Loading...

Home >> Blog >> Top 5 Stocks for Diwali Muhurat Trading 2024

Top 5 Stocks for Diwali Muhurat Trading 2024

  


Diwali Muhurat Trading  

Muhurat trading, which takes place on the Diwali festival in the Indian stock exchanges NSE and BSE, is a peculiar mixture of financial as well as social customs. 

This hour-long event, which is held every year on Diwali, marks the beginning of the Samvat, or the Hindu financial year. All over Indian market exchanges, muhurat trading occurs on the day of Lakshmi Puja and it is considered viable for wealth and prosperity. Traders are also given this day to commence their old or new trade. Top 5 Stocks for Diwali Muhurat Trading 2024 is a common search for this occasion. So we have picked a list of the top 5 stocks for Muhurat Trading 2024.

 

 

Muhurat Trading 2024 Date and Time 

Muhurat Trading 2024 date is on Friday, 01 November 2024, from 6 pm to 7 pm. This special trading session window will be active from 5:45 pm and 6 pm. 

 

Detailed Video

Top 5 Stocks for Diwali Muhurat Trading 2024- Stocks for Muhurat Trading

In this section, we will cover our blog title which is Top 5 Stocks for Diwali Muhurat Trading 2024. After research and data analysis we have brought you stocks for muhurat trading so that you can get an idea about some Diwali Muhurat Trading Stock picks for extra lighting in your home and financial happiness.

 

1. PCBL Ltd. 

PCBL Ltd.

P/E Ratio (x)

33.1

1 Year Returns (%)

121

Market Cap (crore)

Rs.16,542 

CMP

Rs.438

Target Price

Rs.600

Upside Potential

34%

 

PCBL Ltd PEG Ratio-  6.11

Risk- Postponement of expansion plans.

          Pressure on margins due to increased competition.

 

2. Tech Mahindra Ltd.

Tech Mahindra Ltd.

P/E Ratio (x)

50.8

1 Year Returns (%)

49.9

Market Cap (crore)

Rs.1,66,237 

CMP

Rs.1699

Target Price

Rs.2000

Upside Potential

15%

 

Tech Mahindra Ltd. PEG Ratio-  -4.52

Risk- Persistent deterioration in the top five telecom-heavy clients.

          Project Fortius's lower-than-anticipated profit growth.

 

3. Tata Power Ltd.

Tata Power Ltd.

P/E Ratio (x)

37.9

1 Year Returns (%)

77.7

Market Cap (crore)

Rs.1,37,911 

CMP

Rs.432

Target Price

Rs.530

Upside Potential

21%

 

Tata Power Ltd. PEG Ratio-  0.51

Risk- Slower addition of renewable energy sources.

          Modification of regulations.

 

4. NCC Ltd.

NCC Ltd.

P/E Ratio (x)

24.2

1 Year Returns (%)

103

Market Cap (crore)

Rs.18,515 

CMP

Rs.295

Target Price

Rs.400

Upside Potential

40%

 

NCC Ltd. PEG Ratio-  7.22

Risk- Order inflows were smaller than anticipated.

          Margins were impacted by increased competition.

 

5. Sansera Engineering Ltd.

Sansera Engineering Ltd.

P/E Ratio (x)

48

1 Year Returns (%)

71.1

Market Cap (crore)

Rs.9,162 

CMP

Rs.1484

Target Price

Rs.2000

Upside Potential

27%

 

Sansera Engineering Ltd. PEG Ratio-  3.94

Risk- Slower than anticipated revenue growth as a result of export-related geopolitical concerns.

        Pressure on margins as a result of commodity price fluctuations. 

Conclusion 

Diwali Muhurat Trading is an age-old Indian practice that symbolizes riches and new beginnings by combining tradition and commerce. Investors may take a look at well-known stocks like PCBL Ltd., Tech Mahindra, Tata Power, NCC Ltd., and Sansera Engineering which are less riskier and have growth potential. Strategizing at this hour can in many ways ensure a fruitful financial year ahead. To everyone’s success and prosperity in Samvat 2081

 

Disclaimer

This blog is NOT any buy or sell recommendation. No trading advice is given. The data presented in this blog are at the time of writing this content (as of 30 October 2024) and can change with time. This blog doesn’t mean the guarantee of the returns. Readers would be solely responsible if the investment is made based on the information provided in this blog. Investors should do research, and consult with their financial advisors before financial investments.



Frequently Asked Questions

+

Friday, November 01, 2024, from 6 p.m. to 7 p.m

+

Many stocks might give good returns. Above are some stocks shared in the content with their key details. Stock selection requires research, risk tolerance, and a goal of investment

+

Usually, during Muhurat Trading or in Diwali, the market remains bullish because of high cash flows in the market and investors' trust and boost to invest in this festive season

+

Yes.

+

As per Hindu belief, a muhurat trading session brings luck, prosperity, and success. So investments made during this session are generally considered profitable



Liked What You Just Read? Share this Post:




Viewer's Thoughts

Any Question or Suggestion

Post your Thoughts


Stock

Related Blogs

How To Identify Multibagger Stocks

Stock | 03-12- 2024

How To Identify Multibagger St...

Discover how to identify undervalued multibagger stocks using Piotroski Score and G Factor. Learn key financial metrics ...

Continue Reading
Motisons Jewellers Share Listing Gain: Buy, sell, or hold the stock?

Stock | 30-11- 2024

Motisons Jewellers Share Listi...

Explore Motisons Jewellers' stellar IPO, soaring debut, and India's thriving jewelry market potential.its strengths, fin...

Continue Reading
IDFC First Bank stock Analysis: 18% YoY growth but share is Down.

Stock | 22-11- 2024

IDFC First Bank Stock Analysis...

Explore the 18% YoY profit growth and unravel the mysteries behind its unexpected dip. Understand the financial intricac...

Continue Reading
Best Diwali Picks: Best Stocks for Diwali 2024

Stock | 30-10- 2024

Best Diwali Picks: Best Stocks...

Best Stocks for Diwali 2024. Discover the best stocks in renewable energy, EV, waste management, and tourism. Best stock...

Continue Reading
Best MidCap Stocks

Stock | 26-10- 2024

Best MidCap Stocks in India 20...

Looking for the best midcap stocks 2024? This guide explores top Indian midcaps with growth potential, stability, and in...

Continue Reading
Best LargeCap Stocks

Stock | 26-10- 2024

Best Large Cap Stocks to buy i...

Best large-cap stocks in India. Benefits of investing in large-cap stocks, Disadvantages and the factors affecting them ...

Continue Reading
for a Chance to Learn Free Technical Analysis
Subscribe on
YouTube
Follow us on
Instagram
Follow Us on
Twitter
Like Us on
Facebook