Diwali Muhurat Trading: Top 10 ‘Shagun Stocks’ to Bring Good Fortune This Festive Season
As investors gear up for the auspicious Diwali Muhurat trading session, brokerages have identified a list of ‘Shagun Stocks’, companies that are expected to bring good fortune this festive season with strong fundamentals and solid upside potential.
What are Shagun Stocks?
Shagun Stocks are companies that are expected to perform well in the upcoming months, driven by their robust order books, healthy balance sheets, and improving profitability. These stocks are considered top picks for investors seeking festive cheer in their portfolios.
Top 10 Shagun Stocks for Diwali Muhurat Trading
The 10 stocks listed below, each covered by more than 10 analysts, feature robust order books, healthy balance sheets, and improving profitability, making them top picks for investors seeking festive cheer in their portfolios.
- HG Infra Engineering Ltd.
- Crompton Greaves Ltd.
- Somany Ceramics Ltd.
- Info Edge Ltd.
- PNC Infratech
- Birla Corp
- Greenply Industries
- Aptus Value Housing
- Orient Electric
- DCB Bank
Why These Stocks are Expected to Perform Well
These stocks collectively reflect strong institutional confidence and resilient business fundamentals amid an improving macroeconomic backdrop. Leading the list is HG Infra Engineering Ltd., with analysts projecting a potential upside of up to 60%, followed by Crompton Greaves Ltd., Somany Ceramics Ltd., and Info Edge Ltd., which also offer attractive return prospects.
Infrastructure and housing-related plays such as PNC Infratech, Birla Corp, and Greenply Industries are also among the favourites, reflecting optimism around India’s ongoing capex cycle and resilient consumer demand.
Key Factors Driving Growth
Several key factors are driving the growth of these Shagun Stocks, including:
- Robust order books: Many of these companies have strong order books, which provide visibility on future revenue and profitability.
- Healthy balance sheets: These companies have healthy balance sheets, with low debt and strong cash flows, which enable them to invest in growth initiatives.
- Improving profitability: These companies are expected to report improving profitability, driven by operational efficiency and cost savings.
How to Trade These Stocks
If you’re looking to trade these Shagun Stocks, here are some tips:
- Conduct thorough research: Before investing in any stock, it’s essential to conduct thorough research and analyze the company’s financials, management, and industry trends.
- Set a budget: Decide how much you want to invest and stick to your budget.
- Use technical analysis tools: Technical analysis tools can help you identify trends and patterns in the stock market, enabling you to make informed investment decisions.
Conclusion
In conclusion, the top 10 Shagun Stocks for Diwali Muhurat trading are expected to bring good fortune to investors this festive season. With their strong fundamentals and solid upside potential, these stocks are considered top picks for investors seeking festive cheer in their portfolios. However, it’s essential to conduct thorough research and analyze the company’s financials, management, and industry trends before investing in any stock.
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