Multibagger Stocks: Stocks for Short Term Profit
Stocks for Short Term Profit
The January series has commenced with a somewhat sluggish start, characterized by visible profit booking at higher market levels. Nifty, a benchmark index for the National Stock Exchange of India, has witnessed a decline of approximately 50 points, reflecting a cautious sentiment among investors.
Similarly, Nifty Bank is down by around 300 points, indicating a retreat in the banking sector. However, amidst this backdrop, midcaps are notably holding their ground in positive territory, showcasing a nuanced market landscape.
A significant highlight in this volatile environment is the continued bullish run in Tata Motors, a stock that has surged by 4 percent and reached a new peak.
Notably, Tata Motors has positioned itself as the sole stock in the Nifty expected to double in 2023, and its market capitalization has crossed the impressive milestone of Rs 2.5 lakh crore.
Against this backdrop, financial experts and analysts have gathered on CNBC-Awaaz to share their perspectives on potential trading opportunities for the day.
The panel comprises Manas Jaiswal of manasjaiswal.com, Prashant Sawant of Catalyst Wealth, Gaurav Bissa of Incred Equities, and Ruchit Jain of 5Paisa.com. Their insights are valuable for investors seeking to navigate the market intricacies and make informed decisions.
Market Overview:
The broader markets have displayed a degree of sluggishness over the last two to three days, creating an environment of caution.
Interestingly, while midcaps continue to stay in the green, large-cap stocks, as represented by Nifty, have shown resilience and upward momentum. Analysts project that large-cap stocks are likely to continue dominating in the near term, contributing to the overall market dynamics.
Gaurav Bissa’s Trades:
Gaurav Bissa, a market analyst, outlines two compelling trade opportunities for investors looking to capitalize on the current market conditions.
1. Divi’s Lab: Gaurav recommends Divi’s Lab, a pharmaceutical company, which is currently trading around Rs 3925. He advises investors to consider buying this stock with a stop loss set at Rs 3134 and a target of Rs 4150.
The rationale behind this trade is the anticipation of a 10 percent return over the next month. It’s crucial to note that Gaurav suggests holding this stock for at least a month to realize the expected gains.
2. Tata Steel: In the metal sector, Gaurav identifies Tata Steel as a lucrative opportunity. He highlights a bullish triangle breakout in the stock, indicating a potential upward trajectory.
Gaurav recommends buying Tata Steel with a target price of Rs 150 and a stop loss set at Rs 130. This trade is underpinned by the positive momentum observed in the metal sector.
Ruchit Jain’s Trades:
Ruchit Jain, another market expert, shares his perspective on two trades that align with his analysis of the current market trends.
1. Emphasis: Ruchit’s first trade recommendation is focused on Emphasis, a stock where he sees a buying opportunity.
With a target price set at Rs 2860 and a stop loss at Rs 2730, Ruchit suggests investors consider this trade to benefit from the anticipated upward movement in the stock.
2. Sanvardhan Motherson: The second trade recommendation from Ruchit is centered around Sanvardhan Motherson, where he sees a buy opportunity.
Ruchit sets a target price of Rs 106 for this trade, with a stop loss at Rs 97.50. This recommendation reflects Ruchit’s confidence in the positive prospects of Sanvardhan Motherson in the current market environment.
Manas Jaiswal’s Trades:
Manas Jaiswal, a technical analyst, provides insights into two powerful trades for the day, each supported by his technical analysis.
1. Aditya Birla Capital: Manas suggests a buy recommendation for Aditya Birla Capital, setting a target price of Rs 172 and a stop loss at Rs 163. This trade is backed by Manas’s analysis of the stock’s technical indicators, signaling a favorable buying opportunity.
2. LIC Housing Finance: His second strong trade recommendation is in LIC Housing Finance. Manas advises investors to buy this stock with a target price of Rs 545 and a stop loss at Rs 526.
This trade is underpinned by Manas’s technical analysis, suggesting positive momentum in LIC Housing Finance.
Prashant Sawant’s Trades:
Prashant Sawant, representing Catalyst Wealth, shares his insights into two trades for the day, each carefully analyzed to capture potential market movements.
1. Aditya Birla Fashion: Prashant recommends Aditya Birla Fashion as his first trade, suggesting a buying opportunity in the price range of Rs 235-237. With a stop loss at Rs 219, Prashant envisions a positive trajectory for Aditya Birla Fashion in the near term.
2. LIC Housing Finance: Prashant’s second trade aligns with Manas Jaiswal’s recommendation, focusing on LIC Housing Finance.
He suggests buying at the current market price, with a target range of Rs 550-555 and a stop loss at Rs 524. This dual endorsement emphasizes the confidence of both analysts in the growth potential of LIC Housing Finance.
Final Remarks:
As market dynamics continue to unfold, these trade recommendations from financial experts offer a strategic approach for investors navigating the current conditions.
It’s important for investors to conduct thorough research, consider their risk tolerance, and stay informed about market developments before making any investment decisions.
The insights shared by these experts serve as valuable guidance for investors seeking to navigate the complex and dynamic landscape of the stock market.
