Top Stock Picks for Short-Term Gains: Bharti Airtel, Hindalco, and PFC
Stocks to buy for short term: From Bharti Airtel to PFC— Ajit Mishra of Religare Broking suggests 3 stock picks
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Ajit Mishra, Senior Vice President of Research at Religare Broking, recommends three stocks for short-term investment: Bharti Airtel, Hindalco Industries, and Power Finance Corporation (PFC). These stocks show strong bullish trends and potential for growth amid current market volatility influenced by geopolitical tensions.
- 01Ajit Mishra recommends Bharti Airtel, Hindalco Industries, and Power Finance Corporation for short-term investment.
- 02Bharti Airtel has a target price of ₹1,985, indicating potential growth from its previous close of ₹1,859.40.
- 03Hindalco Industries is expected to reach a target price of ₹1,050, up from ₹985.65.
- 04Power Finance Corporation (PFC) has a target price of ₹490, up from ₹428.05, reflecting a strong bullish trend.
- 05Market conditions remain volatile due to geopolitical uncertainties, but positive global cues may support buying.
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The Indian stock market faced a setback on Thursday, ending a five-session winning streak due to profit booking amid geopolitical uncertainties, particularly regarding the ceasefire between the US and Iran. Ajit Mishra, Senior Vice President of Research at Religare Broking, suggests a cautious yet positive approach as the earnings season begins. He recommends three stocks for short-term investment: Bharti Airtel, which closed at ₹1,859.40 with a target price of ₹1,985; Hindalco Industries, closing at ₹985.65 with a target of ₹1,050; and Power Finance Corporation (PFC), which closed at ₹428.05 with a target price of ₹490. These stocks exhibit strong bullish trends and are positioned for potential growth despite the current market volatility.
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Investors may find potential growth opportunities in these recommended stocks, which could lead to increased returns in the short term. However, caution is advised due to ongoing market volatility.
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