Muhurat Trading: Diwali is approaching, and with Muhurat Trading scheduled for tomorrow, investors are preparing to begin Samvat 2083 on an auspicious note.
After a very volatile and tough Samvat 2082, the lesson of the year is simple: concentration hurts, diversification protects. That is the theme of this Muhurat, said brokerage firm Samco Wealth.
It has identified 10 Indian stocks to buy this Diwali, tomorrow, November 7, during Muhurat Trading across sectors, including power, capital-market infrastructure, information technology, aerospace and defence, telecom, automobiles and music, for investors looking to build their portfolios in the new Samvat.
Samco has recommended buying Azad Engineering in the range of ₹2,405–2,485, with a one-year target of ₹5,108. The company's order book stood at around ₹6,500 crore, with deliveries spread over five to six years. Management expects revenue to grow by more than 25% annually over the coming years. Demand for gas turbines to power data centres is another growth driver. The stock has corrected around 22% from its recent high and is testing its earlier breakout zone. The recommended stop loss is ₹2,222.
Samco has set a one-year target of ₹318.85 for Adani Power, recommending buying in the ₹186–192 range. India's largest private-sector thermal power producer reported a 141.5% year-on-year rise in Q2 FY27 consolidated net profit to ₹7,019 crore, while revenue increased 44.5% to ₹19,439 crore. Power sales rose to 26.4 billion units, and plant load factor improved to 70.1%. The stock is consolidating around its 200-day moving average, with support around ₹175–180. The recommended stop loss is ₹162.70.