Muhurat Trading Picks – HSBC

HSBC Investments has released the pics for this Muhurat Trading. Most of the stocks picked by HSBC are quoting at P/Es of 10 for FY2011 earnings. The 10 stocks that made it to the list of this FII are as follows.

BEML Ltd – P/E of 11.1x on FY2011 expected earnings

Brigade Enterprises – P/E of 17.5x on FY2011 expected earnings [We are not comfortable with this stock]

Crompton Greaves – P/E of 15.1x on FY2011 expected earnings

Dishman Pharma – P/E of 7.91x on FY2011 expected earnings

Edelweiss Capital – P/E of 12.9x on FY2011 expected earnings

ICICI Bank

Reliance Industries – P/E of 13.1x on FY2011 expected earnings. Cum-Bonus.

Sarda Energy & Minerals – P/E of 5.1x on FY2011 expected earnings. Detailed research will be posted in Equity Research Section.

Swaraj Engines – P/E of 8.1x on FY2011 expected earnings

Welspun Gujarat – P/E of 11.7x on FY2011 expected earnings

Wishing our readers a very Happy Diwali and a colorful year ahead.