Diwali Muhurat Trading Picks 2024: 6 stocks to buy for up to 26% upside potential in a year
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Muhurat Picks 2024: Best stocks to buy
FundsIndia has released its annual Muhurat Picks 2024 report, offering investors a comprehensive guide to making informed investment decisions this Diwali. This year's report, curated by the platform's Equity Research Desk, is designed to help investors capitalize on new opportunities and strengthen their portfolios.Diwali, symbolising new beginnings, is considered an auspicious time to initiate or amplify investment journeys. FundsIndia's Muhurat Picks 2024 aims to provide investors with valuable insights into a diverse range of companies across various sectors.
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Muhurat trading 2024 date and time
The stock exchanges, NSE and BSE, will hold their annual Diwali Muhurat trading session on Friday, November 1, 2024, from 6:00 PM to 7:00 PM. This special trading session marks the beginning of the Hindu calendar year, Samvat 2081.While the regular stock market will be closed on Diwali, this one-hour evening session allows investors to participate in auspicious trading. The pre-opening session will will be conducted from 5:45 pm-6:00 pm on November 1, 2024.
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Muhurat trading stock recommendations
Kalyan Jewellers LtdBuy price: Rs 676Target price: Rs 846
Upside Potential: 25%
Expanding in both Indian and international markets with notable revenue growth and promoter stake increase. Outlook emphasizes strong growth potential despite regulatory and competitive risks.
Upside Potential: 25%
Expanding in both Indian and international markets with notable revenue growth and promoter stake increase. Outlook emphasizes strong growth potential despite regulatory and competitive risks.
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Muhurat trading stock picks
Central Depository Services Ltd (CDSL)Buy price: Rs 1,461Target price: Rs 1,845
Upside Potential: 26%
Benefits from a monopoly in the depository space and growing retail participation, with a positive outlook focused on technology enhancements. However, regulatory and market risks are acknowledged.
Upside Potential: 26%
Benefits from a monopoly in the depository space and growing retail participation, with a positive outlook focused on technology enhancements. However, regulatory and market risks are acknowledged.
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Diwali stocks to buy
JSW Energy Ltd
Buy price: Rs 670Target price: Rs 825
Upside Potential: 23%
Noted for diverse energy generation with strong renewables growth. Long-term contracts and ongoing projects signal strong growth, but regulatory and execution risks are factors to watch.
Buy price: Rs 670Target price: Rs 825
Upside Potential: 23%
Noted for diverse energy generation with strong renewables growth. Long-term contracts and ongoing projects signal strong growth, but regulatory and execution risks are factors to watch.
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Diwali stock recommendations
Federal Bank Ltd
Buy price: Rs 189
Target price: Rs 325
Upside Potential: 24%
Gaining deposit market share with solid financials and improving asset quality. Growth is supported by expansion efforts, though competition and interest rate changes present challenges.
Buy price: Rs 189
Target price: Rs 325
Upside Potential: 24%
Gaining deposit market share with solid financials and improving asset quality. Growth is supported by expansion efforts, though competition and interest rate changes present challenges.
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Muhurat Picks 2024
Federal Bank Ltd
Buy price: Rs 189
Target price: Rs 325
Upside Potential: 24%
Gaining deposit market share with solid financials and improving asset quality. Growth is supported by expansion efforts, though competition and interest rate changes present challenges.
Buy price: Rs 189
Target price: Rs 325
Upside Potential: 24%
Gaining deposit market share with solid financials and improving asset quality. Growth is supported by expansion efforts, though competition and interest rate changes present challenges.
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Muhurat trading: Stock picks for 2024
Mankind Pharma LtdBuy price: Rs 2,566Target price: Rs 3,158
Upside Potential: 23%
Leading in pharmaceuticals and healthcare with expansion into new product lines. Strong market position expected in women's health; however, patent and regulatory risks are present.
Upside Potential: 23%
Leading in pharmaceuticals and healthcare with expansion into new product lines. Strong market position expected in women's health; however, patent and regulatory risks are present.
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Stocks to buy on Diwali 2024
Welspun Corp LtdBuy price: Rs 681Target price: Rs 840Upside Potential: 23%
Major player in pipe manufacturing, with recent acquisitions enhancing its product line. Growth potential is driven by robust order book and expansion into plastic pipes, though forex and socio-economic risks could impact performance.
Major player in pipe manufacturing, with recent acquisitions enhancing its product line. Growth potential is driven by robust order book and expansion into plastic pipes, though forex and socio-economic risks could impact performance.