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Top Muhurat stocks recommended by Axis Securities this Diwali

Updated : 2019-10-16 12:40:49

Indian stock markets have been volatile this year due to tepid earnings, slowing economic growth and Budget proposals such as a hike in FPI surcharge and change in public shareholdings. Axis Securities believes recent corporate tax reforms could be a game-changer and would attract more investments in India amid trade wars among major world economies. The brokerage said its Muhurat stocks have outperformed the benchmark indices over the past few years. Axis Securities said its recommended portfolio has given a return of 12 percent from October 23, 2018, till October 9, 2019, compared 8.1 percent returns on the benchmark Nifty 500. The brokerage has picked twelve socks to buy on the Muhurat trading day for the Samvat 2076.

Hindustan Unilever is the largest FMCG player in India. HUL’s product portfolio consists of a wide spectrum including home care, personal care, foods and refreshments and water purifiers. In terms of direct distribution, HUL has one of the largest direct distribution network (retail touch points) in the FMCG sector serviced by over 3,500 distributor.
Hindustan Unilever is the largest FMCG player in India. HUL’s product portfolio consists of a wide spectrum including home care, personal care, foods and refreshments and water purifiers. In terms of direct distribution, HUL has one of the largest direct distribution network (retail touch points) in the FMCG sector serviced by over 3,500 distributor.
Lumax Industries, promoted by SC Jain group, is the market leader in Indian Automotive lighting systems with nearly 60 percent market share in PV and 2 wheeler segment. It has had several decades of financial and technical collaboration with Stanley, Japan (world leader in automotive lighting) giving it a huge technological edge over competitors.
Lumax Industries, promoted by SC Jain group, is the market leader in Indian Automotive lighting systems with nearly 60 percent market share in PV and 2 wheeler segment. It has had several decades of financial and technical collaboration with Stanley, Japan (world leader in automotive lighting) giving it a huge technological edge over competitors.
Dixon Technologies is a leading manufacturer of products for consumer durable brands. It has ~9.3 percent share in electronic manufacturing services providing cost efficient, end to end solutions to MNC’s and domestic OEM’s. Dixon’s products include consumer electronics, home appliances, lighting products, mobile phones and CCTV’s & DVR’s. The company also provides repairs & refurbishment services through its Reverse logistics segment.
Dixon Technologies is a leading manufacturer of products for consumer durable brands. It has ~9.3 percent share in electronic manufacturing services providing cost efficient, end to end solutions to MNC’s and domestic OEM’s. Dixon’s products include consumer electronics, home appliances, lighting products, mobile phones and CCTV’s & DVR’s. The company also provides repairs & refurbishment services through its Reverse logistics segment.
RITES is a Miniratna (Category – I) public sector enterprise. It is a leading player in the transport consultancy and engineering sector in India with diversified services and geographical reach under one roof. RITES has an experience of over 44 years and has undertaken projects in 55+ countries including Asia, Africa, Latin America, South America and Middle East. RITES is the only export arm of Indian Railways for providing rolling stock overseas (other than Thailand, Malaysia and Indonesia).
RITES is a Miniratna (Category – I) public sector enterprise. It is a leading player in the transport consultancy and engineering sector in India with diversified services and geographical reach under one roof. RITES has an experience of over 44 years and has undertaken projects in 55+ countries including Asia, Africa, Latin America, South America and Middle East. RITES is the only export arm of Indian Railways for providing rolling stock overseas (other than Thailand, Malaysia and Indonesia).
Mindtree delivers digital transformation and technology services from ideation to execution to 2000 clients. Mindtree takes an agile, collaborative approach to create customized solutions across the digital value chain. Mindtree deep expertise in infrastructure and applications management turns IT into a strategic asset.
Mindtree delivers digital transformation and technology services from ideation to execution to 2000 clients. Mindtree takes an agile, collaborative approach to create customized solutions across the digital value chain. Mindtree deep expertise in infrastructure and applications management turns IT into a strategic asset.
Aarti Industries is the largest producers of Benzene based basic and intermediate chemicals in India. It has 17 manufacturing plants and 3 R&D centres in India and +200 products. These put AIL ahead of the peers in the Benzene chemistry in India. AIL is a preferrd partner of choice for +1000 customers globally. Its exports form 60 percent of total revenues.
Aarti Industries is the largest producers of Benzene based basic and intermediate chemicals in India. It has 17 manufacturing plants and 3 R&D centres in India and +200 products. These put AIL ahead of the peers in the Benzene chemistry in India. AIL is a preferrd partner of choice for +1000 customers globally. Its exports form 60 percent of total revenues.
Dr Reddy's Laboratories is an integrated pharmaceutical company focused on providing medicines through its three business verticals – pharmaceutical services & active ingredients (PSAI), global generics and proprietary products. It provides a wide range of products and services including APIs, custom pharmaceutical services, generic, biosimilars and complex formulations. It has global footprint spanning US, Europe, Russia & CIS countries, and India.
Dr Reddy's Laboratories is an integrated pharmaceutical company focused on providing medicines through its three business verticals – pharmaceutical services & active ingredients (PSAI), global generics and proprietary products. It provides a wide range of products and services including APIs, custom pharmaceutical services, generic, biosimilars and complex formulations. It has global footprint spanning US, Europe, Russia & CIS countries, and India.
SBI Life Insurance was established as a JV between State Bank of India and BNPPC, an insurance subsidiary of BNP Paribas. It is ranked first in Individual Rated Premium with Private Market share of 21.5 percent and ranked second in Total New Business Premium with Private market share of ~20 percent.
SBI Life Insurance was established as a JV between State Bank of India and BNPPC, an insurance subsidiary of BNP Paribas. It is ranked first in Individual Rated Premium with Private Market share of 21.5 percent and ranked second in Total New Business Premium with Private market share of ~20 percent.
HCL Technologies is an Indian multinational information technology (IT) service and consulting company headquartered in Noida, Uttar Pradesh is a next-generation global technology company that helps enterprises reimaging their businesses for the digital age. HCL technology products, services and engineering are built on four decades of innovation, with a world-renowned management philosophy, a strong culture of invention and risk-taking, and a relentless focus on customer relationships.
HCL Technologies is an Indian multinational information technology (IT) service and consulting company headquartered in Noida, Uttar Pradesh is a next-generation global technology company that helps enterprises reimaging their businesses for the digital age. HCL technology products, services and engineering are built on four decades of innovation, with a world-renowned management philosophy, a strong culture of invention and risk-taking, and a relentless focus on customer relationships.
Asian Paints is India’s largest (53 percent market share) and Asia’s 3rd largest Paint company. It has 27 paint manufacturing plants servicing customers in over 65 countries globally. Asian Paints also has a widespread distribution network with 65,000+ dealer touch points. Of FY19 revenues, Decorative Paints had 83 percent contribution, International (12 percent), Industrials (3 percent) and Home Improvement (2 percent).
Asian Paints is India’s largest (53 percent market share) and Asia’s 3rd largest Paint company. It has 27 paint manufacturing plants servicing customers in over 65 countries globally. Asian Paints also has a widespread distribution network with 65,000+ dealer touch points. Of FY19 revenues, Decorative Paints had 83 percent contribution, International (12 percent), Industrials (3 percent) and Home Improvement (2 percent).
ICICI Bank is amongst the largest private sector banks in India with business operations spread across retail, corporate, insurance, etc. It is supported by a strong liability franchise and retail/corporate loan mix of ~61/24 percent. Its subsidiaries ICICI venture funds, Pru ICICI AMC, ICICI Securities, ICICI Prudential, and ICICI Lombard are amongst the leading companies in their respective segments.
ICICI Bank is amongst the largest private sector banks in India with business operations spread across retail, corporate, insurance, etc. It is supported by a strong liability franchise and retail/corporate loan mix of ~61/24 percent. Its subsidiaries ICICI venture funds, Pru ICICI AMC, ICICI Securities, ICICI Prudential, and ICICI Lombard are amongst the leading companies in their respective segments.
Kotak Mahindra Bank is part of the larger Kotak Mahindra Group led by Uday Kotak, founder and managing director of the bank. The group has a strong presence across financial services value chain. The bank has pan-India presence with 1,503 branches and 2,394 ATMs as on June 2019.
Kotak Mahindra Bank is part of the larger Kotak Mahindra Group led by Uday Kotak, founder and managing director of the bank. The group has a strong presence across financial services value chain. The bank has pan-India presence with 1,503 branches and 2,394 ATMs as on June 2019.
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