HDFC Securities recommends ten stocks for Muhurat trading ahead of Diwali
HDFC Securities has listed ten equities across various sectors for investors to buy during the Muhurat trading session on 8 November, providing target prices and suggested entry ranges.
Investors planning to participate in the Muhurat trading session on 8 November can consider ten stocks highlighted by HDFC Securities, which expects the picks to deliver growth through the next Diwali. The brokerage selected companies from cement, power, mining, defence, automotive, housing finance, textiles, steel, pharmaceuticals and infrastructure, citing strong order books, operational improvements and favourable industry trends.
Ambuja Cement is targeted at ₹481 with a buying range of ₹347–₹362, as the firm aims to improve margins through higher green-power usage and logistics efficiencies. Adani Power received a target of ₹234 and a buying range of ₹185–₹195, supported by long-term power purchase agreements that should enhance revenue visibility.
Coal India was given a target price of ₹490 and a buying range of ₹389–₹405, with expectations of robust volume growth and higher e-auction premiums. Bharat Electronics (BEL) carries a target of ₹475 and a buying range of ₹368–₹378, backed by a debt-free balance sheet and a strong order pipeline.
Maruti Suzuki India’s target is ₹13,904 with a buying range of ₹11,200–₹11,600, as the automaker benefits from capacity additions, a healthy backlog and a new Brezza facelift. Can Fin Homes is recommended at ₹845, buying between ₹720–₹740, based on projected loan growth of over 15% in FY27.
KPR Mill received a target of ₹1,289 and a buying range of ₹1,098–₹1,129, with anticipated recovery in garment realisations and benefits from the India-UK free-trade agreement. Tata Steel’s target price is ₹210, with a buying range of ₹168–₹175, reflecting expected volume growth and cost-saving initiatives.
Emcure Pharmaceuticals is targeted at ₹2,208, buying between ₹1,863–₹1,898, as the company focuses on women's health, cardio-metabolic therapies and other specialty segments. Larsen & Toubro carries a target of ₹4,458 with a buying range of ₹3,840–₹3,935, driven by a strong order book and expanding international project pipeline.
HDFC Securities advises investors to consult certified experts before making any investment decisions.