A special stock market session will take place today on Sunday — Muhurat Trading — to mark the beginning of a new Hindu calendar year Samvat 2080. The session will be one hour long. So, investors need to research thoroughly beforehand for the stock market session today. Here are the top stock picks by brokerage houses Motilal Oswal and Kotak Securities.
Muhurat Trading 2023: Top Stock Picks By Motilal Oswal:
1) State Bank of India Ltd (SBI)
Motilal Oswal said it noted the performance of the country’s largest bank in terms of operating profit and its strong liability franchise, which commands a 12 per cent market share in Tier 1 cities in India, making it a firecracking stock to have in your portfolio.
2) Titan
Titan, part of Tata Group, has been a beloved stock of Rakesh Jhunjhunwala. Titan is expanding into other consumer-centric industries such as fragrances, fashion accessories, and Indian dress-wear. Motilal Oswal’s analysts said this expansion is expected to show a record double-digit growth, making Titan a must-have stock in your Diwali portfolio.
3) Mahindra & Mahindra
Mahindra & Mahindra, which controls about 65 per cent of the automotive market in terms of volume, has established a significant presence in rural India. Analysts at Motilal Oswal expect the company to deliver a compound annual growth rate (CAGR) of 16 per cent in passenger utility vehicles (UVs) volume from FY23 to FY25, making it an attractive stock to consider.
4) Cipla
With its future growth prospects and current market strength, Motilal Oswal said Cipla is projected to achieve an earnings 19 per cent CAGR for FY23-25E, making it a powerful stock to hold your portfolio in perfect health.
5) Dalmia Bharat
An increase in cement prices has benefitted its manufacturers. Analysts at Motilal Oswal expect an 11 per cent rise in the volume CAGR over FY 23-36, which can be achieved with the reduction in Operating efficacy and cooling fuel prices.
Apart from these, Motilal Oswal also suggested stocks such as Indian Hotels, Kaynes Technology India, Raymond, Spandana Sphoorty Financial, and Restaurant Brand Asia.
Top picks By Kotak Securities for Muhurat Trading Session 2023 include Canara Bank, Cipla, Cyient, Dalmia Bharat, Godrej Consumer Products, PCBL, and Reliance Industries.
Muhurat Trading 2023 Timings Today
Leading stock exchanges BSE and NSE will host the one-hour special Muhurat Trading session on November 12 between 6 pm and 7.15 pm, which includes a 15-minute pre-market session.
The customary special session would mark the start of Samvat 2080 according to the Hindu calendar year.
The stock market will open for an hour for Diwali muhurat trading on November 12 at 6:15 pm and will end after one hour at 7:15 pm. However, the pre-open market session will take place between 6:00 pm and 6:08 pm on the BSE and NSE.
Muhurat Trading 2023: Key Things To Keep In Mind
Harjeet Singh Arora, managing director at Mastertrust, said, “Usually, we witness volatile trading sessions during muhurat trading. Hence, thorough research is very important before deploying any trade. Look for companies with strong fundamentals, positive earnings reports, and growth potential. Additionally, we can also find stocks based on technical studies for short-term trading opportunities.”
Investors are not recommended to concentrate all investments in one stock or sector, he said adding that over the past 10 muhurat trading sessions, seven instances concluded with positive returns.
For traders, Arora said, “Given the short duration of muhurat trading, liquidity is also a big factor. Especially for intraday traders, choose stocks with sufficient liquidity to ensure smooth execution of trades.”
