Diwali, the Festival of Lights, is one of India’s most celebrated festivals. It symbolizes happiness, wealth, and expectation of a better future. In the financial world, Diwali is followed by Muhurat Trading, a special session on the stock exchange. This tradition is because it is considered lucky to purchase stocks during Diwali, an Indian festival understood worldwide as the festival of lights. Muhurat Trading takes place on November 1 in the current Hindu year which is also the commencement of a new Hindu Samvat year 2081.
If you’re looking to invest during this auspicious time, here are five stocks with strong growth potential: Anand Rathi, Indegene, Mphasis, Emudhra, and Tata Power. These are investment recommendations about the performance of the stock and its future expectations. You can sign up for an account with Angel One, a frequently used online stocking trading platform.
1. Anand Rathi – Bright Future in Brokerage Businesses
Current Price: ₹3996.25
Anand Rathi is one of the recognized brokerage companies in India. They include investors who spend their money in security and those who invest in large amounts for their companies or institutions respectively. It is currently doing well and experts predict that it will record better results in the following months.
Share Price Targets:
- Short-Term: Price may extend up to ₹4,514.75 having technical support at ₹4,070.05.
- Mid-Term: The target is at 4451.94 while the support level is at 3866.03.
- Long-Term: With the stock already up and if the market conditions are right, it can go a notch higher.
Also known as Diwali trading, Muhurat Trading may benefit from Anand Rathi due to its strong and even rosy outlook. To know more about trading this stock, please go through the link as Angel One provides the information.
2. Indegene – Raising Expectations for Growth in Healthcare Technology
Current Price: ₹675.45
Indegene is a technology-led healthcare solutions company. It offers services to healthcare-related companies, such as digital enabling services. If healthcare and technology are to gradually progress further then Indegene has a bright future ahead.
Share Price Targets:
- Short-Term: It was projected that this stock would be around ₹693.48 with a downside target of around ₹682.93.
- Mid-Term: It could rise to ₹736.30 if the target set is followed consistently.
- Long-Term: It is forecasted that it could reach up to ₹881.20 by 2026 or ₹1,278.15 by 2030 according to analysts.
It should therefore come as no surprise that Indegene has positioned itself as a healthcare technology firm – this places the company on the path of steady growth within a stable industry. For more elaborate discussion, go to legitimate bloggers such as Munafa Sutra or, visit Indegene on the stockbroking platform, Angel One.
3. Mphasis – A guide to IT & DT
Current Price: ₹3041.05
Mphasis is one of the premier IT services companies located in India. It currently majors in digital business, cloud, and IT. It is expected that the working of the company will improve with the advancement in other firms with digital technologies.
Share Price Targets:
- Short-Term: Targets near to current are at ₹2,970.75-₹3,080.30.
- Mid-Term: Business analysts have set an upside target of ₹3,200 for the stock.
- Long-Term: The stock may climb as high as ₹3,800 in the next few years for Mphasis, based on market conditions.
Therefore, Mphasis is well placed to expand as organizations embrace digital services as an investment. If anyone wants to invest in Mphasis, they can do so through Angel One because this stock is easy to find.
4. Emudhra – Riding the wave of Digital Solutions
Current Price: ₹880.90
Emudhra is an Information Technology company majoring in digital authentication and digital signatures. Looking at the future of the Indian economy, it is going to become more digital in its operations, and this makes the future of Emudhra appear bright.
Share Price Targets:
- Short-Term: Above the upside target of ₹906.70 is available with support at ₹867.10.
- Mid-Term: Supposed to be at ₹ 951 once the market advancements are included.
- Long-Term: Pune-based Emudhra can further touch ₹1,014.73, said some of the analysts.
Emudhra works in digital solutions, which is why the company is rather interesting to invest in. To get more information regarding its current price and its targets, you can now turn to sites like Munafa Sutra and search for Emudhra on the Angel One app.
5. Tata Power – Emergence with Renewables
Current Price: ₹422.10
Tata Power is one of the largest integrated power utilities in India, primarily in the renewable energy business. Looking forward to a cleaner more sustainable world energy market, Tata Power is set for long-term growth.
Share Price Targets:
- Short-Term: Price target set at ₹430.60/-. Buy support at ₹406.
- Mid-Term: It was forecasted to reach to ₹513 within a year time period.
- Long-Term: Tata Power might get to ₹1,152 by 2030 the analysts stated.
In particular, strategic directions at Tata Power Companies to focus exclusively on sustainable energy solutions are in harmony with global tendencies. That alone makes it good for long-term investment.
Tips for Muhurat Trading
Muhurat Trading is done basically for the purpose of making the start of the financial year auspicious. Here are some tips for this special trading session:
- Research: Spend a good deal of time to ascertain the type of stocks and what industry they belong to. Well, as you see, Muhurat Trading is short, thus it is better to have an idea of what you want in your trade.
- Set Goals: Determine whether you are concerned with generating a particular income in the shortest time possible or whether your main concern is the compound achievement of growth in the investment. This assists you to filter out stocks that do not relate to its objectives.
- Diversify: Diversify your investments because when you put your money in different sectors you stand to minimize your risks.
- Stay Informed: Still, it is crucial to notice that the fluctuations in Indian Rupee can occur, for example on Diwali, so market news should be monitored.
Final Thoughts
In Muhurat Trading, Anand Rathi, Indegene, Mphasis, Emudhra, and Tata Power are the favorites for this Diwali. All are great in a certain way and are sound propositions for short-term focus and long-term building. All these stocks belong to different parts of the economy including finance, health, technology, and energy industries among others thus;
Disclaimer: Finally, in investing, particularly in the stock market is said to have risk factors. All the information shared here should not be considered to be used in practice. All investments should be discussed with a financial consultant before purchase decisions are made.
By including our Diwali Muhurat Picks in your list then you can light up your new financial year with the flame of potential growth. To invest in these stocks, you can sign up on Angel One the most secure trading platform for selling and buying of stocks.
