Diwali is not just a celebration of light, prosperity and new beginnings; it is also an occasion when investors look to welcome Goddess Lakshmi into their portfolios. Keeping with this age-old tradition, the stock market's annual Muhurat trading session offers investors an opportunity to make symbolic investments and seek prosperity in the year ahead.
As Samvat 2083 begins, investors will be watching the special trading session on Sunday, 8 November, with the NSE and BSE scheduled to open at 2:20 PM IST.
HDFC Securities has recommended 10 stocks across sectors for investors looking to make fresh investments during the Muhurat trading session and hold them until the next Diwali. The brokerage's picks span cement, power, energy, defence, automobiles, housing finance, textiles, metals, pharmaceuticals and infrastructure.
The brokerage has highlighted companies with strong growth prospects, improving operational efficiencies, healthy order books and favourable industry trends.
Its picks include Ambuja Cement, Adani Power, Coal India, Bharat Electronics, Maruti Suzuki India, Can Fin Homes, KPR Mill, Tata Steel, Emcure Pharmaceuticals and Larsen & Toubro.