The best stocks for Muhurat Trading 2024 include Reliance Industries with a 1-year return of 17.62%, Tata Consultancy Services at 19.69% and HDFC Bank at 16.50%. Bharti Airtel shows an impressive 80.58%, ICICI Bank has 37.04% and Infosys stands at 35.91%. Other notable performers are HCL Technologies with 50.72% and Larsen & Toubro at 14.07%, highlighting significant opportunities in various sectors.
The table below shows the best stocks for muhurat trading in 2024 based on the highest market capitalisation and 1-year return.
| Stock Name | Close Price ₹ | Market Cap (In Cr) | 1Y Return % |
| Reliance Industries Ltd | 2655.70 | 1796896.14 | 17.62 |
| Tata Consultancy Services Ltd | 4057.55 | 1468057.1 | 19.69 |
| HDFC Bank Ltd | 1743.40 | 1330347.78 | 16.50 |
| Bharti Airtel Ltd | 1666.00 | 997124.08 | 80.58 |
| ICICI Bank Ltd | 1255.45 | 884923.15 | 37.04 |
| Infosys Ltd | 1862.05 | 771244.27 | 35.91 |
| Hindustan Unilever Ltd | 2528.05 | 593988.42 | 2.05 |
| HCL Technologies Ltd | 1852.35 | 501270.59 | 50.72 |
| Larsen and Toubro Ltd | 3326.40 | 457378.3 | 14.07 |
| Bajaj Finance Ltd | 6910.15 | 427506.67 | -10.19 |
Content:
Introduction Of Best Stock To Buy In Muhurat Trading
Reliance Industries Ltd
Reliance Industries Limited is a company based in India that is involved in various activities such as hydrocarbon exploration and production, petroleum refining, marketing, petrochemicals, advanced materials, composites, renewables (solar and hydrogen), retail and digital services.
The company operates in segments including Oil to Chemicals (O2C), Oil and Gas, Retail and Digital Services. The O2C segment comprises refining, petrochemicals, fuel retailing, aviation fuel, bulk wholesale marketing, transportation fuels, polymers, polyesters and elastomers.
- Stock Name: Reliance Industries Ltd
- Market Cap: Rs 1,796,896.14 crore
- Close Price: Rs 2,655.70
- 6-Month Return: -9.05%
- 1-Month Return: -9.82%
- 1-Year Return: 17.62%
- Distance from 52-Week High: 21.16%
- 5-Year Average Net Profit Margin: 7.95%
- 5-Year CAGR: 15.37%
Tata Consultancy Services Ltd
Tata Consultancy Services Limited (TCS) is an Indian company that offers information technology (IT) services, consulting and business solutions.
It serves various industries including Banking, Capital Markets, Consumer Goods and Distribution, Communications, Media and Information Services, Education, Energy, Resources and Utilities, Healthcare, High Tech, Insurance, Life Sciences, Manufacturing, Public Services, Retail and Travel and Logistics.
- Stock Name: Tata Consultancy Services Ltd
- Market Cap: Rs 1468057.10 crore
- Close Price: Rs 4057.55
- 6-Month Return: 5.33%
- 1-Month Return: -4.99%
- 1-Year Return: 19.69%
- Distance from 52-Week High: 13.18%
- 5-Year Average Net Profit Margin: 19.22%
- 5-Year CAGR: 13.81%
HDFC Bank Ltd
HDFC Bank Limited, a financial services conglomerate, offers a wide range of financial services including banking, insurance and mutual funds through its subsidiaries. The bank provides various services such as commercial and investment banking, branch banking and digital banking.
Its Treasury segment comprises revenue from interest on investments, money market activities, gains or losses from investment operations and trading in foreign exchange and derivatives.
- Stock Name: HDFC Bank Ltd
- Market Capitalization: Rs 1,330,347.78 crore
- Closing Price: Rs 1,743.40
- 6-Month Return: 15.40%
- 1-Month Return: -0.85%
- 1-Year Return: 16.50%
- Distance from 52-Week High: 2.90%
- 5-Year Average Net Profit Margin: 19.96%
- 5-Year Compound Annual Growth Rate (CAGR): 7.24%
Bharti Airtel Ltd
Bharti Airtel Limited is an international telecommunications company that operates in five key sectors: Mobile Services, home services, Digital TV Services, Airtel Business and South Asia. In India, the Mobile Services segment offers voice and data telecommunications using 2G, 3G and 4G technologies.
Homes Services provides fixed-line phone and broadband services in 1,225 cities across India. The Digital TV Services segment includes standard and HD digital TV services with 3D features and Dolby surround sound, offering a total of 706 channels, including 86 HD channels, 4 international channels and 4 interactive services.
- Stock Name: Bharti Airtel Ltd
- Market Cap: Rs 997,124.08 crore
- Close Price: Rs 1,666.00
- 6-Month Return: 24.45%
- 1-Month Return: -4.59%
- 1-Year Return: 80.58%
- Percentage away from 52-Week High: 6.78%
- 5-Year Average Net Profit Margin: -6.94%
- 5-Year CAGR: 35.24%
ICICI Bank Ltd
ICICI Bank Ltd, established in 1994, is one of India’s leading private sector banks, headquartered in Mumbai. Known for its extensive range of financial products and services, it caters to retail and corporate customers. The bank offers savings and current accounts, loans, credit cards, wealth management and insurance, among other services.
With a robust digital banking platform, ICICI has been a pioneer in leveraging technology for customer convenience and innovation. It operates internationally, with branches in multiple countries and holds a significant market presence in India, making it a key player in the banking and financial services sector.
- Stock Name: ICICI Bank Ltd
- Market Cap: Rs. 884923.15 crore
- Close Price: Rs. 1255.45
- 6-Month Return: 12.72%
- 1-Month Return: -4.42%
- 1-Year Return: 37.04%
- Percentage Away from 52-Week High: 8.51%
- 5-Year Average Net Profit Margin: 14.15%
- 5-Year CAGR: 21.76%
Infosys Ltd
Infosys Limited is a company based in India that offers consulting, technology, outsourcing and digital services. Its business segments cover areas such as Financial Services, Retail, Communication, Energy, Utilities, Resources, Services, Manufacturing, Hi-Tech and Life Sciences.
The remaining segments encompass various businesses in India, Japan, China, Infosys Public Services and other public service enterprises. The company’s core services consist of application management, proprietary application development, validation solutions, product engineering and management, infrastructure management, enterprise application integration and support.
- Stock Name: Infosys Ltd
- Market Cap: Rs 771244.27 crore
- Close Price: Rs 1862.05
- 6-Month Return: 29.45%
- 1-Month Return: -1.52%
- 1-Year Return: 35.91%
- Percentage Away from 52-Week High: 6.95%
- 5-Year Average Net Profit Margin: 17.42%
- 5-Year CAGR: 23.91%
Hindustan Unilever Ltd
Hindustan Unilever Limited, an Indian consumer goods company, operates across five key segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition and Ice Cream. Within the Beauty & Wellbeing segment, the company focuses on selling hair care and skin care, including Prestige Beauty and Health & Wellbeing products.
The Personal Care segment covers skin cleansing, deodorant and oral care products. Home Care involves fabric care and a variety of cleaning products. In the Nutrition segment, the company offers scratch cooking aids, dressings and tea products.
- Stock Name: Hindustan Unilever Ltd
- Market Cap: Rs 593,988.42 crore
- Close Price: Rs 2,528.05
- 6-Month Return: 13.32%
- 1-Month Return: -14.78%
- 1-Year Return: 2.05%
- Distance from 52-Week High: 20.05%
- 5-Year Average Net Profit Margin: 16.62%
- 5-Year CAGR: 3.34%
HCL Technologies Ltd
HCL Technologies Limited is an India-based company specializing in technology services and products. The company operates through three main business segments: IT and Business Services (ITBS), Engineering and R&D Services (ERS) and HCL Software.
The ITBS segment offers a range of IT and business services such as application management, infrastructure support, digital process operations and digital transformation services powered by digital technologies, analytics, IoT, cloud and cybersecurity solutions.
- Stock Name: HCL Technologies Ltd
- Market Cap: Rs 501,270.59 crore
- Close Price: Rs 1,852.35
- 6-Month Return: 23.15%
- 1-Month Return: 3.41%
- 1-Year Return: 50.72%
- Distance from 52-Week High: 1.95%
- 5-Year Average Net Profit Margin: 14.85%
- 5-Year CAGR: 26.71%
Larsen and Toubro Ltd
Larsen & Toubro Limited is involved in a range of activities, including engineering, procurement and construction projects (EPC), hi-tech manufacturing and services. The company operates in various segments such as Infrastructure Projects, Energy Projects, Hi-Tech Manufacturing, IT & Technology Services, Financial Services, Development Projects and Others.
The Infrastructure Projects division focuses on engineering and constructing buildings, factories, transportation infrastructure, heavy civil infrastructure, power transmission and distribution, water and effluent treatment, as well as minerals and metals. The Energy Projects segment provides EPC solutions for the hydrocarbon, power and green energy sectors.
- Stock Name: Larsen and Toubro Ltd
- Market Cap: Rs 457378.30 crore
- Close Price: Rs 3326.40
- 6-Month Return: -8.92%
- 1-Month Return: -9.16%
- 1-Year Return: 14.07%
- Distance from 52-Week High: 17.84%
- 5-Year Average Net Profit Margin: 6.23%
- 5-Year CAGR: 18.48%
Bajaj Finance Ltd
Bajaj Finance Ltd., an NBFC based in India, is involved in lending and deposit-taking activities. The company has a varied lending portfolio catering to retail, SMEs and commercial customers in urban and rural areas of India.
Its product range includes consumer finance, personal loans, deposits, rural lending, loans against securities, SME lending, commercial lending and partnerships and services. Consumer finance options consist of various offerings such as durable finance, lifestyle finance, EMI cards, two and three-wheeler finance, personal loans and more.
- Stock Name: Bajaj Finance Ltd
- Market Cap: Rs 427506.67 crore
- Close Price: Rs 6910.15
- 6-Month Return: -5.27%
- 1-Month Return: -6.58%
- 1-Year Return: -10.19%
- Distance from 52-Week High: 13.70%
- 5-Year Average Net Profit Margin: 22.56%
- 5-Year CAGR: 11.63%
What is Muhurat Trading 2024?
Muhurat trading refers to a specific time during the Diwali festival when stock exchanges in India allow trading for a short period. This auspicious practice symbolises new beginnings and is believed to bring prosperity and good fortune to investors.
Conducted mainly on the day of Laxmi Puja, Muhurat trading lasts for approximately one hour. Traders consider this time ideal for making investments, as it is rooted in cultural traditions and is thought to set a favourable tone for the financial year ahead.
Benefits Of Investing In The Top Stocks For Muhurat Trading
The primary advantage of investing in top stocks during Muhurat Trading lies in aligning with an auspicious market moment, which is believed to bring prosperity. Investors can capitalise on market optimism and seasonal trends for potential gains.
- High-Growth Potential: Leading stocks like Reliance and TCS have shown solid growth over the past year, providing investors with a proven track record and favourable returns in sectors with strong market demand and stability.
- Enhanced Market Liquidity: Muhurat Trading attracts high investor participation, boosting liquidity. This elevated activity level enables smoother transactions and better price discovery, offering a favourable environment for entering or exiting investments.
- Seasonal Market Optimism: Diwali’s auspicious timing contributes to positive market sentiment, creating a bullish environment. This optimism can elevate stock performance, helping investors benefit from the seasonally strong market trends and momentum.
- Opportunity for Portfolio Diversification: Investing in top stocks like HDFC Bank and Bharti Airtel provides exposure to diverse sectors, balancing risk while enhancing returns by incorporating stable, high-performing industries into an investment portfolio.
- Cultural and Traditional Significance: Muhurat Trading holds cultural importance, symbolizing prosperity and success. Many investors believe it brings good fortune, making it an ideal time to start new investments aligned with both financial and traditional values.
Ready to grow your wealth? Explore the Top mutual fund investments this Diwali and set your portfolio on a bright path to prosperity!
Risks of Investing In Stocks During Muhurat Trading
The main risk of investing during Muhurat Trading is the potential for impulsive decisions driven by market sentiment and tradition, which may not always align with solid financial fundamentals, leading to increased investment vulnerability.
- High Volatility: Muhurat Trading sessions often see spikes in volatility due to increased trading volumes in a short period. This sudden price fluctuation can impact investors’ returns, increasing the likelihood of losses on quick trades.
- Emotional Decision-Making: Cultural significance can lead to emotional buying decisions, bypassing thorough analysis. This approach may result in poorly chosen investments, as decisions may be driven by tradition rather than a company’s financial health.
- Short-Term Market Trends: Diwali market optimism may drive up stock prices temporarily, potentially inflating stock values. Investing at peak prices during this period can expose investors to correction risks when market enthusiasm wanes post-Diwali.
- Liquidity Constraints: While many investors participate, some stocks may experience lower liquidity, especially in smaller caps. This lack of liquidity can lead to challenges in buying or selling at desired prices during the limited trading window.
- Overexposure to Seasonal Sectors: Focusing on sectors that traditionally perform well during Diwali, like FMCG or Consumer Durables, may lead to overexposure in these areas. This lack of diversification increases the risk if these sectors face post-Diwali downturns.
How To Invest In Diwali Muhurat Trading Stocks?
Investing in Diwali Muhurat Trading requires strategic planning to maximize returns from this auspicious trading session. Focus on selecting high-potential stocks and timing entries to align with market sentiment for optimized results.
- Choose High-Growth Stocks: Identify stocks with strong annual growth potential in sectors like FMCG, Banking and Consumer Durables, which often see increased demand during Diwali.
- Use Reliable Brokers like Alice Blue: Opt for trusted brokers such as Alice Blue for competitive fees, insightful analysis and a smooth trading experience, essential for maximizing returns during the Muhurat session.
- Set Realistic Profit Goals: Establish profit targets based on historical performance and market trends, helping to manage expectations and avoid impulsive decisions driven by festive enthusiasm.
- Diversify Investments: Spread investments across multiple sectors to balance potential gains and minimize risk, ensuring a well-rounded portfolio for long-term stability.
- Monitor Market Sentiment: Track market sentiment closely before Muhurat Trading to identify momentum in specific stocks, allowing for strategic timing of buys or sells.
Seeking growth opportunities? Read on to explore the Top sectors for Diwali 2024 that could add sparkle to your portfolio!
Stocks For Muhurat Trading – FAQs
Muhurat Trading in India is a special, symbolic trading session conducted by stock exchanges on Diwali, marking an auspicious time believed to bring prosperity. Held for one hour, this tradition aligns with Hindu customs, encouraging investments for good fortune. Investors participate actively, buying stocks to start the new financial year with positive sentiment and potential growth.
The Best Stocks For Muhurat Trading 2024 #1: Reliance Industries Ltd
The Best Stocks For Muhurat Trading 2024 #2: Tata Consultancy Services Ltd
The Best Stocks For Muhurat Trading 2024 #3: HDFC Bank Ltd
The Best Stocks For Muhurat Trading 2024 #4: Bharti Airtel Ltd
The Best Stocks For Muhurat Trading 2024 #5: ICICI Bank Ltd
The top 5 stocks are based on market capitalization.
Top sectors for Diwali investments include Consumer Durables, FMCG, Food & Beverages, Textiles & Apparel and Gems & Jewellery. These sectors benefit from heightened consumer demand and festive spending, with many companies offering promotions and discounts. Investors can capitalise on seasonal highs, making these sectors ideal for potential returns.
The Muhurat Trading session for 2024 is scheduled on Friday, November 1, from 6:00 PM to 7:00 PM IST. This one-hour session includes a 15-minute pre-open period starting at 5:45 PM, and it symbolizes an auspicious beginning for new financial ventures on Diwali.
Before investing in Muhurat Trading 2024, consider your financial goals, stock valuations and sector performance, especially for Consumer Durables, FMCG and Banking, which often perform well during Diwali. Avoid emotional buying and focus on fundamentally strong stocks. Additionally, using a trusted broker can aid in making informed, timely decisions during this high-activity, one-hour trading window.
Muhurat Trading has roots in ancient Hindu traditions, where the practice of conducting auspicious financial transactions began. Indian stock exchanges formalized this tradition, with the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) now holding a one-hour trading session on Diwali. This practice aligns with cultural beliefs in starting the new financial year with prosperity and good fortune.
To participate in Muhurat Trading, open a trading and Demat account with a registered stock broker, like Alice Blue. Fund your account before the Diwali session, research promising stocks and set clear investment goals. On Muhurat day, log in during the designated one-hour trading window, place your orders and track your investments for potential gains.
Yes, intraday trading is allowed during the Muhurat Trading session. Traders can buy and sell stocks within this special one-hour window on Diwali. However, due to the brief timeframe and increased market volatility, it’s crucial to make quick, well-researched decisions. Working with a reliable broker can help in executing timely trades during this auspicious session.
Yes, you can participate in Muhurat Trading from outside India, provided you have an active demat and trading account with an Indian stockbroker. Ensure you can log in during the session’s specific timing, as it’s held for just one hour on Diwali. Coordinate with your broker and check time zone differences to participate smoothly.
Yes, you can sell stocks during the Muhurat Trading session. Both buying and selling transactions are permitted within this one-hour trading period on Diwali. Many investors use this time to adjust portfolios or realize gains. However, due to potential volatility, it’s essential to plan trades carefully to optimize outcomes during this auspicious yet short trading session.
Disclaimer: The above article is written for educational purposes and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
