Diwali Muhurat Trading 2019: Top 5 shares to buy for huge profit
Diwali Muhurat Trading 2019 stocks are ICICI Bank, Axis Bank, ITC, ICICI Lombard and Godrej Industries, say stock market experts.
Diwali Muhurat Trading 2019 is around and the stock market investors must be hoping to garner big returns on their investments on the auspicious occasion. They have been gathering reports from various share market experts and zeroing on the share to buy on the Diwali Muhurat trading 2019. To make a share market investor's investment a priceless one, here are the top 5 stocks that we have gathered after having discussions with various stock market experts:
1] ICICI Bank: The ICICI Bank share price closed at 469.10 per stock levels on Friday. According to Chandan Tapariya, Derivative & Technical Analyst at Motilal Oswal, "The ICICI bank share price is expected to shoot at Rs 520 in the next three months. So, I suggest share market investors take buy position in the counter with stop loss at Rs 420."
Talking about the ICICI Bank share price, Sumeet Bagadia of Choice Broking, Simi Bhaumik — a SEBI registered technical equity analyst and some more experts bet high on the banking counter citing ICICI Bank is one of the favourite stocks of the FIIs and DIIs.
2] ITC: The ITC share price closed at Rs 247.70 per stock levels on the last trading session. According to Naveen Trivedi, Research Analyst at HDFC Securities, "The ITC share price is highly bullish and one can take a buy position in the counter as the ITC shares are poised for an upside movement up to Rs 368 per stock levels in one year."
Standing in sync with HDFC Securities views Prakash Pandey, MD & CEO at Plutus Advisors said, "The ITC share price can show Rs 320 per stock levels in mid-term perspective means 3-6 months. One can take a buy position in the ITC shares maintaining the stop loss at Rs 225."
3] ICICI Lombard: On account of motor vehicle insurance getting momentum from next month as people buy a vehicle in good numbers during Dhanteras, stock market experts are expecting high returns in the ICICI Lombard share investment. The ICICI Lombard share price closed at around Rs 1330 per stock levels on Friday.
Speaking on the Diwali Muhurat Trading 2019 stocks Chandan Tapariya of Motilal Oswal said, "The ICICI Lombard is showcasing upside momentum for the target of Rs 1500 per stock levels in three to six months." However, Prakash Pandey of Plutus Advisors had different views as far as the target of ICICI Lombard share price in three to six months is concerned. Prakash said that the ICICI Lombard share price would touch Rs 1650 per stock levels in the next three to six-month suggesting stock market investors to take 'buy' on Diwali Muhurat Trading 2019 in the counter. However, Pandey asked Diwali Muhurat traders to maintain a stop loss at Rs 1180 in the counter.
4] Axis Bank: The Axis Bank share price closed at Rs 708.60 on October 25. The banking counter being favourite of the FIIs and DIIs is expected to give high returns to the stock market investors if they take a buy position in the counter on Diwali Muhurat Trading 2019.
Speaking on the Axis Bank share price Darpin Shah, Research Analyst at HDFC Securities said, "Axis Bank share price is showcasing upside momentum and one can buy the banking counter for the target of Rs 958 in the long-term perspective." Standing in sync with Darpin Shah, SEBI registered technical equity analyst Simi Bhaumik said, "Axis Bank shares are looking positive and one can buy the counter at current levels."
5] Godrej Industries: The Godrej Industries share price had a closing at Rs 405 per stock levels on the previous trade session. According to various share market experts, this counter is a good buy for the Diwali Muhurat traders.
Speaking on the Diwali Muhurat Trading 2019 shares to buy Prakash Pandey, MD & CEO at Plutus Advisors said, "Godrej Industries share price is poised for huge upside movement and in one-year perspective, it is expected to show Rs 560 levels. I advise Diwali Muhurat traders to take buy position in the counter in between Rs 390 to Rs 405 levels maintaining the stop loss at Rs 345." Asked about the Godrej Industries as Diwali Muhurat Trading 2019 stock Chandan Tapariya of Motilal Oswal said that the counter will give 4-5 returns in immediate trading sessions to come.