Looking for stock ideas for the special 'muhurat' trading session on the day of Diwali? As Dalal Street enters Samvat 2080, the New Year as per the Vikrami calendar which is about 56-57 years ahead of the Gregorian calendar, brokerages line up their top picks for the year ahead. 

Religare Broking

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The brokerage has shared five stock picks from sectors such as FMCG, IT, financial services and automobiles, for returns to the tune of 14-23 per cent over the course of the year ahead. Here are the five picks: 

Stock Recommendation price Target price Upside (%)
TCS 3382 4089 20.9
ITC 437 535 22.4
Axis Bank 1022 1167 14.2
Maruti Suzuki India 10322 12714 23.2
SBI Life Insurance 1346 1644 22.2

Motilal Oswal Financial Services 

The brokerage has lined up four 'buy' calls for the Vikrami New Year for a potential upside of 18-34 per cent: 

Motilal Oswal Financial Services has set a target of Rs 480 for Indian Hotels shares, implying an upside of 18 per cent from the recommendation price. 

Its second pick for Samvat 2080 is Dalmia Bharat, with a target of Rs 2,800. MOFSL's target implies an upside of 34 per cent in the stock. 

The brokerage has Restaurants Brands Asia as its Diwali pick with a target of Rs 135. 

IIFL Securities

The brokerage has shared three stock picks for Diwali 2023: 

Stock Target price Upside (%)
CMS Info Systems 439 16
JSW Energy 450 17
Kaynes Tech 2765 12

Muhurat trading

Stock exchanges BSE and NSE will the muhurat trading session from 6 pm to 7:15 pm on Sunday, November 12, as the country celebrates Diwali. The special session each marks the onset of the New Year as per the Vikram Samvat or Vikrami calendar. Many traders believe that gains made this session bring prosperity and wealth during the course of the year ahead.