{"id":340917,"date":"2026-11-05T16:21:36","date_gmt":"2026-11-05T10:51:36","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=340917"},"modified":"2026-11-05T16:21:36","modified_gmt":"2026-11-05T10:51:36","slug":"monarch-muhurat-picks-samvat-2083-themes-hdfc-amc-bel-sbi-vaml-8th-pay-commission","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/monarch-muhurat-picks-samvat-2083-themes-hdfc-amc-bel-sbi-vaml-8th-pay-commission\/","title":{"rendered":"Monarch Muhurat Picks: HDFC AMC, BEL, SBI and VAML Among 13 Stocks, With the 8th Pay Commission and BFSI as Key Samvat 2083 Themes"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>HDFC AMC Rs 2,640 (+5.39%) vs Monarch target Rs 2,680. SBI Rs 1,006.40 (+2.80%) vs Rs 1,265. NSE close, 5 Nov 2026. Targets are brokerage opinions.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Monarch Muhurat picks for Samvat 2083 include HDFC AMC, BEL, SBI and Vedanta Aluminium, and the brokerage&#8217;s Samvat 2083 themes are the 8th Pay Commission and BFSI. Monarch Networth Capital lists 13 stocks with targets, but HDFC AMC has already risen to Rs 2,640, close to its Rs 2,680 target.<\/p>\n<\/p><\/div>\n<p><strong>Monarch Muhurat picks<\/strong> for Samvat 2083 include HDFC AMC, BEL, SBI and Vedanta Aluminium, and the brokerage&#8217;s Samvat 2083 themes are the 8th Pay Commission and BFSI. Monarch Networth Capital named 13 stocks with target prices, according to Business Today. Prices below are NSE data at the NSE close on 5 November 2026. This guide covers the picks, the themes, how far each stock has already moved and the risks. It is not investment advice.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=discover\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/monarch-muhurat-picks-samvat-2083-themes-hdfc-amc-bel-sbi-vaml-8th-pay-commission\/#Monarchs_Samvat_2083_Picks_Targets_and_Todays_Prices\" title=\"Monarch&#x27;s Samvat 2083 Picks: Targets and Today&#x27;s Prices\">Monarch&#x27;s Samvat 2083 Picks: Targets and Today&#x27;s Prices<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/monarch-muhurat-picks-samvat-2083-themes-hdfc-amc-bel-sbi-vaml-8th-pay-commission\/#Samvat_2083_Theme_1_The_8th_Pay_Commission\" title=\"Samvat 2083 Theme 1: The 8th Pay Commission\">Samvat 2083 Theme 1: The 8th Pay Commission<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/monarch-muhurat-picks-samvat-2083-themes-hdfc-amc-bel-sbi-vaml-8th-pay-commission\/#Samvat_2083_Theme_2_BFSI\" title=\"Samvat 2083 Theme 2: BFSI\">Samvat 2083 Theme 2: BFSI<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/monarch-muhurat-picks-samvat-2083-themes-hdfc-amc-bel-sbi-vaml-8th-pay-commission\/#Monarchs_Market_View_for_Samvat_2083\" title=\"Monarch&#x27;s Market View for Samvat 2083\">Monarch&#x27;s Market View for Samvat 2083<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/monarch-muhurat-picks-samvat-2083-themes-hdfc-amc-bel-sbi-vaml-8th-pay-commission\/#Risks_to_Weigh_Before_Acting_on_Muhurat_Picks\" title=\"Risks to Weigh Before Acting on Muhurat Picks\">Risks to Weigh Before Acting on Muhurat Picks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/monarch-muhurat-picks-samvat-2083-themes-hdfc-amc-bel-sbi-vaml-8th-pay-commission\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/monarch-muhurat-picks-samvat-2083-themes-hdfc-amc-bel-sbi-vaml-8th-pay-commission\/#Frequently_Asked_Questions_on_Monarch_Muhurat_Picks\" title=\"Frequently Asked Questions on Monarch Muhurat Picks\">Frequently Asked Questions on Monarch Muhurat Picks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/monarch-muhurat-picks-samvat-2083-themes-hdfc-amc-bel-sbi-vaml-8th-pay-commission\/#What_are_Monarch_Networth_Capitals_Samvat_2083_picks\" title=\"What are Monarch Networth Capital&#x27;s Samvat 2083 picks?\">What are Monarch Networth Capital&#x27;s Samvat 2083 picks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/monarch-muhurat-picks-samvat-2083-themes-hdfc-amc-bel-sbi-vaml-8th-pay-commission\/#What_are_Monarchs_key_Samvat_2083_themes\" title=\"What are Monarch&#x27;s key Samvat 2083 themes?\">What are Monarch&#x27;s key Samvat 2083 themes?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/monarch-muhurat-picks-samvat-2083-themes-hdfc-amc-bel-sbi-vaml-8th-pay-commission\/#What_is_the_HDFC_AMC_target_and_price\" title=\"What is the HDFC AMC target and price?\">What is the HDFC AMC target and price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/monarch-muhurat-picks-samvat-2083-themes-hdfc-amc-bel-sbi-vaml-8th-pay-commission\/#What_is_the_SBI_target_in_Monarchs_list\" title=\"What is the SBI target in Monarch&#x27;s list?\">What is the SBI target in Monarch&#x27;s list?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/monarch-muhurat-picks-samvat-2083-themes-hdfc-amc-bel-sbi-vaml-8th-pay-commission\/#What_do_the_BEL_and_Vedanta_Aluminium_targets_imply\" title=\"What do the BEL and Vedanta Aluminium targets imply?\">What do the BEL and Vedanta Aluminium targets imply?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/monarch-muhurat-picks-samvat-2083-themes-hdfc-amc-bel-sbi-vaml-8th-pay-commission\/#Does_Monarch_give_a_Nifty_target_for_Samvat_2083\" title=\"Does Monarch give a Nifty target for Samvat 2083?\">Does Monarch give a Nifty target for Samvat 2083?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/monarch-muhurat-picks-samvat-2083-themes-hdfc-amc-bel-sbi-vaml-8th-pay-commission\/#What_are_the_risks_to_these_Muhurat_picks\" title=\"What are the risks to these Muhurat picks?\">What are the risks to these Muhurat picks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/monarch-muhurat-picks-samvat-2083-themes-hdfc-amc-bel-sbi-vaml-8th-pay-commission\/#Should_I_buy_the_Monarch_picks_for_Muhurat_trading\" title=\"Should I buy the Monarch picks for Muhurat trading?\">Should I buy the Monarch picks for Muhurat trading?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Monarchs_Samvat_2083_Picks_Targets_and_Todays_Prices\"><\/span><strong>Monarch&#x27;s Samvat 2083 Picks: Targets and Today&#x27;s Prices<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Monarch Networth Capital sees potential for a market rally and wealth creation after the sharp corrections of Samvat 2082. The table shows its targets for the stocks named in the headline, with the NSE closing price and the gap to the target by our arithmetic. The brokerage&#8217;s targets are its own opinions, and the sources did not give a time frame.<\/p>\n<table>\n<thead>\n<tr>\n<th>Stock<\/th>\n<th>Monarch target (Rs)<\/th>\n<th>NSE close (Rs)<\/th>\n<th>Day change<\/th>\n<th>Gap to target<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/univest.in\/stocks\/hdfcamc\/hdfc-asset-management-company-ltd-share-price-today\">HDFC AMC<\/a><\/td>\n<td>2,680<\/td>\n<td>2,640.00<\/td>\n<td>+5.39%<\/td>\n<td>About 1.5%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/stocks\/bel\/bharat-electronics-ltd-share-price-today\">Bharat Electronics (BEL)<\/a><\/td>\n<td>449<\/td>\n<td>395.10<\/td>\n<td>-0.73%<\/td>\n<td>About 13.6%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/stocks\/sbin\/state-bank-of-india-share-price-today\">State Bank of India (SBI)<\/a><\/td>\n<td>1,265<\/td>\n<td>1,006.40<\/td>\n<td>+2.80%<\/td>\n<td>About 25.7%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/stocks\/vaml\/vedanta-aluminium-metal-ltd-share-price-today\">Vedanta Aluminium (VAML)<\/a><\/td>\n<td>525<\/td>\n<td>379.10<\/td>\n<td>+0.60%<\/td>\n<td>About 38.5%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/stocks\/carboruniv\/carborundum-universal-ltd-share-price-today\">Carborundum Universal<\/a><\/td>\n<td>1,563<\/td>\n<td>1,084.60<\/td>\n<td>-0.80%<\/td>\n<td>About 44.1%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/stocks\/ccl\/ccl-products-%28india%29-ltd-share-price-today\">CCL Products<\/a><\/td>\n<td>1,415<\/td>\n<td>965.20<\/td>\n<td>+0.08%<\/td>\n<td>About 46.6%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>HDFC AMC jumped 5.39% on 5 November, so most of the gap to Monarch&#8217;s target has closed. That matters for anyone reading the headline today, because the picks were published before this move. A pick with a small gap left is a different proposition from one with a wide gap. The remaining seven names were Aster DM Quality Care (Rs 835), Bharti Airtel (Rs 2,270), Blue Star (Rs 1,911), Indegene (Rs 691), Pricol (Rs 800), TBO Tek (Rs 2,043) and VA Tech Wabag (Rs 2,235), but the source gave no current prices for them.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Compare these stocks on the Univest Screener<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Samvat_2083_Theme_1_The_8th_Pay_Commission\"><\/span><strong>Samvat 2083 Theme 1: The 8th Pay Commission<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Monarch expects the 8th Pay Commission recommendations to be accepted in FY28, which would raise incomes for more than 2 crore employees and pensioners. It sees the extra spending flowing into autos, travel and tourism, premium beverages and consumer durables. This is a forecast, since the timing and size of any pay revision are not certain.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Samvat_2083_Theme_2_BFSI\"><\/span><strong>Samvat 2083 Theme 2: BFSI<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The second theme is banking, financial services and insurance. Monarch cites credit and deposit growth above 15%, asset quality at multi-year bests, valuations below average and leadership changes at several institutions. It also sees select capital-market businesses as steady compounders. The <a href=\"https:\/\/univest.in\/stocks\/sbin\/state-bank-of-india-share-price-today\">SBI<\/a> and HDFC AMC picks fit this theme. The Nifty Bank index rose 3.33% on 5 November.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Monarchs_Market_View_for_Samvat_2083\"><\/span><strong>Monarch&#x27;s Market View for Samvat 2083<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Point<\/th>\n<th>Monarch&#8217;s view<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Nifty 12-month forward P\/E<\/td>\n<td>Fell from 24.8x in late 2024 to 17.2x by September 2026<\/td>\n<\/tr>\n<tr>\n<td>Earnings<\/td>\n<td>Resilient despite weak index returns, so returns are expected to be earnings-driven<\/td>\n<\/tr>\n<tr>\n<td>Foreign flows<\/td>\n<td>India&#8217;s MSCI Emerging Markets weight halved from about 20% to about 11%<\/td>\n<\/tr>\n<tr>\n<td>Positioning<\/td>\n<td>Sentiment looks more stretched than fundamentals<\/td>\n<\/tr>\n<tr>\n<td>Advice<\/td>\n<td>Moderate return expectations and disciplined asset allocation<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The report gave no index target. Index levels on 5 November 2026 were: Nifty 50 at 24,536.60, up 2.40%, and Sensex at 79,310.01, up 2.60%.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to follow Muhurat picks on your phone.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Weigh_Before_Acting_on_Muhurat_Picks\"><\/span><strong>Risks to Weigh Before Acting on Muhurat Picks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Risk<\/th>\n<th>Why it matters<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Tax friction<\/td>\n<td>Overlap between securities transaction tax and capital gains tax<\/td>\n<\/tr>\n<tr>\n<td>Energy prices<\/td>\n<td>Elevated oil prices can hurt earnings and inflation<\/td>\n<\/tr>\n<tr>\n<td>Global rally<\/td>\n<td>An unwinding of the AI-driven global rally could hit sentiment<\/td>\n<\/tr>\n<tr>\n<td>Price already moved<\/td>\n<td>HDFC AMC is up 5.39% today, close to the target<\/td>\n<\/tr>\n<tr>\n<td>Defence and order cycle<\/td>\n<td>BEL fell 0.73% today and depends on order flow<\/td>\n<\/tr>\n<tr>\n<td>Commodity prices<\/td>\n<td>Vedanta Aluminium depends on aluminium prices<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Muhurat trading takes place on Sunday, 8 November 2026, per NSE and BSE circulars reported by the press, with the main session from 2:20 PM to 3:30 PM. <a href=\"https:\/\/univest.in\/stocks\/monarch\/monarch-networth-capital-ltd-share-price-today\">Monarch Networth Capital<\/a> is itself a listed company, at Rs 353.50 on the NSE, up 0.77%, and it is not one of the picks.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Monarch Muhurat picks<\/strong> combine the 8th Pay Commission and BFSI themes with targets that range from about 1.5% to about 46.6% above today&#8217;s prices for the six stocks named. Check each stock&#8217;s price against its target, read the brokerage report and decide your position size before acting.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_on_Monarch_Muhurat_Picks\"><\/span><strong>Frequently Asked Questions on Monarch Muhurat Picks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_are_Monarch_Networth_Capitals_Samvat_2083_picks\"><\/span><strong>What are Monarch Networth Capital&#x27;s Samvat 2083 picks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Business Today reported that Monarch named 13 stocks: Aster DM Quality Care, Bharat Electronics, Bharti Airtel, Blue Star, Carborundum Universal, CCL Products, HDFC AMC, Indegene, Pricol, State Bank of India, TBO Tek, Vedanta Aluminium and VA Tech Wabag. Targets range from Rs 449 for BEL to Rs 2,680 for HDFC AMC.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_Monarchs_key_Samvat_2083_themes\"><\/span><strong>What are Monarch&#x27;s key Samvat 2083 themes?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The two key themes are the 8th Pay Commission and BFSI. Monarch expects the pay commission recommendations to be accepted in FY28, boosting spending for more than 2 crore employees and pensioners. It likes BFSI for credit growth above 15%, better asset quality and below-average valuations.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_HDFC_AMC_target_and_price\"><\/span><strong>What is the HDFC AMC target and price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Monarch&#x27;s target for HDFC AMC is Rs 2,680 and the stock closed at Rs 2,640 on the NSE on 5 November 2026, up 5.39%. By our arithmetic the gap to the target is about 1.5%, so much of the move has already happened.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_SBI_target_in_Monarchs_list\"><\/span><strong>What is the SBI target in Monarch&#x27;s list?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The target is Rs 1,265 against an NSE close of Rs 1,006.40 on 5 November 2026, a gap of about 25.7% by our arithmetic. SBI rose 2.80% that day. Business Today&#x27;s report said it had touched Rs 987.75 earlier in the week.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_do_the_BEL_and_Vedanta_Aluminium_targets_imply\"><\/span><strong>What do the BEL and Vedanta Aluminium targets imply?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> BEL&#x27;s target of Rs 449 is about 13.6% above its Rs 395.10 close, and Vedanta Aluminium&#x27;s target of Rs 525 is about 38.5% above its Rs 379.10 close. Targets are opinions and depend on orders, aluminium prices and execution.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Does_Monarch_give_a_Nifty_target_for_Samvat_2083\"><\/span><strong>Does Monarch give a Nifty target for Samvat 2083?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The report gave no index target. It said the Nifty&#x27;s forward P\/E fell from 24.8x to 17.2x, earnings stayed resilient, and returns should be earnings-driven. It advised moderate return expectations and disciplined asset allocation.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_to_these_Muhurat_picks\"><\/span><strong>What are the risks to these Muhurat picks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Key risks are tax friction from overlapping securities transaction tax and capital gains tax, elevated energy prices, an unwinding of the AI-driven global rally and the possibility that a stock has already moved close to its target. Individual stocks carry their own business risks.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Should_I_buy_the_Monarch_picks_for_Muhurat_trading\"><\/span><strong>Should I buy the Monarch picks for Muhurat trading?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Univest cannot give personal advice. Targets are one brokerage&#x27;s opinions, and some stocks have already moved. Read the research report, check current prices and consult a SEBI-registered adviser before acting.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What are Monarch Networth Capital's Samvat 2083 picks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Business Today reported that Monarch named 13 stocks: Aster DM Quality Care, Bharat Electronics, Bharti Airtel, Blue Star, Carborundum Universal, CCL Products, HDFC AMC, Indegene, Pricol, State Bank of India, TBO Tek, Vedanta Aluminium and VA Tech Wabag. Targets range from Rs 449 for BEL to Rs 2,680 for HDFC AMC.\"}},{\"@type\":\"Question\",\"name\":\"What are Monarch's key Samvat 2083 themes?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The two key themes are the 8th Pay Commission and BFSI. Monarch expects the pay commission recommendations to be accepted in FY28, boosting spending for more than 2 crore employees and pensioners. It likes BFSI for credit growth above 15%, better asset quality and below-average valuations.\"}},{\"@type\":\"Question\",\"name\":\"What is the HDFC AMC target and price?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Monarch's target for HDFC AMC is Rs 2,680 and the stock closed at Rs 2,640 on the NSE on 5 November 2026, up 5.39%. By our arithmetic the gap to the target is about 1.5%, so much of the move has already happened.\"}},{\"@type\":\"Question\",\"name\":\"What is the SBI target in Monarch's list?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The target is Rs 1,265 against an NSE close of Rs 1,006.40 on 5 November 2026, a gap of about 25.7% by our arithmetic. SBI rose 2.80% that day. Business Today's report said it had touched Rs 987.75 earlier in the week.\"}},{\"@type\":\"Question\",\"name\":\"What do the BEL and Vedanta Aluminium targets imply?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"BEL's target of Rs 449 is about 13.6% above its Rs 395.10 close, and Vedanta Aluminium's target of Rs 525 is about 38.5% above its Rs 379.10 close. Targets are opinions and depend on orders, aluminium prices and execution.\"}},{\"@type\":\"Question\",\"name\":\"Does Monarch give a Nifty target for Samvat 2083?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The report gave no index target. It said the Nifty's forward P\/E fell from 24.8x to 17.2x, earnings stayed resilient, and returns should be earnings-driven. It advised moderate return expectations and disciplined asset allocation.\"}},{\"@type\":\"Question\",\"name\":\"What are the risks to these Muhurat picks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Key risks are tax friction from overlapping securities transaction tax and capital gains tax, elevated energy prices, an unwinding of the AI-driven global rally and the possibility that a stock has already moved close to its target. Individual stocks carry their own business risks.\"}},{\"@type\":\"Question\",\"name\":\"Should I buy the Monarch picks for Muhurat trading?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Univest cannot give personal advice. Targets are one brokerage's opinions, and some stocks have already moved. Read the research report, check current prices and consult a SEBI-registered adviser before acting.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Monarch Muhurat picks for Samvat 2083: HDFC AMC, BEL, SBI, VAML targets, 8th Pay Commission and BFSI themes, prices and risks.<\/p>\n","protected":false},"author":38,"featured_media":340916,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[20732,20733,20734,20730,12147,20731,20735],"class_list":["post-340917","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-8th-pay-commission-stocks","tag-bfsi-stocks","tag-hdfc-amc-target","tag-monarch-muhurat-picks","tag-monarch-networth-capital","tag-samvat-2083-themes","tag-vedanta-aluminium-target"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["340916"],"rank_math_title":["Monarch Muhurat Picks and Samvat 2083 Themes"],"rank_math_description":["Monarch Muhurat picks for Samvat 2083 themes: HDFC AMC, BEL, SBI, VAML with targets, 8th Pay Commission and BFSI view, prices and risks."],"rank_math_focus_keyword":["Monarch Muhurat picks"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/11\/monarch-muhurat-picks-hdfc-amc-bel-sbi-and-vaml-among-13-stocks-with-the-8th-pay.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/340917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=340917"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/340917\/revisions"}],"predecessor-version":[{"id":340918,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/340917\/revisions\/340918"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/340916"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=340917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=340917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=340917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}