HDFC Securities picks six stocks for Diwali Muhurat trading session

what happened

According to Moody's, HDFC Securities has published a technical report ahead of Muhurat trading on Diwali, naming six stocks with potential upside of 19% to 28% until the next Diwali. The picks span oil and gas, IT, financial services, steel and credit. The brokerage also cautioned that its report should not be the only basis for investment decisions.

The report gives entry ranges, average levels, two price targets and closing-basis stop losses for each pick. For BPCL, the entry range is Rs304–315, with targets of Rs342 and Rs366 and a stop loss of Rs274. For HCL Tech, the entry range is Rs1,405–1,440, with targets of Rs1,580 and Rs1,686 and a stop loss of Rs1,250. For IIFL Finance, the entry range is Rs578–600, with targets of Rs670 and Rs720 and a stop loss of Rs510.

For JSW Steel, the brokerage cites a range of Rs1,340–1,383, targets of Rs1,505 and Rs1,600 and a stop loss of Rs1,195. Satin Creditcare offers the highest potential upside in the group, with an entry range of Rs256–265, targets of Rs300 and Rs330 and a stop loss of Rs220. For Zensar Technologies, the entry range is Rs533–548, with targets of Rs615 and Rs666 and a stop loss of Rs469.

why it matters

The selection rests on chart analysis, including breakouts, moving-average crossovers and momentum indicators. Because the recommendations run until the next Diwali, how these stocks perform will also depend on broader sentiment in Indian equities over the coming months.

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instruments