Muhurat Trading Picks 2024 : 7 Stocks to Buy this Diwali

The tradition of Muhurat trading has long been an auspicious occasion for investors, marking the start of a new financial year. For Muhurat Trading 2024, several companies are on the radar due to their robust fundamentals and growth potential. Here are some standout stocks to consider this season.

7 Stocks to Invest for Muhurat Trading 2024

Sansera Engineering (SANEN) : Buying Range (₹1,490-1,590)

Sansera Engineering is a key player in the automotive component manufacturing industry, specializing in high-precision forged parts for engines and other vital components. The company is not just looking under the hood of traditional cars; it's expanding its horizons to power electric vehicles, aerospace marvels, defense systems, and off-road adventures.

While the company's current business is heavily reliant on internal combustion engines, Sansera is strategically diversifying its revenue streams. It's actively expanding its global footprint and has a robust order book to fuel its growth. With strategic investments and partnerships, the company is well-positioned to capitalize on emerging trends and technological advancements.

PCBL Ltd. (PHICAR) : Buying Range (₹ 435-470)

PCBL is a major player in the carbon black industry, a crucial ingredient in tire manufacturing. The company is striving for improvement; it's expanding its production capacity and venturing into the high-margin world of specialty carbon black.

With a strong growth trajectory and a commitment to innovation, PCBL aims to significantly boost its revenue and profitability over the next five years. The company's strategic initiatives position it for success, but challenges such as potential delays and increased competition could impact its performance. Despite these potential hurdles, PCBL's positive outlook and strategic focus make it an attractive investment opportunity.

NCC Ltd. (NAGCON) : Buying Range (₹ 275-300)

NCC, a leading construction company, is on a growth trajectory, backed by a robust order book. The company is prioritizing revenue growth, which might temporarily impact profit margins. However, the long-term outlook remains promising, driven by a solid order pipeline and improving financial health.

While challenges like potential delays in project execution and increased competition exist, NCC's strong market position and strategic focus will propel it to sustained growth. The company's ability to navigate these challenges and capitalize on emerging opportunities will be key to its future success.

Tech Mahindra (TECMAH) : Buying Range (₹ 1,680-1,750)

Tech Mahindra, a global IT services powerhouse, is on a mission to boost profitability and shareholder value. The company is investing heavily in growth initiatives like the Turbocharge program to accelerate revenue growth and improve margins.

While challenges like the performance of its top five telecom clients and potential margin pressures exist, Tech Mahindra's strong focus on operational efficiency and strategic investments positions it for long-term success. As the digital landscape continues to evolve, Tech Mahindra is well-equipped to capitalize on emerging opportunities and drive sustainable growth.

Tata Power (TATPOW) : Buying Range (₹410-450)

Tata Power, a leading Indian energy company, is committed to a greener future. It's expanding its solar and wind energy capacity and investing in cutting-edge energy storage solutions. With a strong foothold in rooftop solar and a supportive government, Tata Power is well-positioned to harness India's growing renewable energy market. However, potential regulatory changes and delays in capacity additions could pose challenges to the company's growth.

Natco Pharma (NATPHA) : Buying Range (₹ 1,300-1,390)

Natco Pharma is a leading player in the generic drug industry, specializing in complex medicines for the US market. The company has seen significant success with the launch of generic Revlimid.

While this opportunity is gradually fading, Natco is actively pursuing new blockbuster drugs like Ozempic, Wegovy, and Lynparza. With a strong pipeline of promising drugs and strategic partnerships, Natco is poised for continued growth.

HDFC ASSET MANAGEMENT CO LTD (HDFAMC) : Buying Range (₹ 4,385-4,580)

HDFC AMC is a leading mutual fund company with a strong market presence. It's focused on growing its investments in stocks and shares, and has a wide network to reach investors in both big cities and smaller towns.

While recent regulations have impacted returns, HDFC AMC is working hard to improve its efficiency and invest in the right areas to maintain strong performance. With a promising future and a solid track record, HDFC AMC remains a great investment choice.

How to Pick Stocks for Muhurat Trading 2024?

Before we list down stock names, it is essential to make sure you understand how to pick stocks for Muhurat trading. The first thing you need to do is define your strategy. Determine your investment or trading strategy for Muhurat trading. Are you looking for short-term opportunities, long-term investments, or simply participation for symbolic reasons? Your strategy will guide your stock selection. Here are ways to pick stocks:

• Fundamental Analysis: To get good returns, you need to invest in solid companies that are fundamentally sound. Examine key financial metrics, such as revenue, earnings, debt levels, and growth prospects. Assess the company's financial health and stability. Look for companies that have a competitive advantage over their peers.
• Technical Analysis: If you are investing for a short time, you need to go into technical analysis to find the right entry and exit points. You can use indicators like moving averages to know the right price.
• Market Trends: You need to do some homework by looking at sectors that are expected to perform well in the coming years. Analyze the performance and potential of different sectors. Look for sectors that align with your investment goals and the current economic landscape. For example, you might consider stocks in sectors like healthcare, information technology, or consumer goods.
• Expert Opinion: If you are unsure which stocks to pick or need personalized guidance, consider consulting a financial advisor. They can provide recommendations based on your financial goals and risk tolerance.

Here is the last thing we want to say before giving you the list. While Muhurat trading is a cultural and sentimental event, avoid making impulsive or emotionally driven investment decisions. Ensure that your stock choices align with your strategy and risk tolerance.

Recent Trends on Muhurat Trading 2024

Muhurat trading, a special trading session on auspicious days, has gained popularity as investors seek to kickstart their investments on a positive note. In 2024, investors are likely to focus on sectors that align with long-term growth trends, such as Green Energy, Technology, and Healthcare.

Retail investors, especially, are expected to actively participate in Muhurat trading, prioritizing stable, well-established companies. Additionally, sectors supported by government initiatives, like infrastructure and manufacturing, are attracting investor interest. By investing during this auspicious time, investors hope to capitalize on growth opportunities while seeking blessings for their financial future.