By Admin 
Muhurta Trading Top Picks: On the occasion of Diwali, the countdown of ‘Muhurat Trading’ has started in the stock market. This year Muhurta trading has been kept on 21st October i.e. today between 1.45 to 2.45 pm. In fact, every year on the day of Diwali, the special trading session held in the stock market for one hour is called ‘Muhurat Trading’. Investment is considered auspicious during this period. This is also considered the beginning of the new era. Asit C Mehta Investment Intermediates (ACMIIL) has suggested some favorite stocks which can bring profits to investors during Muhurta trading. Let us take a look at these stocks for Samvat 2082-
Adani Ports & SEZ
Adani Ports provides integrated logistics services in ports, rail and special economic zones. Apart from India, the company also has presence in countries like Israel, Sri Lanka and Tanzania. Backed by government initiatives like ‘Sagarmala’ and ‘Gati Shakti’, the company is in a good position for volume growth and cost efficiency. Giving a target price of Rs 1,591, the brokerage has advised it to ‘collect’, which indicates an upside of 8.6 per cent from the current price.
Titagarh Rail Systems
The brokerage has also advised to ‘accumulate’ the shares of Titagarh Rail Systems. Also, a target price of Rs 1,072 has been kept for the share, which shows an increase of 21 percent. In this era of rapid modernization of Indian Railways, Titagarh Rail Systems will continue to get the benefit of expansion in the freight corridor. Its wagon annual capacity is 12,000 and the integrated foundry increases its expansion capacity. Its position remains strong with a strong order book of Rs 26,000 crore. With increasing investment in trains like Vande Bharat and Amrit Bharat, the company is in a position to grow its income in double digits.
Polycab India
ACMIIL has given ‘accumulate’ rating to Polycab India shares and has kept the target price at Rs 8,440, which indicates an upside of 10 percent. Polycab is India’s largest wire and cable manufacturing company.
Larsen & Toubro
Giving a target price of Rs 4,565, the brokerage has given ‘accumulate’ rating to the shares of Larsen & Trubow. L&T is a big company in the engineering sector in the country. Its order book is more than three times its annual revenue. Its presence in infrastructure, energy and digital solutions indicates its growth in different sectors. The company is also gradually expanding its scope in the data center and semiconductor segments, which reflects its changing strategy with time.
Cipla
Giving the rating of ‘accumulate’, the brokerage has kept its target price at Rs 1,808, which indicates an increase of 10 percent. Cipla’s multiple innovations in biosimilars, complex injectables and specialty drugs support its global expansion in many emerging markets such as the US and South Africa.
What to do in ‘Muhurat Trading’?
During ‘Muhurat Trading’, book orders first during the pre-open session (1:30-1:45 pm) to avail the information about the opening price of shares. Then, buy shares in the first 30 minutes of normal trading (1:45-2:15 pm) as it is easiest to buy or sell shares at that time due to high activity. Bets on small stocks in the last 30 minutes (2:15-2:45 pm) are best for modifying the portfolio.
However, to earn better profits, preparation should be done in advance and not on the spot. To ensure that your bet proves better, check the quarterly results of the companies and the debt of the company. In this way, prepare a list of some trustworthy companies. Overall, prior research is very important.
Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)
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