Best Stocks for Mahurat Trading on Diwali Day

 

• The one-hour Muhurat Trading will start at 6:15 and last till 7:15 on The Diwali Day (14^th November 2020)
• Buy Affle, Apollo hospitals, Bajaj Auto and many more
• Pre-open session will begin at 5:45 pm and will end at 6:00 pm

Sensex and Nifty Index has been roaring high since Biden victory in United States and this will have an positive impact on Indian stock market. Diwali is known to be auspicious occasion to buy many things such as gold, Silver, books, and stocks. Therefore, the Stock exchanges decided to have a one-hour session to buy stocks on the auspicious Diwali day and they named it Muhurat trading.

This year Muhurat trading will took place on 14^th November on the Diwali day it will start on 6:15 and session will end on 7:15 however there’s Pre-Open session as well and it will start 5:45 Pm and last till 15min at 6pm will end. We bring you the Top stocks in which you can invest on the Muhurat day here’s the list as below.

Bajaj Auto : One of the trusted name in the Indian automobile sector Bajaj has recovered very well after the lockdown and during Dussehra company sold more than 50 thousand unit in 45 days of festival season. Currently bajaj owns 47 percent of market share in sports bike and mid to entry level bikes. If you buy this stock on Muhurat day, then there is high chance of getting 19 percent return in 28 days post Diwali. As per the HDFC Securities the target for this stock is RS.3447 and stop loss at RS.2550  

Muthoot finance : One of the stronger NBFC companies and owns majority share in south India.The AUM has risen 15.50 percent in first quarter of FY 2020.Target Rs.751 and stop loss is at Rs.556. a good stock for long term as well.

SBI Life insurance : The solid Arm of SBI, SBI life insurance has performed better the expected during the COVID times. India has huge potential for Insurance sector and SBI is trusted names among the millennials hence this stock is must buy as future sales expected to more then double. Target is RS.965 and stop loss is Rs.730. Another good stock for long term.

Sudarshan Chemical : They sold entre year of chemical stock in just one month during the lockdown. This company deals in the cleaning chemical in which one of chemical is used to make sanitizers. As sanitizers has become important part of our day to day life the sales of this company will get good boost in coming days. Buy at every dip for this stock. Target is Rs.460 and stop loss is Rs.298.

UltraTech cement : This company has capacity to make 117.3 million tons of grey cement annually. The major focus of this year’s budget is on Infrastructure development and our finance minister has allocated more then 1 lakh crore to the development of Rural and semi Urban areas. This stock will be crucial in coming days as this stock will get benefitted from the investment of finance minister.Target Rs.4980 Stop loss Rs 3580.

Apart from above major stock here are some of the minor stock in which you can invest on Muhurat day.
Amara Raja Batteries, Kajaria Ceramics, Bharti Airtel,JSW Steel, Dabur India, HDFC Bank, Blue dart and MCX.
Happy investing!

Team India Talks wishes all readers a very happy Diwali and prosperous new Year