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What are the Top Stock Picks for Muhurat Trading? Find out here.
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Recently, the Indian stock exchanges have announced the Muhurat Trading timings. It will be conducted on the evening of Diwali, that is, on 24th October 2022 between 6:15 PM and 7:15 PM. You can invest in shares and make the most of this auspicious muhurat.


However, if you are unsure about where to invest, then you’ve come to the right place. The research team at Angel One has handpicked some Shagun Ke Shares. You can keep confusion at bay and let these top picks be your ideal choice for doing Investing ki Smart Shuruaat this Diwali.

Top Stocks to Invest in during Muhurat Trading 2022


* Federal Bank 

One of the largest old-gen private sector banks in India, the Federal Bank Ltd. reported good numbers for Q1 FY2023. With rising NII, Advances and improved NPA and profitability, the 76-year-old bank enjoys a secured lending book and superior asset quality. With the economy returning to normalcy, the bank could continue growing till FY2024.

* HDFC Bank

Being India’s largest private bank, HDFC Bank Ltd. enjoys a well-spread-out loan book. Although the change in portfolio mix and higher opex affected the Q1 FY2023 operating numbers, the asset quality has still improved and maintains the best-in-class status quo. However, given the expected growth in retail credit, the stock is trading at a discounted valuation.


* P I Industries

Having operated in the Agrochemical sector for 76 years, PI Industries is a key provider of Custom Synthesis and Manufacturing (CSM) solutions to global players. With its strong customer relationship, the company is looking to diversify its high-margin CSM portfolio to electronic chemicals, pharma APIs, and fluorochemicals. Foray into these new segments is likely to drive PI Industries’ growth in the next 3-4 years.

* Jubilant Ingrevia

One of the flagships of Jubilant Bhartia Group, Jubilant Ingrevia is the second largest global producer of Pyridine - Beta and Vitamin B3. Moreover, the company offers a vast array of life science chemicals, nutrition & health solutions, and other speciality chemicals. At low PE of ~13.5, the stock is a value buy.


To wrap up


If you are a beginner in the world of investing and wondering where to start from, then don’t worry! Angel One’s research team has got you covered with these top stock picks for this Muhurat Trading. So wait no more, karo Investing ki Smart Shuruaat, Shagun Ke Shares ke saath! Click here to learn more details about more such stocks.


Source: Company, Angel Research

CMP based on 14th October closing

Research Disclaimer: https://www.angelone.in/research-disclaimer