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On the occasion of Diwali, the stocks will go to trade during the evening from 6.15 pm to 7.15 pm. After studying the lists that brokerages came out for Muhurat trading,has also chosen some stocks which could be really worth for investment.Bank of BarodaThe second largest public sector bank in terms of business has a strong consumer franchise post its merger with Dena Bank & Vijaya Bank and has been posting consistent profits since many quarters, according to LKP Securities.Federal BankFederal Bank having posted its highest-ever net profit this quarter has seen its stock price rise 40% in the last one year and LKP Securities expects the Bank to continue that trajectory during the next one year as wellSchnieder ElectricLKP Securities says its strong presence in infrastructure, power, building, industry and IT segments, coupled with its ability to offer services cutting across these segments, provides a distinctive advantage to serve its customers, further supported by strong parental support.Asian PaintsAccording to Religare, Asian Paints has posted strong financials in the last 5 years wherein its revenue/profit after tax (PAT) has grown by 14 per cent/9.6 per cent over FY17-22. Further, the brokerage said it is estimated that its revenue/Ebitda/PAT to grow at 19.9 per cent/22.9 per cent/27.8 per cent CAGR over FY22-24E, driven by strong demand from housing and real-estate sectors, new product launches as well as focus on premium products and growing across segments.Maruti Suzuki IndiaAfter two years of consecutive decline (FY19-22 volume CAGR of -3.1%), the domestic PV industry witnessed a healthy rebound in FY22 led by easing lockdown restrictions and strong pent up demand. Further, In FY23 the passenger vehicle industry is expected to grow by 12-15 per cent on the back of economic activities picking up pace. Religare estimates Maruti Suzuki (MSIL)'s revenue/ Earnings before interest, taxes, depreciation, and amortization (Ebitda)/ profit after tax (PAT) to grow at 19.5 per cent/56 per cent/62.7 per cent CAGR over FY22-24E. It also recommends a Buy rating on the stock with a target price of Rs 9,898 valuing the company at 30x (10yr Average) FY24E EPS.UltraTech CementThe demand for cement sector is expected to grow by a compound annual growth rate (CAGR) of 8-9 per cent from 345-350 mt to 500-550 mt over FY22-27. Religare believes the growth will be driven by government spending on infrastructure development as in the Union Budget 2022-23, the government has provided higher allocation for infrastructure, affordable housing and road projects. Besides, pickup in rural and urban housing as well as growth in industrial and commercialisation will further aid demand for the cement sector.( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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Dena bank & vijaya bank, Latest News

Business :Timing for Muhurat trading this Diwali and some stock recommendations

On the occasion of Diwali, the Indian stock exchanges will be open for an hour in what is called Muhurat trading. The exchange platforms will be open for trading today evening from 6.15 pm to 7.15 pm. ...

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