Top 6 Stock Picks for Short-Term Gains Amid Market Uncertainty
Stocks to buy for short term: From SBI, JSW Energy to APL Apollo Tubes- Experts suggest 6 stock picks for next 1-2 weeks
Mint
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Market experts suggest six stocks for short-term investment over the next 1-2 weeks, including State Bank of India (SBI) and JSW Energy, as indices show nominal gains amid geopolitical tensions. Analysts highlight stocks with strong fundamentals and positive technical indicators.
- 01State Bank of India (SBI) shows a potential upward trend with target prices of ₹1,186 and ₹1,220.
- 02JSW Energy has crossed a declining trendline, indicating a possible trend reversal.
- 03JBM Auto is displaying bullish momentum with a target price of ₹675.
- 04Tube Investments of India is breaking out of a falling wedge pattern, targeting ₹3,100.
- 05APL Apollo Tubes has rebounded significantly and is expected to reach ₹2,300.
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Frontline indices, the Sensex and Nifty 50, ended with modest gains amid uncertainties surrounding a potential US-Iran truce and rising crude oil prices. Analysts predict a cautiously optimistic market tone, driven by positive Asian cues and a slight decline in crude prices. Vishnu Kant Upadhyay from Master Capital Services and Hitesh Tailor from Choice Broking recommend six stocks for short-term investment. State Bank of India (SBI), which closed at ₹1,107.85, has a target price of ₹1,186 to ₹1,220, supported by a breakout from a bullish pattern. JSW Energy, closing at ₹543.05, aims for ₹585 to ₹600 as it shows signs of trend reversal. JBM Auto, with a previous close of ₹615.65, targets ₹675 based on its bullish structure. From Tailor's recommendations, Tube Investments of India is poised for an upward move from ₹2,873.10 to ₹3,100, while APL Apollo Tubes has rebounded nearly 16% and targets ₹2,300. Lastly, GE Vernova T&D India, previously at ₹4,232.30, aims for ₹4,550 following a breakout from a rectangular range. Investors are advised to consider these stocks based on their strong fundamentals and technical indicators.
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Investors looking for short-term gains can consider these stocks, which may provide profitable opportunities amidst current market uncertainties.
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