Best Stocks for Samvat 2081 : Although Diwali is a holiday, the stock market will be open for Muhurat trading for 1 hour like every time. Major stock exchanges BSE and NSE will organize a special one-hour ‘Muhurat Trading’ session on the occasion of Diwali on November 1, 2024. This will mark the beginning of the new Samvat 2081. Muhurta trading will be conducted between 6 pm to 7 pm on Diwali evening. The session before the opening of the stock market will be from 5:45 to 6:00 pm. This has been a tradition and investors consider it auspicious to invest money in the market on this occasion. Here we have given information about some stocks for Muhurta trading quoting different brokerage houses, in which bets can be placed.
Big IPO: 18 out of 30 big size IPOs failed to give good returns, will Hyundai also be in the same condition after LIC and Paytm?
Samvat 2081: HDFC Securities Diwali Picks 2024
Stock and target price next (till Diwali)
Bank of India: Rs 132
JK Lakshmi Cement: Rs 936
Jyothy Labs: Rs 600
L&T Finance: Rs 219
NALCO: Rs 270
Navin Fluorine: Rs 3948
NCC Ltd: Rs 363
PNB Housing Finance : Rs 1160
Reliance Industries: Rs 3243
SBI: Rs 960
Axis Bank: Axis Bank becomes top gainer of Sensex, brokerage gives buy rating, stock may increase by 24% to Rs 1400
Samvat 2081 : Anand Rathi Diwali Picks 2024
IFCI
Target price: Rs 80 and Rs 88
Return Estimate: 50.4%
IRB Infrastructure Developers
Target price: Rs 79, Rs 86
Return Estimate: 49.6%
JUPITER WAGONS
Target price: Rs 700, Rs 760
Return Estimate: 49%
HINDZINC
Target price: Rs 680, Rs 750
Return Estimate: 50%
TATA TECH
Target price: Rs 1360, Rs 1450
Return Estimate: 36.8%
GARDEN REACH SHIP & ENG
Target price: Rs 2425, Rs 2650
Return Estimate: 52.3%
BEML
Target price: Rs 4800, Rs 5400
Return Estimate: 42.1%
High Return: Scheme that doubles money every 3 years, Invesco India Contra Fund gave high returns in every phase, did wonders in SIP also
Samvat 2081 : Systematix Diwali Picks 2024
PNB Housing Finance
Target price: Rs 1333
Return Estimate: 43%
Shriram Properties
Target price: Rs 152
Return Estimate: 30%
Jana Small Finance Bank
Target price: Rs 700
Return Estimate: 30%
One 97 Communications
Target price: Rs 900
Return Estimate: 29%
Protean eGov Technologies
Target price: Rs 2459
Return Estimate: 27%
GMR Airports Infrastructure
Target price: Rs 108
Return Estimate: 25%
Lemon Tree Hotels
Target price: Rs 155
Return Estimate: 23%
National Aluminum Company
Target price: Rs 275
Return Estimate: 23%
Zomato
Target price: Rs 320
Return Estimate: 18%
Jash Engineering
Target price: Rs 3000
Return Estimate: 16%
SIP New Stars: These are the 5 new superstars of mutual funds, they are giving 50 to 70% returns on SIP, did wonders even in lump sum.
Samvat 2081: Ashika Diwali Picks 2024
ONGC
Target price: Rs 350
Return Estimate: 24.1%
Kaynes Technology
Target price: Rs 7000
Return Estimate: 25.4%
Eris Lifesciences
Target price: Rs 1700
Return Estimate: 25.9%
Isgec Heavy Engineering
Target price: Rs 1850
Return Estimate: 30.4%
Nazara Technologies
Target price: Rs 1130
Return Estimate: 25.8%
EMS
Target price: Rs 1080
Return Estimate: 25.9%
Axiscades Technologies
Target price: Rs 640
Return Estimate: 22.6%
*Note: Some recommendations have been made on the basis of stock price of October 17 and some of October 18.
Beginning of Samvat 2081
The Hindu calendar year starts from Diwali, which is called Samvat. This Diwali, Samvat 2080 is ending and the new Samvat 2081 will begin. Market analysts believe that Diwali is considered the ideal time to start anything new. It is said that investors get profit throughout the year by trading during this session. Muhurat trading takes place every year on Diwali. During this time, share brokers do trading for one hour after Lakshmi Puja. During this period, a block deal session takes place before normal trading. Trading is closed after one hour of trading session. The practice of Muhurta trading started in BSE in 1957 and in NSE in 1992.
How was the market in Muhurta Trading 2023?
Last year, on the occasion of Diwali on 12th November, Samvat 2080 had a strong start with Muhurta trading, which is continuing till now. On Muhurat Trading 2023, Sensex has gained 355 points and it closed at the level of 54259. Whereas Nifty strengthened by 100 points and closed at the level of 19526. On that day, 28 shares of Sensex 30 closed in the green. Top gainers included INFY, WIPRO, NTPC, ASIANPAINT, TCS, TITAN and RELIANCE.
(Disclaimer: The advice to invest in stocks has been given by the brokerage house. These are not the personal views of Financial Express. There are risks in the market, so take expert opinion before investing.)