Looking for promising short-term trading opportunities in the current market scenario? Jigar Patel, Senior Manager of Equity Research at Anand Rathi, has identified three stocks that show strong potential for immediate gains.
Bharat Dynamics Limited (BDL): Defence Sector Powerhouse
The defence sector continues to show robust growth, and Bharat Dynamics stands out as a prime candidate. Patel recommends buying BDL shares in the range of ₹1,820-1,830 with a stop loss at ₹1,760. The target price is set at ₹1,920, offering significant upside potential for short-term traders.
Varun Beverages (VBL): Beverage Giant Poised for Growth
As one of PepsiCo's largest franchisees globally, Varun Beverages presents an attractive opportunity. Patel suggests entering VBL at ₹1,540-1,550 levels with a protective stop loss at ₹1,480. The expected target of ₹1,630 makes this a compelling short-term play in the FMCG space.
Tata Power: Renewable Energy Leader
The renewable energy sector continues to gain momentum, and Tata Power stands at the forefront of this transition. Patel recommends purchasing Tata Power shares between ₹420-425, maintaining a stop loss at ₹405. The target price of ₹445 indicates healthy returns for position traders.
Why These Stocks Now?
According to Patel's analysis, these three companies represent diverse sectors - defence, FMCG, and renewable energy - each with strong fundamental drivers and positive technical setups. The current market conditions provide an ideal entry point for traders looking to capitalize on short-term momentum.
Important Disclaimer: These recommendations are for educational purposes only. Investors should conduct their own research or consult with financial advisors before making any investment decisions. Stock market investments are subject to market risks, and past performance doesn't guarantee future returns.
