Short Term Stocks to Buy: IRFC, RVNL, ITC, CDSL, IRCTC, SJVN, Titan, NMDC, REC, Exide Industries, Reliance Industries, BSE, Lemon Tree are some of the Favorite Picks of Brokerage firms and market experts. The Indian stock market has witnessed huge fluctuations these days however some stocks are recovering after huge corrections. Considering this, market experts have suggested some best short term stocks to buy and given new price targets. In this article, we will discuss these shares and their future price targets with revised ratings.
Short Term Stocks to Buy
1) IRFC Price Target
Angel one market expert has given a price target of Rs 150 for IRFC shares in the short-term. According to analysts, IRFC shares have experienced sharp correction from peak price level of Rs 229. Currently the stock is consolidating between Rs 130 to Rs 140 level. If the stock price crosses Rs 158 then it could further rally up to Rs 165 to Rs 170. However a strict stop loss at Rs 125 is advised for investors.
2) SJVN Price Target
Market expert Amol Athawale has given a “Buy” rating with target price of Rs 107 for SJVN and a stop loss at Rs 94 is also advised.
SJVN is another Navratna PSU company that is focused on generation and transmission of electricity.By the end of 2025, the 1000 MW Bikaner Solar Park is expected to be operational. This company is focused on the development of renewable energy over hydro projects.
Also Read: Best Sectors and Stocks to Watch Post Budget
3) RVNL Price Target
Santosh Meena from Swastika Investmart has advised to stay away from RVNL shares. Railway stocks experienced a massive sell-off and RVNL shares are in a negative trend. If RVNL shares crosses Rs 460 level then a positive trend is expected.
4) ITC Price Target
Santosh Meena from Swastika Investmart has given a “Buy” rating for ITC shares in the short-term. ITC Price target is Rs 475 and a stop loss at Rs 447 is advised.
5) IRCTC Price Target
Dhawni Shah Patel of Finversify said that buying momentum will return once IRCTC shares crosses Rs 800.
6) NMDC Share Price Target
NMDC share price target for short-term is Rs 70. Market expert Sneha Seth said that NMDC shares saw massive corrections and formed a base around Rs 57- Rs 58. If the stock crosses Rs 70 then fresh buying will push the share price to Rs 80-Rs 82. If it settles above Rs 82 then, a further upside rally is expected towards Rs 100
7) Lemon Tree Share Price Target
Market expert Rachit Khandelwal has given a Buy rating and set a target price of Rs 162 for Lemon Tree shares. A strict stop loss at Rs 132 is also advised.
8) Exide Industries Share Price Target
Market expert Amit Bhuptani from Nirmal Bang has given a Buy rating and set a target price of Rs 400 – Rs 410 for Exide Industries, while stop loss at Rs 376 is also advised.
9) RIL Share Price Target
Kotak Securities expert Shrikant Chauhan has suggested that Reliance Industries is a good option for positional traders. He has set a price target of Rs 1,350 for Reliance Industries shares.
10) BSE Share Price Target
Market expert Amit Bhuptani said that the chart setup of BSE is looking strong. After recent corrections, BSE shares are looking attractive. The stock will move upward once it settles above Rs 5,860
11) CDSL Share Price Target
According to market analyst Amit Bhuptani, CDSL shares have found support around Rs 1240. Shares of CDSL have recovered sharply from Rs 1240. At RS 1410, CDSL shares are currently encountering resistance. The short-term target price for CDSL shares is Rs 1410.
12) REC Share Price Target
Market expert Santosh Meena from Swastika Investmart is bullish on REC shares. He has set a target price of Rs 450 in the short-term. If the shares crosses above Rs 450 then the next target for REC Shares will be Rs 475.
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