Muhurat Trading 2022: Buy These Stocks for Potential Returns of Up To 60%, Suggest Analysts

Diwali Muhurat Trading 2022: Samvat 2079 — the Hindu new year starting on October 24 — could be a test of nerves as investors brace for more uncertainty with the likelihood of a recession in the West looming over markets. Domestic brokerage house Prabhudas Lilladher in a note said that Samvat 2078 will go down in the history as one of the most volatile years where in exuberance around Tech stocks and IPO boom was followed by Russia Ukraine war, multi-decade high global inflation, and the fastest interest rate hikes in recent times. “Amongst this hazy global scenario, India is today looking like a pearl in the ocean with benefits from food security, domestic demand-driven economy, PLI scheme across manufacturing and defence, strong banking system with decade low NPA, strong infra capex and rising investments in Unicorns,” said brokerage and research firm Prabhudas Lilladher in a note while sharing its top stock picks for Diwali 2022. Prabhudas Lilladher’s top Diwali stock picks – Large Cap Stock Picks Apollo Hospitals Enterprise with a target price of Rs 5,000, remains its top pick in the healthcare space; Avenue Supermart remains its top pick to play the shift from unorganized to organized market in food and grocery; Bharti Airtel, ICICI Bank & Mahindra & Mahindra or M&M is its preferred pick in the autos space. Small Cap Stock Picks Brokerage Prabhudas Lilladher says it prefers companies with presence in emerging segments, strong balance sheets and business moats.