The brokerage selected 10 equities across various industries to navigate the post-volatility landscape during the November 7 special trading session. Robust quarterly results and expanding enterprise backlogs underpin the firm's optimistic targets, which range up to 109% in anticipated gains. Notable selections include BSE with a ₹5,441 price objective and L&T Technology Services at ₹6,013.45 due to expanding artificial intelligence deal wins. Debt-free Tips Music and automaker TVS Motor also featured among the recommended portfolio additions.
Key points
Substantial order books are driving optimistic return forecasts for multiple infrastructu…: Substantial order books are driving optimistic return forecasts for multiple infrastructure and engineering selections.
Technology and exchange platforms are positioned to capitalize on rising AI investments a…: Technology and exchange platforms are positioned to capitalize on rising AI investments and mutual fund distribution growth.
Broader portfolio diversification remains a central strategy to counter the market turbul…: Broader portfolio diversification remains a central strategy to counter the market turbulence observed in Samvat 2082.
Sources checked by our analysis pipeline: 1
Muhurat Trading: Diwali is approaching, and with Muhurat Trading scheduled for tomorrow, investors are preparing to begin Samvat 2083 on an auspicious note.
After a very volatile and tough Samvat 2082, the lesson of the year is simple: concentration hurts, diversification protects. That is the theme of this Muhurat, said brokerage firm Samco Wealth.
It has identified 10 Indian stocks to buy this Diwali, tomorrow, November 7, during Muhurat Trading across sectors, including power, capital-market infrastructure, information technology, aerospace and defence, telecom, automobiles and music, for investors looking to build their portfolios in the new Samvat.
Highest upside in the list
Samco has recommended buying Azad Engineering in the range of ₹2,405–2,485, with a one-year target of ₹5,108. The company's order book stood at around ₹6,500 crore, with deliveries spread over five to six years. Management expects revenue to grow by more than 25% annually over the coming years. Demand for gas turbines to power data centres is another growth driver. The stock has corrected around 22% from its recent high and is testing its earlier breakout zone. The recommended…
Record earnings from the copper division and operational recovery at Novelis propelled Hindalco Industries to strong second-quarter financial growth. While elevated domestic coal prices threaten to temporarily increase domestic aluminium production costs in the coming quarter, broader market sentiment remains reinforced by robust earnings diversification away from London Metal Exchange swings.
Market participants entering the auspicious Samvat 2083 session face a landscape defined by thin liquidity and technical resistance near recent market highs. Analysts advise against placing aggressive bets, instead recommending a selective, stock-specific approach that capitalizes on low benchmark valuations while sidestepping overheated market segments. Investors must carefully navigate key technical boundaries alongside external macroeconomic headwinds like crude oil fluctuations.
Strong foreign institutional inflows and lower crude oil prices sparked a massive weekly rebound across Indian equity benchmarks, pushing the Nifty 50 past key technical milestones. Market participants are positioning for additional momentum during the upcoming festive session as major indices flash technical breakouts. However, analysts warn that elevated momentum indicators could trigger near-term consolidation following the sharp advance.