Stocks To Watch For Muhurat Trading 2023

India, a nation renowned for its rich tapestry of cultures, religions, beliefs, customs, and vibrant festivals, boasts Diwali as one of its grandest celebrations. Diwali, the Festival of Lights, symbolises the triumph of good over evil and holds a special place in the hearts of many. It's a time when people come together to usher in positivity and abundance, often marked by the tradition of acquiring new possessions.

One of the oldest customs in the Indian stock market is of Muhurat Trading. The Bombay Stock Exchange started muhurat trading in 1957, and when the National Stock Exchange was established in 1992, it followed the tradition.

What is Muhurat Trading?

Muhurat Trading is a special trading session on the auspicious occasion of Diwali, the festival of lights in India. During Muhurat trading, the stock markets including the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), are open for about an hour. This session is an opportunity to seek divine blessings for a prosperous and profitable year ahead. 

In 2023, Muhurat trading will occur on Sunday, November 12, from 6:15 pm to 7:15 pm. Traders and investors consider trades made during this time to be particularly auspicious, and it is customary to buy and hold at least one stock in one's portfolio as a symbol of good luck.

Past Performance

Last year, our Research Analyst, Mr. Anshul Jain, gave these stocks to Muhurat Trading 2022. Look at what the stocks were and the return percent on each of them from that day.

Stock Picks: Diwali 2023

Here is a list of stocks that our Sr Research Analyst, Mr Anshul Jain, recommended to watch out for Diwali 2023.

1. Reliance Industries

• Reliance Industries Ltd (RIL) is a diverse conglomerate headquartered in Mumbai, India, with interests spanning energy, petrochemicals, textiles, retail, entertainment, materials, and telecommunications.
• The company continues to invest in various growth projects, making it an appealing choice for long-term investors.

2. Welspun Living

• Welspun Living, a subsidiary of the Welspun Group, is a prominent Indian textile company renowned for high-end flooring solutions, including rugs and tiles
• Welspun is focused on increasing its domestic presence and branded business share for long-term growth and improved margins.

3. Chennai Petroleum

• Chennai Petroleum Corp Ltd (CPCL), formerly known as Madras Refineries Limited (MRL), stands as a prominent state-owned oil refining company and operates as a subsidiary of Indian Oil Corporation Limited.
• The company has also significantly improved its working capital requirements, reducing them from 27.4 days to 15.3 days.

4. Indiamart Intermesh

• IndiaMART InterMESH Ltd (IndiaMART) is a leading provider of business-to-business services. The company promotes, advertises, and markets products and services through its online platform.
• IndiaMART has reported robust growth in collections and deferred revenue, along with a 26% YoY increase in revenue from operations, instilling confidence in maintaining collection and revenue growth in the upcoming quarters.

5. Coromandel International

• Coromandel International Ltd is a leading manufacturer and distributor of fertilisers and crop protection chemicals catering to the agricultural sector. 
• Coromandel International maintained its market share in various fertiliser segments and explored new opportunities, such as drone-based agriculture services and speciality chemicals marketing.

6. Jubilant FoodWorks

• Jubilant FoodWorks Limited is India's largest food service company, established in 1995 and affiliated with the Jubilant Bhartia Group. 
• The company holds exclusive master franchise rights from Domino's Pizza Inc. to manage and expand the Domino's Pizza brand in India, Sri Lanka, Bangladesh, and Nepal.

7. Wockpharma

• Wockhardt is a global pharmaceutical and biotechnology company producing various pharmaceutical products, including finished dosage formulations, injectables, biopharmaceuticals, orals, and topicals such as creams and ointments.
• Their products, such as Wepox in the Erythropoetin market and Methycobal in the Methylcobalamin market, are leaders with substantial market shares.

8. Federal Bank

• The Federal Bank Limited offers various financial services, including retail and corporate banking, para-banking activities such as debit cards and third-party product distribution.
• The bank experienced robust expansion across all sectors and divisions, culminating in its all-time highest net profit.

9. GAIL India

• GAIL (India) Ltd, established in 1984 and a Government of India undertaking, is a comprehensive gas company engaged in processing, transmitting, marketing, and transmitting liquefied petroleum gas (LPG). 
• GAIL has plans to expand its CNG stations and DPNG connections and secure long-term natural gas supplies from various sources by 2030.

10. HCL Tech

• HCL Tech is a prominent global IT services company and one of the top five Indian IT services firms in revenue.
• The company has built a diverse ecosystem with around 100 companies focusing on different technology domains, establishing strategic alliances, specialist partnerships for niche technologies, and collaborations tailored to specific customer needs.

11. PFS

• PTC India Financial Services Limited (PFS) is a registered NBFC with the RBI and holds the status of an Infrastructure Finance Company.
• The company offers fee-based advisory services to help businesses structure and raise debt and mezzanine capital tailored to their needs.

12. BVCL

• Barak Valley Cements Ltd, established in 1999, primarily operates in the manufacturing and selling of cement products in the northeastern states of India.
• BVCL has a distribution network consisting of 150-160 dealers, concentrating on the northeastern region, specifically Assam, Mizoram, Tripura, and Manipur.

13. Advani Hotel

• Advani Hotels & Resorts (India) operates the "Caravela Beach Resort," a luxurious five-star deluxe resort located on Varca Beach in South Goa. 
• It also pioneered operating an electronic casino in 1993 under the name 'Renaissance Goa Resort.'

14. Prism Johnson

• Prism Johnson Limited, initially incorporated in 1992 as Prism Cement Limited, is one of India's leading integrated building materials companies.
• They manufacture various types of cement, glazed and unglazed ceramic tiles, and distribute these products through a network of dealers and retail stores across India.

15. RS Software

• Established in 1991, RS Software stands as a global leader in payment solutions. They diligently serve renowned clients, emphasising knowledge management, innovation, and specialised methodologies. 
• In India, RS Software has played a pivotal role in the development of platforms like the Unified Payments Interface and Bharat Billing Payment Solutions. 

16. Marksans Pharma

• Marksans Pharma, established in 1992 and formerly a wholly-owned subsidiary of Glenmark Pharmaceuticals, emerged as an independent entity in 2003 and was rebranded as Marksans Pharma in 2005.
• Specializing in producing prescription drugs, Marksans Pharma serves various medical areas, including oncology, gastroenterology, anti-diabetic, cardiovascular, pain management, gynaecology, and more.

17. Syncom Formulations

• Syncom Formulations, established in 1995, is a prominent global pharmaceutical company with an extensive portfolio of healthcare products. 
• Their product range comprises 65 branded allopathic products and 32 herbal products.

18. Crown Lifters

• Crown Lifters Ltd, an Indian company, specialises in the trading and renting a wide range of cranes, including Crawler Lattice Boom, Crawler Telescopic Boom, All Terrain Crane, Rough Terrain Crane, Aerial Platform, and Piling Rig.
• With modern technology, a dynamic management team, and a focus on value and client satisfaction, Crown Lifters is expanding rapidly and prepared to meet the market's growing demands.

Conclusion

Muhurat trading in Diwali is a long-withstanding tradition of the Indian Stock Market. On this day, it is considered auspicious to invest in the share market. Our research team at Lakshmishree Investments has compiled the above list of stocks, including companies like Reliance Industries, Jubilant FoodWorks, HCL Tech, etc. You can also read a detailed stock report in the link here -  https://bit.ly/3MAOBVq.

Keep Investing, and Happy Diwali!

FAQs

When did the first Muhurat Trading take place?

In 1957, Muhurat Trading opened for the first time in BSE, and subsequently, in 1992, NSE started the practice.

What is the main aim of investing at the time of muhurat trading?

Investing during muhurat trading is driven by the primary goal of securing long-term financial growth, be it for personal wealth accumulation, gifting to loved ones, or establishing a foundation for the next generation.

What is the timing of Muhurat Trading 2023?

In 2023, muhurat trading will occur on 12th November between 6:15 to 7:15 PM

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