New Delhi: Diwali 2024 comes at a time when markets are witnessing volatility owing to geopolitical factors. The Sensex and Nifty have taken a significant hit to their valuation erasing a major chunk of investor wealth owing to net selling by foreign institutional investors.
However, with the festival of lights, considered to be auspicious for broader wealth and well-being, upon us, it is time for investors to consider buying stocks during the muhurat trading session of the BSE and NSE on November 1, 2024. Muhurat trading is an auspicious trading window on Diwali date which is considered lucky for investors. Trades carried out during this window are meant to ring in prosperity for the entire upcoming year.
Brokerage firm Anand Rathi shares and stock brokers gave a BUY call on 7 stocks including IFCI, IRB and BEML among others.
Anand Rathi Diwali stocks to Buy
Brokerage Anand Rathi has given a BUY call in 7 stocks, namely:
IFCI share price target
Anand Rahti brokerage has given a BUY call on IFCI’s stock with stop loss at Rs 44 apiece and targets at Rs 80 and 88 apiece. Investors can purchase the stock in the Rs 56-61 apiece range.
IRB share price
Anand Rathi recommends buying IRB’s shares at Rs 55-60 apiece with stoploss at Rs 43 apiece and targets at Rs 79 and 86 apiece.
JWL share price target
Investors may purchase JWL’s stocks at RS 495-525 apiece while maintaining stop loss at Rs 390 apiece and booking profits at Rs 700 and 760 apiece.
Hindustan Zinc stop loss
Anand Rathi has given a stop loss of Rs 380 apiece for Hindustan Zinc and given a BUY call at Rs 480-520 apiece Hindustan Zinc’s shares are likely to hit the target price at Rs 680 and 750 apiece.
Tata Tech BUY call
Anand Rathi has given a BUY call on Tata Tech’s stocks in the range of Rs 1040-1080 apiece with stop loss at Rs 865 apiece and target price of Rs 1,360 and Rs 1,450 apiece.
GRSE share price target
GRSE’s share price target has been set at Rs 2,425 and 2,650 apiece with buy call at Rs 1,780-1,700 apiece. Stop loss can be set at Rs 1,300 apiece.
BEML share price target
Anand Rathi has given a BUY call on BEML’s shares at Rs 3,700-3,900 apiece and stoploss at Rs 3,800 apiece. The stoploss should be set at Rs 2,975 apiece and targets of Rs 4,800 and Rs 5,400 in 1-2 years.
(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: Brokerage firm Anand Rathi shares and stock brokers gave a BUY call on 7 stocks including IFCI, IRB and BEML among others. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
