STOCKS TO BUY IN DIWALI MAHURAT TRADING

Mahurat Trading is a much awaited event in the world of stock investment. Diwali also marks the beginning of a new year, a new Samvat and it is believed that trading on this day brings wealth and prosperity throughout the year. The Stock Exchanges will be conducting a special trading session from 18:15 hours to 19:30 hours on the day of Diwali for Mahurat Trading. It is evident that picking the stocks that would give positive returns is important to pick. Here are the top five stocks that can be picked for Mahurat Trading this Diwali:

Gujarat Alkalies: The stock is yet to declare its result on 10^th of November and the market us going all Gung-ho over it. On 26^th October 2016, Gujarat Alkalies share price had traded on a new lifetime high of Rs. 424.70, which is way higher than its previous high of Rs. 368.80. The stock’s previous high had been just a day ago. The record breaking highs of the stock are mirroring the market’s faith on the stock. Gujarat Alkalies has the P/E of 11.20 which is well below the Industry P/E of 17.64. The stock is also a Multibagger stockrecommendation by Dynamic Levels for the month.

V-Guard: V-Guard has posted strong result for the second quarter, reporting 70% year on year growth in its net profit. V-Guard share price traded at a new lifetime high of Rs. 226.40. The stock has traded on the new lifetime high on three straight trading days of 24^th, 25^th, and 26^th October. The P/E of this Realty-Household company stands at 44.43, well below the average industry P/E of 51.42. V-Guard is yet another Multibagger recommendation by Dynamic Levels for the month.

Thirumalai Chemicals: This is next among the list of the stocks that have been trading on the new lifetime high time and over again. On 26^th October 2016, the Thirumalai Chemicals share price traded at the new lifetime high of Rs. 734.80, surging over 8% in an otherwise red-zoned market. Previous to this, the stock traded at the new high on 20^th and 25^thOctober. Thirumalai Chemicals has the P/E of 11.32 as compared to the average industry P/E of 13.92. This stock is the Multibagger recommendation by Dynamic Levels as well.

IG Petrochemicals: Another Multibagger recommendation by Dynamic Levels for the month from the Chemical Sector. IGPL share price has broken all boundaries and surged over 15% to trade at the new lifetime high of Rs. 276 on 26^th October 2016. The stock had previously traded at the new high twenty days back on 5^th October. The company has also made his presence felt in Dubai after getting into the joint Venture with Dubai Natural Gas Company Limited. IGPL has the P/E of 13.45, close to the average Industry P/E of 13.92.

ADF Food: This stock from FMCG-Food sector is as well a Multibagger recommendation from Dynamic Levels. On 26^th Ocotber, ADF Foods share price soared to mighty 16% and traded at the new lifetime high of Rs. 176.50. Prior to this record, the stock had traded at the new highs on 20^th and 24^th as well.  The P/E of ADF Foods is estimated at 44.25, well below the average industry P/E of 60.52.

Century Enka: The Company is all set to call the board meeting on November 1 to approve its result for the second quarter. This Multibagger recommendation for the month by Dynamic Levels is from the Textiles and Apparel Sector. Century Enka share price traded at the new 52 week high of Rs. 325 on 26^th October, surging over 4%. The stock had traded at a new high previously on 24^th October. P/E of Century Enka is 10.13 as compared to the average industry P/E of 18.95.

Chemical Sector has been witnessing a good growth of late. Hence, it comes as no surprise that out of six, three stocks belong to the same sector. All the above stocks have shown promising returns in recent time and hence are worth trading at Mahurat.