Best stocks Muhrat Trading 2023: A Guide to Muhrat Trading: Best Stocks for Diwali 2023

Best stocks muhrat trading 2023: As the auspicious occasion of Diwali approaches, investors in India eagerly await the tradition of Muhrat Trading, a one-hour session that symbolizes the commencement of a new financial year. In this guide, we explore the best stocks for Muhrat Trading 2023, providing insights into potential investment opportunities that could illuminate your portfolio. From stalwarts like State Bank of India to dynamic players like Titan, Mahindra & Mahindra, and additional recommendations from various sectors, let’s delve into the brilliance of these carefully selected stocks.

Muhrat Trading Best Stocks: The Time-Honored Choices

State Bank of India (SBIN):

Best stocks Muhrat Trading: As the largest commercial bank in India, SBIN has consistently been a top choice for investors. With a robust balance sheet, exponential growth prospects, and a healthy Provisional Coverage Ratio (PCR), SBIN remains a steadfast preference for astute investors. Motilal Oswal’s experts highlight the bank’s exceptional performance, making it a firecracker stock for your Diwali portfolio.

Titan (TITAN):

Best stocks Muhrat Trading:Titan, a beloved stock of veteran investor Rakesh Jhunjhunwala, is a leading watchmaker and jewelry brand. Controlling over 7% of the market, Titan has transitioned seamlessly from watchmaking to jewelry and is steadily expanding into other consumer-centric industries. With expected double-digit growth, Titan is a must-have stock for Diwali.

Mahindra & Mahindra (M&M):

Best stocks Muhrat Trading: The Indian multinational automotive manufacturing company, M&M, has established a significant presence in rural India, capturing approximately 65% of the market volume. The growing demand for SUVs further solidifies M&M’s position as a top choice among retail consumers. Anticipated Compound Annual Growth Rate (CAGR) of 16% in Passenger UVs volume makes it an attractive Diwali stock.

CIPLA (CIPLA):

Best stocks Muhrat Trading: CIPLA, an Indian-based pharmaceutical company, has consistently delivered strong performance. Positioned for robust expansion in the US generics market, CIPLA is projected to achieve an earnings CAGR of 19% for FY23-25E, making it a powerful stock to ensure your portfolio’s health.

Indian Hotels (IHCL):

Best stocks Muhrat Trading: IHCL, a promising player in the Indian hotel industry, shows significant growth potential, especially with its RevPAR growth. The management aims to double the RevPAR for FY24, aligning with growing retail demand and a rebound in foreign tourist arrivals, making it a top pick for your Diwali portfolio.

Dalmia Bharat (DALMIABHA):

Best stocks Muhrat Trading: A significant increase in cement prices, particularly in the East, combined with increased demand, positions Dalmia Bharat as a key player in the cement industry. Estimated increase in volume CAGR and strategic cost management make DALMIABHA a compelling stock for Diwali.

Kaynes Technology India (KAYNES):

Best stocks Muhrat Trading: As a prominent player in end-to-end and IoT-enabled integrated electronics manufacturing in India, Kaynes Technology boasts a strong order book growth and an improved margin profile. Estimated revenue and adjusted Profit After Tax (PAT) growth make KAYNES a hot stock for Diwali.

Raymond (RAYMOND):

Best stocks Muhrat Trading: Raymond, with its strengthened balance sheet and strategic restructuring, displays a shining prospect for the business. A product portfolio consisting of well-established brands positions Raymond for significant growth, making it a radiant choice for Diwali.

Spandana Sphoorty Financial (SPANDANA):

Best stocks Muhrat Trading: Shifting focus from consolidation to the growth phase, SPANDANA aims for customer acquisition-driven expansion. Impressive borrower additions and strong financial projections make SPANDANA a powerful stock for Diwali.

Restaurant Brand Asia (RBA):

Best stocks Muhrat Trading: Restaurant Brand Asia has made significant improvements to its products and aggressive expansion plans, positioning the brand favorably for substantial growth. Anticipated revenue and EBITDA Compound Annual Growth Rate (CAGR) make RBA a positive turnaround story for Diwali.

Reliance Industries (RIL):

Best stocks Muhrat Trading: Poised for a robust year ahead, RIL benefits from stability in its Oil-to-Chemical (O2C) and Exploration & Production (E&P) segments. The impending arrival of 5G networks and the growth in its retail sector make RIL a bright choice for Diwali.

Dixon Technologies:

Best stocks Muhrat Trading: A significant player in the consumer electronics industry, Dixon Technologies solidifies its position in the mobile Electronic Manufacturing Services (EMS) market. With a robust Free Cash Flow (FCF) profile, Dixon Technologies offers industry-leading returns, making it a compelling stock for Diwali.

HDFC Bank:

Best stocks Muhrat Trading: HDFC Bank’s strong presence in rapidly growing districts and high-potential regions positions it well in the ‘Deposit Race.’ Anticipated surges in deposits as branches mature make HDFC Bank a promising investment opportunity for Diwali.

JB Chemicals & Pharmaceuticals:

Best stocks Muhrat Trading: JB Pharma stands out in India’s high-margin business landscape as a Contract Manufacturing Organization (CMO). Adept management and plans for double-digit growth in the medium term make JB Chemicals & Pharmaceuticals an intriguing Diwali pick.

Bharat Electronics Ltd (BEL):

Best stocks Muhrat Trading: Playing a crucial role in Defense Indigenization, BEL has substantial opportunities ahead. Significant investments, a substantial order book, and financial strength position BEL as a top pick for Diwali.

Strategies for Muhrat Trading: Navigating the Best Stocks

Long-Term Investment: Consider Muhrat Trading as an opportunity for long-term investments, symbolizing prosperity for the years to come.
Intraday Profits:Leverage the volatility of Muhrat Trading for strategic intraday profits within the one-hour window.
Diversification:Mitigate risks associated with market fluctuations by diversifying your portfolio across different sectors and industries.
Thorough Research: Conduct comprehensive research on selected stocks, considering past performance, financial health, and growth prospects before making investment decisions.
Symbolic Nature: While Muhrat Trading is deeply rooted in symbolism and tradition, approach it with a practical mindset, exercising caution and making informed decisions.

Muhrat Trading Best Stocks: Frequently Asked Questions (FAQ)

Q1: What is Muhrat Trading?

A1: Muhrat Trading is a special one-hour trading session during Diwali, symbolizing the beginning of a new financial year. It follows the same rules as standard trading.

Q2: How many times has the BSE Sensex ended positively on Muhrat Trading day in the past decade?

A2: Over the past ten years, the BSE Sensex has closed positively seven times out of ten on Muhrat Trading day, with an average return of 0.83%.

Q3: Is Muhrat Trading a guaranteed way to make profits?

A3: No, Muhrat Trading is a symbolic and traditional practice. While historical performance has been positive, it should not be viewed as a guaranteed way to make profits. Investors should conduct their own research.

Q4: Can I trade in all types of securities during Muhrat Trading?

A4: Yes, Muhrat Trading allows trading in equities, derivatives, and currency derivatives during its one-hour session.

Q5: What is the significance of the Pre-Open Session in Muhrat Trading?

A5: The Pre-Open Session, lasting around eight minutes, allows the stock exchange to determine the equilibrium price before the commencement of the normal market session.

Conclusion:

As the curtain rises on Diwali Muhrat Trading 2023, the array of best stocks illuminated in this guide offers a spectrum of opportunities for investors. From established giants to emerging stars, each stock represents a beacon of potential prosperity. Whether you opt for the time-honored choices or explore new additions, let the light of informed decisions guide you to a prosperous financial year. Happy investing and a joyous Diwali!

Disclaimer: I am not a financial advisor and this is not financial advice. It is important to note that this is not an exhaustive list, and investors should do their own research before making any investment decisions.

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