3 Top Muhurat Trading Stocks to Watch for Future Multibagger Potential: Radico Khaitan, HFCL and Syrma SGS
- October 19, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
Radico Khaitan Rs 4,473.40. HFCL Rs 256.01. Syrma SGS Rs 1,604.60. Market caps from Rs 32,631 crore to Rs 61,233 crore. Data as of 16 Oct 2026.
Quick Answer
Radico Khaitan, HFCL and Syrma SGS are the 3 picks in this Muhurat trading stocks watchlist, with market caps between Rs 32,631 crore and Rs 61,233 crore. Radico Khaitan stands out for the highest return on equity at 18.23%, while HFCL offers the lowest PE of the group at 61.72. PE ratios run from 61.72 to 87.03, so compare each one with its industry PE before investing. All figures are as of 16 October 2026.
Muhurat trading stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Radico Khaitan, HFCL and Syrma SGS meet that test, with market caps from Rs 32,631 crore to Rs 61,233 crore and Radico Khaitan offering the highest return on equity at 18.23%. Each of these mid-sized companies is trading within 15 per cent of its 52-week high, with FY26 profit growth above 70 per cent and a one-year gain above 50 per cent.
This list covers midcap companies within 15 per cent of their 52-week high, with net profit growth above 70 per cent in FY26, a one-year price gain above 50 per cent and complete, verifiable financials, ranked by market capitalisation. Not every name here is a largecap, so the list takes the leading companies of the sector by market capitalisation. Investors screening Muhurat trading stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 16 October 2026 and are drawn from NSE and BSE data and company filings.
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What Are Muhurat Trading Stocks and Why Do They Attract Multibagger Interest?
Muhurat trading stocks are shares that investors add to their watchlists for the one-hour Diwali trading session. The session is symbolic and short, so investors usually pick companies they plan to hold for the new year.
Muhurat trading is a tradition, and many investors use it to make a first purchase of the new Samvat. Companies with strong momentum and fast profit growth are the ones investors compare in Muhurat trading stocks.
Muhurat Trading Stocks at a Glance: Price, Market Cap, PE and ROE
Prices are closing prices as of 16 October 2026. HFCL has the lowest PE of the group at 61.72, while Radico Khaitan posts the highest return on equity at 18.23%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Debt to Equity | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| Radico Khaitan | 4,473.40 | 61,233 | 87.03 | 54.95 | 18.23% | 0.15 | 2,500.00 to 4,747.00 |
| HFCL | 256.01 | 37,316 | 61.72 | 18.03 | 6.37% | 0.36 | 59.82 to 275.91 |
| Syrma SGS Technology | 1,604.60 | 32,631 | 81.24 | 80.10 | 11.10% | 0.14 | 634.50 to 1,822.60 |
Radico Khaitan: 24.88% Profit CAGR Since FY22
Radico Khaitan makes Indian-made foreign liquor and premium spirits, with brands including Magic Moments, 8PM and Rampur Single Malt. It reported FY26 revenue of Rs 6,062.27 crore, up 24.84% year on year, and net profit of Rs 604.48 crore, up 74.90%. Net profit has compounded at 24.88% a year since FY22, while revenue has grown 20.50% a year. Operating margin was 4.88% in FY26. The debt-to-equity ratio is 0.15, which keeps interest costs low.
In the June 2026 quarter, revenue rose 10.44% to Rs 5,869.46 crore and net profit grew 75.91% to Rs 229.60 crore. The share price has gained 299.58% over five years and 51.47% over the past year. Domestic institutions raised their holding from 25.47% in September 2025 to 27.17% in September 2026. The stock trades at a PE of 87.03 against an industry PE of 54.95, with a return on equity of 18.23%.
HFCL: Revenue Up 21.64% in FY26
HFCL makes optical fibre cables, telecom equipment and Wi-Fi products and also builds telecom and defence networks. It reported FY26 revenue of Rs 5,014.52 crore, up 21.64% year on year, and net profit of Rs 329.44 crore, up 90.14%. Operating margin was 16.71% in FY26. The debt-to-equity ratio is 0.36.
The stock trades at a PE of 61.72 against an industry PE of 18.03. Revenue for the June 2026 quarter rose 119.77% to Rs 1,946.13 crore, at an operating margin of 23.25%. The share price has gained 221.49% over five years and 228.48% over the past year. Foreign investors raised their holding from 7.76% in June 2025 to 15.74% in June 2026.
Syrma SGS: 45.84% Profit CAGR Since FY22
Syrma SGS Technology makes electronic products under contract for automotive, industrial, healthcare and consumer customers. It reported FY26 revenue of Rs 4,856.87 crore, up 26.61% year on year, and net profit of Rs 345.81 crore, up 87.48%. Net profit has compounded at 45.84% a year since FY22, while revenue has grown 39.45% a year. Operating margin was 11.99% in FY26. The debt-to-equity ratio is 0.14, which keeps interest costs low.
In the June 2026 quarter, revenue rose 67.05% to Rs 1,603.68 crore and net profit grew 111.72% to Rs 105.69 crore. The share price has gained 443.96% over five years and 112.17% over the past year. Foreign investors raised their holding from 7.06% in August 2025 to 7.52% in June 2026. The stock trades at a PE of 81.24 against an industry PE of 80.10.
Muhurat Trading Stocks: Financial Comparison on Growth and Margins
The table compares scale and growth across these Muhurat trading stocks. Latest quarter means the most recent reported quarter for each company, and only metrics that are positive for every company are shown.
| Stock | Revenue (Rs Cr) | Net Profit (Rs Cr) | Revenue Growth (YoY) | 4-Year Revenue CAGR | 4-Year Net Profit CAGR | Operating Margin (Latest Quarter) |
|---|---|---|---|---|---|---|
| Radico Khaitan | 6,062.27 | 604.48 | 24.84% | 20.50% | 24.88% | 6.10% |
| HFCL | 5,014.52 | 329.44 | 21.64% | 1.26% | 0.27% | 23.25% |
| Syrma SGS | 4,856.87 | 345.81 | 26.61% | 39.45% | 45.84% | 11.12% |
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Institutional Holding in Radico Khaitan, HFCL and Syrma SGS
Institutional holding shows who is backing these Muhurat trading stocks alongside the promoter. The table uses the latest reported quarter for each. Radico Khaitan has the deepest institutional backing, with FII and DII together holding 46.60% as of September 2026. Domestic institutions increased their holding over the past year in Radico Khaitan (from 25.47% to 27.17%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| Radico Khaitan | 40.17% | 19.43% | 27.17% | 13.23% | September 2026 |
| HFCL | 28.29% | 15.74% | 10.92% | 45.05% | June 2026 |
| Syrma SGS | 42.28% | 7.52% | 15.90% | 34.30% | June 2026 |
Risks to Weigh in Muhurat Trading Stocks
Being careful with Muhurat trading stocks means looking at what can slow the story as well as what can speed it up. Four points matter most:
- Short sessions can see sharp moves.
- Mid-sized stocks can move more than large ones.
- Valuation: HFCL trades at a PE of 61.72 against an industry PE of 18.03, so earnings need to keep growing to support the price.
- Concentration: Holding all 3 names puts the allocation in one sector, so size each position to match your risk appetite.
How to Choose Between Muhurat Trading Stocks
Picking from Muhurat trading stocks comes down to four checks, applied in order.
- Check balance sheet strength first, and prefer a debt-to-equity ratio below 1 for non-financial companies.
- Compare each PE with the industry PE (18.03 to 80.10) and ask whether the growth rate justifies any gap.
- Track quarterly revenue growth, net profit growth and the distance from the 52-week high in every result.
- Stagger entries across quarters and review institutional holding every reporting season.
Download the Univest iOS App or Univest Android App to track Radico Khaitan, HFCL and Syrma SGS live prices.
Conclusion
Among Muhurat trading stocks, Radico Khaitan stands out for the highest return on equity at 18.23%, HFCL for the lowest PE of the group at 61.72 and Syrma SGS for the fastest profit growth, 45.84% a year since FY22. Which one suits a portfolio depends on how much valuation risk it can carry, so staggering entries and reviewing each quarterly result is a sound habit. Investors comparing Muhurat trading stocks should rank them on growth, financial strength and the price paid, and anyone who wants personalised guidance can consult a SEBI-registered advisor before acting.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Muhurat Trading Stocks to Watch
Which are the best Muhurat trading stocks to watch for multibagger potential?
Ans. Radico Khaitan, HFCL and Syrma SGS are the 3 names this list highlights, with market caps of Rs 61,233 crore, Rs 37,316 crore and Rs 32,631 crore respectively. Radico Khaitan is notable for the highest return on equity at 18.23%. HFCL stands out for the lowest PE of the group at 61.72. Syrma SGS offers the fastest profit growth, 45.84% a year since FY22. These are watchlist names for Muhurat trading stocks, not recommendations, so match each one to your own risk profile and time horizon.
Is Radico Khaitan a good stock for long-term investors?
Ans. Radico Khaitan has a return on equity of 18.23%, a PE of 87.03 against an industry PE of 54.95 and a market cap of Rs 61,233 crore. Net profit has compounded at 24.88% a year since FY22, and FY26 revenue rose 24.84% while June 2026 quarter net profit grew 75.91%. Long-term returns in Muhurat trading stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can Syrma SGS become a multibagger from here?
Ans. Syrma SGS has already gained 443.96% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in Muhurat trading stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 45.84% a year since FY22, and FY26 revenue rose 26.61%. At a PE of 81.24 against an industry PE of 80.10, valuation should be checked against that growth before investing.
What is the market cap of Radico Khaitan, HFCL and Syrma SGS?
Ans. As of 16 October 2026, Radico Khaitan has a market cap of Rs 61,233 crore, HFCL has a market cap of Rs 37,316 crore and Syrma SGS has a market cap of Rs 32,631 crore. Radico Khaitan is the largest of the group. Market cap changes daily with the share price, so check the latest figure on the Univest Screener or on NSE before taking a decision on Muhurat trading stocks.
What are the risks of investing in Muhurat trading stocks?
Ans. The main risks are sharp moves in a short session, valuations that already reflect growth and the larger swings of mid-sized stocks. Companies with strong order books and steady margins handle these better. HFCL trades at a PE of 61.72 against an industry PE of 18.03, so earnings growth needs to hold up.
Why is HFCL trading at a PE of 61.72?
Ans. HFCL’s PE of 61.72 compares with an industry PE of 18.03. The market is paying a premium for FY26 revenue growth of 21.64%, which also means the stock is more sensitive if growth slows. Investors in Muhurat trading stocks who are comfortable with higher valuation risk may prefer to stagger purchases instead of investing in one go.
How much do institutions hold in Radico Khaitan, HFCL and Syrma SGS?
Ans. As of the latest reported quarter, FII and DII together hold 46.60% of Radico Khaitan (19.43% and 27.17%), 26.66% of HFCL (15.74% and 10.92%) and 23.42% of Syrma SGS (7.52% and 15.90%). Rising institutional holding is a useful signal in Muhurat trading stocks, though it should be read with earnings trends rather than on its own.
