Stocks For Muhurat Trading 2022

Muhurat trading takes place on the auspicious occasion of Diwali – Laxmi Pujan. This year it will be on 24^th October 2022 and the timing has been released by NSE and BSE.

In our previous blog, we discussed muhurat trading and all the important things you need to know about it. Here we will tell you about the timings and the stocks for muhurat trading that you can look forward to.

Timings of muhurat trading

The NSE and BSE have released the timings of Muhurat Trading. The main trading session is between 18:15 – 19:15.  The timing for MCX Market is – a Special Session from 18:00 – 18:14. And then the trading session from 18:15 – 19:15 followed by a Client Code Modification Session from 19:15 – 19:30

Past Performance

Last year our Research Analyst Mr. Anshul Jain at Lakshmishree Investments had given these stocks for Muhurat Trading on Laxmi Pujan. Take a look at what were the stocks and the return percent on each of them on that day.

HERE ARE A FEW STOCKS TO WATCH OUT FOR THIS DIWALI

1. BAJAJ FINANCE

Bajaj Finance Ltd. (BAF) is known as the lending arm of Bajaj Finserv Ltd. It has a diverse set of product portfolio that is targeted toward meeting the changing consumer preferences. With a growth of 47% YoY in FY 22, the increasing demand shift towards premium products across the discretionary categories has been sizeable.

The customer acquisition for Q1 FY23 was at an all-time high of 2.7 million and the customer franchise as of 30^th June 2022 stood at 60.3 million. Technology is expected to be the key driver for the business transformation journey of BAF. It will continue to harness it through new product launches faster customer acquisition and simplified operational processes. The NBFC expects to be present in 5,000 locations and 2,00,000 points of sale in the medium-long term expanding from 3,586 locations and 1,38,900+ distribution points as of 30^th June 2022.

2. NESTLE INDIA

Nestle India (NEST) is the Indian subsidiary of the Swiss MNC Nestle SA. NEST has a presence across India and manufactures products under internationally famous brand names such as Nescafe, Maggi, Milky Bar, Kit Kat, Bar-One, Milkmaid, And Nestea.

NEST has reported sustainable revenue growth in the last 22 quarters, where 17 out of the 22 quarters had double-digit growth, 4 quarters had very high single-digit growth and only 1 quarter, during the pandemic had a growth of 2.6%.

Nestle SA has announced an accelerated investment plan for India where the plan is to invest ₹ 50 billion till 2025. The Planned investment is sizable when compared to ₹ 80 billion invested over the last 60 years.

3. RAMCO CEMENTS

Ramco Cement Ltd. is one of the prominent semi-manufacturers in India with a Total installed capacity of 21 million tonnes per annum (MTPA). The company has five integrated cement units, six grinding units, one RMC plant, one dry mortar plant, and a wind farm division.

 For the last few quarters, Ramco has faced downward pressure on its margins due to a sharp rise in input costs, especially power, fuel, and logistic costs. With crude prices now correcting significantly from their peak along with correction in pet coke and coal prices, Ramco is expected to improve its margin profile in the coming quarters.  The company is on track with its expansion plans and has recently commissioned its 5th integrated cement plant at Kurnool. Ramco has also strengthened its focus on the sale of premium products which is growing steadily.

4. SUN PHARMA

Sun Pharmaceuticals Industries Limited is the largest pharmaceutical company from India, the 4th largest especially generic company globally, and the 3rd largest generic pharma company in the US. The company’s global specialty product sales (over 12 specialty products) now account for 13.8% of total revenue vs. 11.3% in Q1F22 and 14.8% in Q4F22.

The company’s generic pipeline comprises 89 ANDAs and 13 NDAs, awaiting approval as of Q1FY23. The company has 4 molecules in the specialty pipeline. For Q1FY23, the company launched 22 new products in the US vs 11 new products in India.

The company has been experiencing healthy traction in the USA revenue over the last four quarters. Specialty business continuous 30% of the US and 13.8% of the overall revenue for Sun Pharma as of Q1FY23.

5. TECH MAHINDRA

Tech Mahindra (TechM) is a Pune-based Indian multinational corporation specializing in technology-based transformation. The company shows mastery in Network services, Engineering services, platform-based solutions, security, digital marketing, CX, BPS, IT, and robust innovation strategy for driving innovation culture. With its 1,21,000 employees across 90+ countries, this company is serving the needs of 1000+clients including several Fortune 500 companies.

Technology, retail, and manufacturing verticals registered healthy growth in QoQ, while BFSI declined due to a currency headwind. Growth was primarily driven by smaller accounts. TechM reported net new TCV at USD 802 million in Q1 (6^th consecutive quarter of TCV > USD 700million) and a higher focus on organic growth will improve FCF generation.

6. VINATI ORGANICS LTD.

Vinati Organics Ltd. (VOL) is a leading manufacturer of specialty chemical and organic intermediaries with a sustained market presence spanning over 35 countries in the world. Since its inception, the company has evolved from being a single-product manufacturer to having an integrated business model. VOL is the global market leader in the manufacturing of ATBS and IBB, with a dominant market share of 65%.

It delivered a sharp uptrend in its consolidated revenues in the previous quarter. The growth will also be supported by the Butyl phenol business (leading manufacturer). Its Antioxidants (AO) market which is operating at 25% capacity is also seeing huge domestic demand and is expected to touch 50% capacity next year.

It will be the sole manufacturer of Iso Amylene in India which finds application in pesticides, medicines flavors, and polymerization inhibitors. Its emphasis on growing the Butyl Phenol business and forays into new ones via its wholly-owned subsidiary Veeral Organics Pvt Ltd will bode well for the company.

7. HINDUSTAN AERONAUTICS LIMITED

Hindustan Aeronautical Ltd. (HAL) is the largest Defence Public Sector Unit (DPSU) and has been given Navratna status by the Government of India in 2007. HAL is of importance to the Indian Defence Forces, being the sole supplier of helicopters, engines, aircraft, and other necessary accessories. The Government’s increased focus on policies like Make in India and Atama Nirbhar Bharat will bode well for the company.  With the Modi government’s vision of a USD 5 trillion GDP by 2025, India should begin producing their own aircraft.

With a monopoly in Indian aerospace, HAL is ready to take off to capture the multi-decade opportunity. After decades of R&D, the company recently won the country’s biggest order in February 2021 which not only opened a bigger pipeline but also reversed its declining order book. HAL operates in an industry with high-entry barriers, enabling it to deliver high ROE and they are not involved in controversial weapons.

Conclusion

Muhurat trading is a time for new opportunities and trying out your luck in the share market. This year muhurat trading is on 24^th October 2022 Monday between 18:15 – 19:15. Our research team at Lakshmishree has compiled a list of the shares that are expected to be most profitable. If you haven’t still opened a Demat account do it now with us at Lakshmishree Investments.

Hope you have a great day at Investing and make the best out of an opportunity that is being given by the stock markets to increase your investments.

Share on Facebook

Tweet

Follow us