Top Short-Term Stock Picks: Ajit Mishra of Religare Broking Recommends PFC, Tata Steel, and Divi's Laboratories
Stocks to buy for short term: From PFC to Tata Steel - Ajit Mishra of Religare Broking suggests 3 stock picks
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Ajit Mishra, Senior Vice President of Research at Religare Broking, has identified three stocks for short-term investment: Power Finance Corporation (PFC), Tata Steel, and Divi's Laboratories. These selections come amid a positive market rebound, driven by global cues, despite ongoing concerns over crude oil prices and currency fluctuations.
- 01Ajit Mishra recommends Power Finance Corporation (PFC) with a target price of ₹482.
- 02Tata Steel is suggested with a target price of ₹237, showing strong bullish momentum.
- 03Divi's Laboratories has a target price of ₹7,450, indicating a strong bullish setup.
- 04Market indices, Nifty 50 and Sensex, saw gains of 1.18% and 1.06%, respectively.
- 05Concerns over crude oil prices and currency weakness persist despite positive market sentiment.
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Domestic market benchmarks, the Nifty 50 and Sensex, experienced strong gains of 1.18% and 1.06%, respectively, on Thursday, bolstered by favorable global cues during US President Donald Trump's visit to China. Ajit Mishra, Senior Vice President of Research at Religare Broking, noted that while the market sentiment improved due to easing geopolitical concerns, challenges such as high crude oil prices and a weakening rupee remain. He highlighted three stocks for short-term investment: Power Finance Corporation (PFC) with a target price of ₹482, which is showing signs of a bullish trend; Tata Steel at a target price of ₹237, demonstrating renewed bullish momentum; and Divi's Laboratories, targeting ₹7,450, which is showing a strong bullish setup after a breakout from a consolidation phase. Mishra advises a cautious approach, emphasizing a stock-specific strategy based on sector trends.
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Investors considering these stocks could benefit from potential price increases, impacting their investment portfolios positively.
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