In this post, we bring to you the latest valuable stock recommendations of the Diwali Stock Picks / Muhurat picks for Samvat 2075.
These are some special stocks that can lighten up your portfolio and make your next Diwali even better and brighter.
It is just less than a week to Diwali 2018 and lots of people in India are started preparing to celebrate this auspicious occasion in different ways. Even the investors, traders and stock brokers are geared up for Diwali. However, their excitement is very different from the rest of the people. It is because it is the time of Muhurat trading also called Mahurat trading. Indian investors, stock traders and brokers celebrate Diwali in a very special way – through the Muhurat trading session.
What is Muhurat Trading?
Muhurat trading is the example of an age-old tradition which Indian stock exchanges have been performing. According to Sanskrit vedas, ‘Muhurat’ means an auspicious time which decided by planetary actions and movements. And as the name suggests, Muhurat trading is that auspicious time or hour where the trading activity during that time considered fruitfull and auspicious.
In India as per Hindu religion, Diwali marks the beginning of the New Year. And it is the belief of our every citizen that Muhurat trading on this auspicious day brings luck, fortune, wealth, and prosperity for the year ahead. The two most dominating communities in Indian stock market – Gujarati & Marwari, begin their new financial year on Diwali. Means, only accounts books closed and new ones open on this occasion. It is so important to them that even the family members of stockbrokers join the prayers known as Lakshmi Pujan held in the broker’s office. Besides, Diwali is also the time when we workship Goddess of Wealth.
Importance of Diwali Muhurat Trading
The Muhurat trading session is not much different except the time it is traded is very small compared to normal trading and volatility in stock prices tends to be very less on the auspicious occasion. So, if you are a newbie in stockmarket then you can start trading on this day. However, the day would only matter to you if you are religious and superstitious. Nevertheless, you can begin your trade on this day off because the market is usually biased towards buy orders rather than sell orders so market often ended on a positive note on that day.
But, one should not ignore or miss Muhurat trading if you are holding stocks in your portfolio. It is because the market is closed on Diwali day and stock prices tend to move in the Muhurat session as per the global and domestic factors and sentiments. This is why the foreign investors are also taking interests in the Muhurat trading as well.
Make sure you do all your valuable research and complete analysis while picking a stock not driven by superstitious sentiment alone. Historic data shows that there is no direct correlation between returns on the day of Muhurat trading and following movements in the market.
Diwali Muhurat Trading 2018: Timing
To start the auspicious occasion of trading during Diwali, the leading stock exchanges NSE & BSE have declared the trade timings for Muhurat trading timings for Diwali 2018 will be conducted on 7th Nov. 2018 – in the evening. Diwali Muhurat trading will strat from 5:00 pm and will last till 6:40 pm, which mentioned by NSE & BSE in their circular.
According to NSE & BSE circulars, block deal session will be held from 05:00 pm to 05:15 pm, the pre-open session will be open at 05:15 pm and close at 05:23 pm. It is according to the circulars with respect to Diwali Muhurat trading in equity or cash segment.
For equity derivative segment (F&O) and commodity derivatives, the Muhurat trading will be facilitated for an hour between 5:30 pm and 6:30 pm which will be followed by a set up cut off time for determining position limit value up until 6:45 pm.
In currency derivatives, the trading will start from 5:30 pm only and closing time will be as follows:
6:15 pm – for USDINR, EURINR, GBPINR, JPYINR, T-Bills, and Interest rates futures.
6:30 pm – for cross-currency derivatives such as EURUSD, GBPUSD, and USDJPY.
Kotak Securities Diwali Picks 2018
Stock Name
BAJAJ FINSERVE
DHAMPURSUG
DMART
JK PAPER
MARUTI
HDFC Securities Diwali Picks 2018
Stock Name Target Price
CUMMINS INDIA LTD 817
CYIENT LTD 748
ICICI BANK LTD 411
SUN PHARMACEUTICALS 690
HINDUSTAN OIL EXPLORATION 177
PARAG MILK FOODS LTD 329
EVEREST INDUSTRIES LTD 558
EXIDE INDUSTRIES LTD 304
DR REDDYS LABORATORIES LTD 2952
APOLLO HOSPITALS ENTERPRISE 1368
Angel Broking Diwali Picks 2018
Stock Name Target Price
Aurobindo Pharma 870
Bata 1243
GMM Pfaudler 1287
HDFC Bank 2350
Mahindra and Mahindra 1050
RBL Bank 690
Safari 1071
TTK Prestige 8200
TV Today 537
Axis Direct / Enam Securities Diwali Fundamental Picks 2018 (SAMVAT 2075)
Stock Name Target Price
Ashok Leyland 154
Bajaj Finance 2642
Cipla 744
Hindustan Unilever 1724
ICICI Bank 372
L&T Infotech 2139
Minda Ind 393
Mold-Tek Packaging 345
Reliance Industries 1346
Steel Strip Wheels 1425
Titan Company 929
Trident 86
India Infoline Limited (IIFL) Diwali picks for 2018
Aarti Industries (Aarti) [CMP: 1,265; Target: 1,517; Upside: 19.9%]
Biocon Limited [CMP: 644; Target: 768; Upside: 19.3%]
Kotak Mahindra Bank (KMB) [CMP: 1,177; Target: 1,380; Upside: 17.2%]
MindTree Ltd. [CMP: 806; Target: 1,081; Upside: 34.2%]
Mphasis Ltd. [CMP: 1,023; Target: 1,328; Upside: 29.8%]
Motherson Sumi Systems (MSSL) [CMP: 245; Target: 293; Upside: 20%]
Petronet LNG (PLNG) [CMP: 213; Target: 256; Upside:20%]
Reliance Industries (RIL) [CMP: 1,047; Target: 1,310; Upside:25%]
Sharekhan Diwali Picks 2018
Stock Name
Aarti Industries
Britannia Industries
Divis Laboratories
ICICI Bank
IndusInd Bank
Infosys
Jubilant FoodWorks
L&T
Larsen & Toubro Infotech (LTI)
Reliance Industries (RIL)
Sundaram Fasteners
Arvind
Religare Securities Diwali picks 2018
Stock Name Target Price
Ashok Leyland 144
Asian Paints 1378
Britannia Industries 6519
Cummins India 835
Godrej Consumer Products 897
Maruti Suzuki India 8677
Voltas 697
BP Wealth : Diwali muhurat top stock picks 2018
Aarti Industries
Accelya Kale Solutions
Ashok Leyland
GMM Pfaudler
MOIL Metals
Suvenlife Sciences
Voltas Ltd
Conclusion: Diwali Stock Recommendations 2018
You can only maximise your returns / profit by investing and trading in these stocks at the right time and right price. Make use of the current volatility in the market and enter these stocks only at dips or when you get this stock at reasonable valuations.
Happy Diwali & Happy Trading!
Note – All information & data provided in this article is for the educational purpose as well as to give general information on stock market. The diwali stock recommendations are listed as per research reports of brokerage houses and do not represent views or recommendations of wolfofdalalstreet.com Please consult your financial advisor or expert before taking any position in above stocks.