Stocks to Buy on Diwali 2024: Bank of India, SBI, Reliance and more

Stocks to Buy on Diwali 2024: Bank of India, SBI, Reliance and more

Mumbai: HDFC Securities has suggested buying shares of Bank of India, JK Lakshmi Cement, Jyothy Labs, State Bank of India, L&T Finance, Reliance Industries during the Diwali 2024 period. The stock broker company shared the target price for the recommended stocks, saying the counters are projected to reach the target levels by next Diwali.

Muhurat Trading 2024: This trading window signals the beginning of Samvat 2081. During this time period, stock market investors  tend to buy shares of companies of their choice as it is considered an auspicious time to invest money in the stock market. BSE and NSE have conformed that National Stock Exchange (NSE) notification, the Muhurat Trading session will be held on Friday, November 1.

Muhurat Trading
Start Time
End Time

Pre Open
17:45:00
18:00:00

Normal Market
18:00:00
19:00:00

Block Deal Session
17:30:00
17:45:00

Special Preopen Session ** (For IPO & Relisted security)
17:45:00
18:30:00

Normal market open time for stocks in special preopen session
18:45:00
19:00:00

Call Auction Illiquid session
18:05:00
18:50:00

Closing Session
19:10:00
19:20:00

Reliance Industries share price target

Buy range: 2447-2716
Target price: Rs 3243

HDFC Securities gave a Buy rating on Reliance Industries (RIL) within the range of Rs 2447-2716 the target price of Rs 3243.

SBI share price target

Buy range: 733-813
Target price: Rs 960

Buy State Bank of India shares in the range of Rs 733-813 apiece with a target price of Rs 960, HDFC Securities stated in its Diwali Stock Picks 2024 report.

Bank of India share price target

Buy Range 96-106
Target price: Rs 132

HDFC Securities initiated a Buy call on Bank of India share. The brokerage suggested the counter to be purchased within the range of Rs 96-106 with a share price target of Rs 132.

Buy call on JK Lakshmi Cement

Buy Range: Rs 738-819
Target price: Rs 936

The online brokerage firm gave a Buy rating on JK Lakshmi Cement. It recommended the stock to be bought in the range of Rs 738-819 with a target price of Rs 936.

Jyothy Labs share price target

Buy Range: Rs 480-533
Target price: Rs 600

HDFC Securities advocated for Jyothy Laboratories to be bought in the range of Rs 480-533. The counter has the potential to appreciate to the level of Rs 600 by Diwali 2025.

Buy rating on L&T Finance

Buy Range: Rs 153-170
Target price: Rs 219

The brokerage firm advised the stock market enthusiasts to purchase L&T Finance stock in the range of Rs Rs 153-170. The scrip is projected to reach the target price of Rs 219 by next Diwali.

(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)

 

 Diwali Stock picks: Stocks to invest for long term – HDFC Securities initiated a Buy rating on shares of Reliance Industries, State Bank of India, L&T Finance, Bank of India, JK Lakshmi Cement, and Jyothy Labs.  Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today