New Delhi: Brokerage JM Financial has given a target price on stock recommendations for Diwali muhurat trading and Dhanteras. The BSE and the NSE conduct special trades for a stipulated period on Diwali. This is called muhurat trading and considered auspicious for traders.
From Reliance Industries to Olectra, here are stocks that may be considered for muhurat trading by Indian investors.
JM Financial Diwali stock recommendations
S. No.
Stock
Upside (in %)
1
Reliance
28
2
Power Grid
18
3
Bajaj Finance
18
4
ICICI Lombard
17
5
Jindal Steel
19
6
Nalco
17
7
Gravita
21
8
Lodha
23
9
Olectra
27
RIL share price
JM Financial recommended Reliance Industries’ stock with a 28 per cent upside. RIl’s stock was up 0.42 per cent on Tuesday since it was trading ex-bonus. The company’s share price was down 0.09 per cent over the past 5 days. Over the past month, the company’s share price was down 9.25 per cent. RIL’s share price was down 8.53 per cent in the past 6 months. In the past year, RIL’s share price rose 15.89 per cent.
Olectra Greentech share price
JM Financial gave a BUY call on Olectra Greentech with a 27 per cent upside. The company’s share price was up 0.08 per cent in the past day, but down 3.04 per cent in the past 5 days. It was down 2.14 per cent in the past month, and 6.18 per cent in the past 6 months, but up over 42 per cent in the past year.
Lodha share price
JM Financial gave a BUY call in Lodha or Macrotech Developers with a 23 per cent upside. The company’s share price rose 6.78 per cent on Tuesday and 12.49 per cent in the past 5 days. However, the company’s stock was down over 4 per cent in the past month, and 6 months, but up over 55 per cent in the past year.
(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 2024: From RIL to Olectra, here re stocks that are likely to remain in focus for buying on Dhanteras and Diwali, according to JM FInancial. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
