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Muhurta Trading 2024: In view of the Diwali 2024 festival, trading activities at Bombay Stock Exchange (BSE) and National Exchange (NSE) will remain closed today. Therefore, there will be no action in the equity segment, equity derivatives segment and SLB segment today. However, the one-hour Muhurat Trading 2024 session will take place on Friday from 6:00 PM to 7:00 PM. Since making new investments during muhurat trading sessions is considered auspicious, Hansex Securities recommends nine stocks to buy today: SBI, KEI Industries, ITC, Yatharth Hospital, Gravita India, Skippers, Nuvama Wealth Management, Paytm and India Glycols.
Stocks to buy on Muhurat Trading 2024
1]SBI: The brokerage suggests buying SBI shares at ₹822 for a target of ₹1000 during Samvat 2081.
On the fundamental factors driving SBI's share price in Samvat 2081, Hansex Securities said, “The company has seen consistent sales and profit growth over the last eight quarters. “Net income is expected to grow by 9.6% in FY 2025.”
2]KEI Industries: The stock is currently trading around ₹4,000 per share, and the brokerage expects the share price of KEI Industries to reach ₹5,500 to ₹5,700 during Samvat 2081.
On the fundamentals driving KEI Industries share price in Samvat 2081, Hansex Securities said, “KEII recorded a strong growth of 17% YoY during 2QFY25. The growth was mainly led by HT and LT cables, which grew 32% YoY during the quarter. Revenue grew ~17% YoY to ₹22.8 billion. 1HFY25 revenue grew 16.4% YoY to ₹43.4 billion. EBIT margin stood at 10.5% as against 10.8% in 2QFY24. EBITDA increased 8.2% YoY to ₹2.2 billion.
3]ITC: The FMCG stock is trading around ₹490 per share, and the brokerage expects ITC share price to reach ₹600 per share during Samvat 2081.
On the fundamentals that will boost ITC's share price in Samvat 2081, Hansex Securities said, “ITC displayed a resilient revenue growth performance in Q2FY25 with cigarette volume growth driving stable performance across all segments, offset by cost inflation. Calibrated price to navigate is stable at ~3% YoY despite growth. Revenue grew by 17% in Q1FY25 due to growth in hotel business (+12% YoY), agri business (+47% YoY) and sustained performance in cigarette business (+7% YoY and ~8% 2Y CAGR) in Q1FY25. Volume growth trajectory improved (~3% YoY) compared to ~2.5% YoY. FMCG revenue growth trajectory remains stable despite muted demand conditions (+5% YoY and +8% 2Y CAGR).
4]Yatharth Hospital: The stock is currently trading around ₹660, and is one of Hansex Securities' Samvat 2081 picks. The brokerage expects Yathar Hospital share price to reach ₹825 to ₹850 during Samvat 2081.
On the fundamentals that have driven Yatharth Hospital's share price during Samvat 2081, Hansex Securities said, “The company's ARPOB increased by 9% YOY to ₹30,551 in Q1FY25. Occupancy levels improved to 61% in Q1 FY25, compared to 51% in Q1 FY24; Faridabad hospital achieved 13% occupancy in its first full month of operation. Yatharth has increased its stake in super specialties and introduced oncology and robotics to improve ARPOB. “To improve the payer mix, the company focuses on growing self-payers, private insurance and international business.”
5]India Glycols: The stock is currently available at around ₹1,200, and the brokerage has given a target of ₹1,750 to ₹1,800 during Samvat 2081. This means that India Glycols' share price could rise by up to 50 percent during Samvat 2081.
On the fundamentals driving India Glycols share price during Samvat 2081, Hansex Securities said, “India Glycols (IGLY) reported 41% YoY growth in net revenue, 26% YoY growth in EBIDTA and 18% YoY growth in consolidated PAT in Q1FY25. Recorded % YoY growth. BSPC segment recorded 57% YoY growth in net revenue to ₹632 crore, helped by 268% YoY growth in revenue from biofuels to ₹239 crore. “On a quarterly basis, biofuels recorded a 30% growth in revenues, but the overall BSPC segment remained stagnant due to a 10% decline in revenues from other products.”
6]Paytm: The stock is available at around ₹758 per share, and the brokerage believes that Paytm share price could touch ₹1,000 per share during Samvat 2081.
On the fundamentals that will boost Paytm's share price during Samvat 2081, Hansex Securities said, “Total revenues are expected to grow from ₹7,990 crore in FY2023 to ₹9,978 crore in FY2024, on a YoY basis. Growing at the rate of 25%. The company's monthly transaction users (MTU) are expected to grow 16% YoY from 8.2 crore in FY2023 to 9.6 crore in FY2024 as a result of increased adoption of payment use cases. Lender partners disbursed loans worth ₹52,390 crore in FY2024, a 48% YoY increase from ₹35,378 crore in FY2023. Of the total loan value disbursed, ₹25,264 crore were disbursements from postpaid loans, which have now been stopped.”
7]Skippers: The stock is currently available at around ₹543 per share, and the brokerage expects the stock to reach ₹725 to ₹740 per share in Samvat 2081.
On the fundamentals driving Skippers' share price during Samvat 2081, Hansex Securities said, “Skippers' performance over the last 1-2 years has been driven by acceleration in domestic and international T&D capex cycles, enhanced EPC capabilities in infra and T&D and PVC pipes show strong volume growth. Skippers' capacity utilization grew rapidly in FY24 (~70%) as the engineering products business witnessed strong growth (revenue growth of 46% in FY24). The company expects utilization to reach 90% by FY25, and plans to double the capacity over the next 3-4 years. The company’s order inflow (engineering + infra) has grown at a very fast CAGR of 26.3% over FY 19-24.”
8]Gravita India: The stock is currently available at around ₹2,120 per share, and the brokerage believes that the share price could reach ₹3,200 per share during Samvat 2081.
On the fundamentals driving Gravita India's share price during Samvat 2081, Hansex Securities said, “GRAVITA India (GRAVITA) recorded revenue growth of ~11% YoY in 2QFY25, led by Siasa (up 12% YoY ) and aluminum (up 17% YoY) verticals led by healthy growth. GRAVITA's pilot project of lithium-ion battery recycling and its first Indian rubber recycling plant in Mundra is progressing well and on schedule. They will probably be operational by 1HFY26. GRAVITA is continuously expanding its capacity to more than 0.5 MMT per annum by FY27.”
9]Nuvama Wealth Management: The stock is currently available at around ₹6,980 per share, and the brokerage has given a target of ₹8,250 for Nuvma share price in Samvat 2081.
On the fundamentals driving Nuvama Wealth's share price during Samvat 2081, Hansex Securities said, “The company's revenue stood at ₹740 crore for Q2 FY25, a growth of 50% YoY and H1 FY25 was at ₹1,407 crore. Which was a growth of 55% YoY. Operating PAT for Q2 FY25 stood at ₹258 crore, which was a growth of 77% YoY and H1 FY25 stood at ₹479 crore, which was a growth of 100% YoY – interim of ₹63 per share for the half year ending September 30, 2024 Dividend declared. Wealth and asset management businesses continue to grow. Q2 FY25 revenue grew by 24% YoY. “Capital markets business revenues grew 98% YoY, supported by market share growth and strong market activity.”
