Diwali Muhurat Trading Day Stock Picks: 10 ideas for the special occasion

​This Diwali Muhurat trading session, several brokerages have curated a list of promising stocks across sectors such as banking, NBFC, and IT. With market conditions favourable for select opportunities, these picks are expected to deliver strong returns. Here are 10 stocks recommended for their growth potential and technical strength during this auspicious trading period:​

With fresh capital infused, new tie-ups in non-auto space including plans for new greenfield facility, we bake in 18.5% revenue CAGR over FY24-27E. We have a positive view on Sansera and assign Buy rating on the stock with a target price of Rs 2,000 i.e. 28x PE on FY26-27E avg EPS.

(ICICI Direct)

We believe, the company’s US$ revenue will grow at CAGR of 6.7% between FY24-27E, but operating profit growth is likely to outpace with EBIT margin improving from 6.1% in FY24 to 14.5% in FY27E, implying a CAGR of 43.6% over FY24-27E.We have valued the company at 25x P/E on FY27E EPS to assign a target price of Rs 2,000.(ICICI Direct)

We believe Tata Power is an attractive opportunity to play the entire power value chain in India and coupled with the strong renewable capacity addition targets. We value it on SoTP basis and arrive at a fair value of Rs 530 per share.(ICICI Direct)

At current price, the stock is trading at FY25E/FY26E P/E multiple of 43.7x/31.6x of its Bloomberg consensus earnings estimate. The company is well positioned to leverage on healthy growth prospects backed by (a) Growing demand, (b) Attractive rail value chain opportunities, (c) Higher Infrastructure spending and (d) Policy support.(SBI Securities)

At the current price, the stock is trading at FY25E/FY26E P/E of 75.5x/59.7x respectively. Premium valuations are likely to sustain given the high growth phase of the company, and potential expansion into other categories such as IT hardware and backward integration benefits.
(SBI Securities)

At current price, the stock is trading at FY25E/FY26E P/E of 29.6x/25.8x respectively. Multiple triggers such as expanding product portfolio, strengthening of the distribution network, increased sourcing by Kubota Corp for its global operations and healthy demand environment are expected to drive 16% CAGR earnings growth over FY24-26E.(SBI Securities)

The stock has been finding support near its 40-week EMA. It has formed a bullish hammer candlestick pattern on the weekly chart.A bullish candle is formed at double bottom support of 1124, which increases the reliability of the bullish reversal. The weekly stochastics oscillator has turned bullish. The price rise was accompanied by a rise in volumes.(HDFC Securities)

Despite a sharp market correction in the last couple of weeks, the stock is holding strong. It is positioned above all important moving averages, indicating a bullish trend across all time frames.
The RSI oscillator has been forming higher bottoms on the daily charts, indicating accumulation at lower levels. On the Point & Figure chart, thestock has been taking support at the 10 EMA.
(HDFC Securities)

For CUB, the current market price (CMP) is Rs 175.74, with an accumulation zone between Rs 173 and Rs 176. The target price range is set at Rs 192 to Rs 204, with a stop loss at Rs 164. The expected return is approximately 16%.
(Religare Broking)

For Federal Bank, the CMP is Rs 203.91, and the accumulation zone is between Rs 202 and Rs 205. The target range for this stock is Rs 218 to Rs 226, with a stop loss at Rs 194. The anticipated return is around 10%.
(Religare Broking)
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)