Samvat 2076: Here Are More Than 20 Stocks Brokerages Are Betting On This Diwali
Domestic stock markets will start Samvat 2076 with a special one-hour Muhurat trading session on September 27. Equity market benchmark indices S&P BSE Sensex and NSE Nifty 50 concluded Samvat 2075 with returns of 11.62 per cent and 10.01 per cent respectively. The special trading window - or the Muhurat trading session - is to mark the beginning of year Samvat 2076, which will end on the eve of Diwali 2020. Many traders believe gains made during the Muhurat session bring prosperity and wealth in the year ahead.
Brokerages have shared their top Diwali picks for Samvat 2076:
| Brokerage | Stock | Target price |
|---|---|---|
| Motilal Oswal | ICICI Bank | Rs 550 |
| SBI | Rs 350 | |
| HDFC | Rs 2,600 | |
| Bharti Airtel | Rs 415 | |
| Hindustan Unilever | Rs 2,265 | |
| Larsen & Toubro | Rs 1,900 | |
| IDBI Capital | Finolex Industries | Rs 770 |
| HDFC Life | Rs 718 | |
| ITC | Rs 310 | |
| Reliance Nippon Life Asset Management | Rs 382 | |
| Tata ELXSI | Rs 1,050 | |
| Religare | Havells India | Rs 795 |
| Mahindra & Mahindra | Rs 695 | |
| Marico | Rs 451 | |
| Maruti Suzuki | Rs 7,936 | |
| Voltas | Rs 780 | |
| Nirmal Bang | Britannia | Rs 3,645 |
| Blue Star | Rs 965 | |
| City Union Bank | Rs 258 | |
| indian Hotels | Rs 171 | |
| Inox Leisure | Rs 440 | |
| Manappuram Finance | Rs 173 |
In Samvat 2075, which began on November 7 (Diwali 2018) and ended on the eve of Diwali 2019, October 26, the Sensex added 4,066.15 points and the Nifty gained 1,053.9 points. Top gainers on the 50-scrip index during this period were Bharat Petroleum (83.46 per cent), Bajaj Finance (70.06 per cent) and Titan (57.68 per cent). (Also read: Seven Nifty Stocks That Provided More Than 40% Return In Samvat 2075)
The financial markets will remain closed on Monday, October 28 for Diwali Balipratipada or Govardhan Puja. Trading will resume next on Tuesday, October 29.