Top Shares to Buy on Muhurat Trading 2024: JM Financial’s Best Diwali Stock Picks

Wondering which shares to buy this Diwali? The experts at brokerage house JM Financial have some top picks for you!

Let’s quickly dive into the top three stocks from their list, ranked by their upside potential.

Starting with number three: Gravita India. As one of the largest recycling companies in the country, JM Financial has issued a buy call with a target price of three thousand sixty-eight rupees— that's an impressive 23 percent upside from the day the list was released.

Next, at number two, we have Olectra Greentech, India’s leading manufacturer of electric buses. JM Financial is optimistic about its prospects in both the short and long term. They've set a target price of twenty-two hundred rupees, offering an upside potential of 27.4 percent.

And taking the top spot is Reliance Industries. Despite underperforming this year, JM Financial sees a turnaround coming, driven by growth in telecom, retail, and new energy businesses. They’ve given it a target price of thirty-five hundred rupees, indicating a potential upside of 30 percent.

What are your thoughts on these recommendations? Let us know in the comments below, and don’t forget to subscribe for more updates!