Multibagger stocks since Muhurat Trading 2019: Are these stocks in your portfolio?

Generally, Indian stock exchanges hold a special symbolic trading session which is a one-hour session on the occasion of Diwali. Known as Muhurat Trading, it is considered auspicious to symbolise the beginning of the traditional Hindu accounting year, ‘Samvat’.

The trading session this year will be held on Saturday, November 14, 2020, from 6.15 pm to 7.15 pm. The block deal session will be from 5.45 pm to 6 pm. Market pre-open is from 6 pm to 6.08 pm while the closing session is from 7.15 pm to 7.30 pm and trade modification cut-off time is 7.45 pm. Periodic call auction will be from 6.20 pm to 7.05 pm.

It is usually seen that market momentum remains positive during the trading session but volumes generally remain low. Stock movements remain low because the session is of comparatively shorter duration and also because buying is done in comparatively small quantities of shares as investors believe that stock bought during the Muhurat Trading session is for long-term positive investments.

Since the last Diwali, Sensex has gained by around 11 per cent while many stocks have turned multi-baggers in spite of the impacts of the COVId-19 pandemic. Benefiting from the pandemic situation, stocks belonging to the healthcare sector have soared during a year’s time.