses and do not represent those of Moneyexcel.com. Please consult your financial advisor before taking any position in above stocks.