Muhurat Trading Stock Picks: After a defective Samvat 2081, look forward to investors with renewed optimism as the new Samvat year approaches, which can be a fresh chapter for the Indian stock markets. Most analysts are optimistic about the upcoming Samvat year, because they believe that conditions after a year of underperformance are ripe for a revival in sentiment and risk appetite. This setback is likely to coincide with revenue revival, strong domestic flow and a possible turnaround in the FPI sentiment. Against this background, Religare Broking has released a list of five shares to buy which he believes can offer up to 27% returns to investors. Muhurat Trading Shares Choose Religare’s stock ideas for Diwali include companies from the cement, banking and oil and gas sectors, namely Reliance Industries, HDFC Life, Power Finance Corporation, Mahindra & Mahindra Financial Services and Nuvoco Vistas. These shares can offer up to 27% upside down from the closing price of yesterday (October 14). Reliance Industries | Target Price | Upside: 16% The prospects remain strong, powered by sustained momentum in the high growth consumer companies (Jio and retail) and the approaching monetization of the new Energy Giga complex, the broker said. “We expect this to lead to a strong consolidated turnover/EBITDA to grow at a 10%/15.1% above FY25-27E CAGR, as resilient O2C cash flow still funds new growth cars. HDFC Life Insurance Company | Target Price: £ 870 | Upside: 17% Religare said that HDFC Life’s consistent execution, strong brand franchise and the leading profitability metric justify the premium valuation. The long-term prospects remain strong, driven by its strategic expansion to undermined level 2/3 markets, a growing protection business and a relentless focus on digital innovation, the brokerage revealed. It expects an embedded value (EV) CAGR of more than 17% by FY27, which reflects the continued value creation. While the pressure is largely priced in the short term, the company’s resilient business model and clear growth managers have supported. “We appreciate the stock at 2.6x its FY27E EV, and maintain a positive prospect with a target price of £ 870,” Religare said. Power Finance Corporation | Target Price: £ 502 | Upside: 26.6% PFC’s prospects remain strong, driven by its strategic role in financing India’s energy transition and infrastructure growth, Religare says. It is believed that PFC intends to take advantage of a healthy pipeline, stable profitability and resilient asset equality, which is expected to deliver a 12.3% Pat CAgr over FY25-27E. “We appreciate PFC on a independent basis on 0.9x its FY27E -adjusted book value and add the value of its interest in REC (with a 30% discount for container companies). This methodology supports continuing upside, and we maintain a positive prospect with a target price of £ 502,” it added. Mahindra & Mahindra Financial Services | Target Price: £ 327 | Upside: 14.3% “The long-term prospects for MMFs are positive, supported by its deep rural presence, strong promoter support and a clear strategy for portfolio diversification. With a steady AUM growth, improving cost efficiency and stable asset. It retained a positive prospect with a buying rating and a target price of £ 327, which appreciates the company 1.4x its FY27E -adjusted book value. Nuvoco Vistas Corporation | Target Price: £ 487 | Upside: 12.4% Nuvoco Vistas’ prospects are positive, supported by strong operating winds and the projected demand growth in the cement sector, the broker said. The company’s strong operating performance, along with the strategic expansion by the Vadraj acquisition, provides clear visibility for future earnings, he added. “The double focus of management to profane the core business while managing Capeex for growth is managing confidence. Therefore, we maintain a buying rating with a target price of £ 478,” he said. Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or brokerage firms, not coin. We advise investors to consult with certified experts before making investment decisions, as market conditions can change quickly and conditions can vary.
Muhurat Trading 2025: Reliance, PFC under Religare’s top 5 shares for Diwali for up to 27% returns
