SBI Securities, a wholly owned subsidiary of SBI Capital Markets and a part of the State Bank Group, has described Samvat 2081 as a “year of consolidation and base formation”. SBI Securities has described the coming Samvat 2081 as a time when a few key macro-economic fundamentals appear “solid as a rock”. These are the fastest GDP growth in the world, a steady decline in inflation, the manageable twin deficits (current account deficit and fiscal deficit) and rising forex reserves of the country.
It has also stated in a report that Samvat 2081 “time to conserve the profits rather than taking aggressive leveraged bets”. Taking that as the guiding investment philosophy, it has picked a dozen stocks to buy on Muhurat Trading for the coming investment year Samvat 2081. See the Diwali top picks for Muhurat Trading 2024.
Muhurat Trading 2024 Stock Picks
Coal India: The Current Market Price (CMP) is Rs 492. The target is Rs 593, representing an upside of 20.5%.
Nippon Life India Asset Management: While the CMP is Rs 702, the target has been fixed at Rs 825, indicating an upside of 17.5%.
Titagarh Railsystems: The CMP is Rs 1,197 and the target is Rs 1,150 with an upside of 26.1%.
Macrotech Developers: The CMP is Rs 1,161 and the target is Rs 1,398, representing an upside of 20.4%.
Escorts Kubota: While the CMP is Rs 3,815, the target is Rs 4,408, representing an upside of 15.5%.
PG Electroplast: While the CMP is Rs 617, the target is Rs 735, offering an upside of 19.1%.
Bharti Hexacom: While the CMP is Rs 1,507, the target has been fixed at Rs 1,747, representing an upside of 16%.
Chalet Hotels: While the CMP is Rs 873, the target is Rs 1,106, representing an upside of 26.7%.
Arvind Fashions: The CMP is Rs 601 and the target is Rs 725, offering an upside of 20.7%.
Glaxosmithkline Pharma: The CMP is Rs 2,659 and target is Rs 3,195, offering an upside of 20.1%.
Newgen Software Technologies: The CMP is Rs 1,258 and the target is Rs 1,475, offering an upside of 17.3%.
Kilburn Engineering: The CMP is Rs 431 and the target is Rs 532. Therefore, the upside is 23.5%.
How the stock tips for Muhurat 2023 by SBI Securities performed
SBI Securities has said that they picked 10 stocks to buy for Muhurat trading in 2023 and all of them achieved their target prices delivering an average 27.2% return. These were Praj Industries, Titagarh Railsystems, Mrs Bector’s Food Specialities, Goodluck India, Kalyan Jewellers India, Polycab India, Maruti Suzuki India, ICICI Bank, Kolte-Patil Developers and Ultratech Cement.
Muhurat trading 2024 stock picks: The stocks that SBI Securities has picked for Muhurat trading 2024 include Coal India, Titagarh Railsystems, Macrotech Developers, Escorts Kubota, Bharti Hexacom, Arvind Fashions and a few others. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
