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Top 5 Stocks for Diwali Muhurat Trading 2024
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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.
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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.
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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
