Diwali Muhurat Stock Picks 2023: Geojit Recommends 10 Stocks For Diwali Portfolio 2023

On Diwali, there is a one-hour trading period known as Muhurat trading or auspicious trading. Whether you are seeking long-term investments or short-term benefits, it is important to clearly define your financial objectives. Risk management is a crucial component that we shouldn't ignore. Since everyone has a different level of risk tolerance, muhurat traders can purchase stocks based on fundamental analysis for long-term returns or technical analysis for short-term trading possibilities. The brokerage firm Geojit Financial Services has recommended 10 stocks to buy during Diwali 2023.

HDFC Bank

We expect the NII to have bottomed up and anticipate a gradual recovery in the near term. The merger with HDFC Ltd (NBFC), is likely to be beneficial in the medium to long term. While valuation has become attractive, said the brokerage.

PI Industries

With a sustainable margin profile of over 25% we expect the earning to grow by 20% over FY23-25E. The company's strong focus on Diversification, R&D, strategic acquisitions, CSM order book, and export growth are set to support its future performance, said the equity research team Geojit broking firm.

Biocon

Increase in market share across the U.S and European market, higher traction for biosimilars with new product launches and increased investment in R&D augur well for futures performance, stated the brokerage.

TTK Prestige

Demand and margins to improve aided by upcoming festive season and lower input price. The long-term outlook remains positive given rising middle-income households, improvement in the real estate sector, and easing input prices, along with TTK's strong brand recall, stated the brokerage.

Amara Raja Energy & Mobility

A strong value buying opportunity in the battery segment to support long term visibility. Investment for technological up-gradation in the lithium ion project for 2W/3W batteries is progressing as per schedule and has started supplying lithium battery packs for 3W applications.

Asian Paints

We expect demand to pick up from H2FY24 led by longer festival and marriage season while expansion in the distribution network to support the decorative volumes. Despite a spike in oil prices, superior product mix and pricing power will aid earnings in the coming quarters, said the broking firm.

Crompton Greaves Consumer Electricals

Superior product mix in the fan segment and higher contribution from the ceiling lights to boost revenue in the medium to long term. The strategic initiative taken by the company to expand the market through innovative launches and cost optimization will result in increased profitability, said Geojit Financial Services.

Zee Entertainment

The subscriptions segment displayed a strong performance, and we expect the ad revenue to improve as advertising spending by the companies has started picking up. Moreover, merger between ZEEL and SPNI will enhance margin expansion by reducing content cost, according to the brokerage.

PVR Inox

The company anticipates achieving robust revenue growth and profitability in the upcoming festival season, driven by new screen additions and a strong content pipeline, resulting in improvement in the Average ticket price and a robust Spend Per Head (SPH) on food, said the research analysts of the brokerage.

Reliance Industries

The company exhibited resilience amid energy market fluctuations. Going ahead, its retail business, Jio and entertainment will be pivotal catalysts for future growth. Additionally, the company's robust cash flows and proactive pursuit of new opportunities, particularly in clean energy, contribute to a promising long-term outlook, stated the brokerage.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.