Top 4 stocks to buy now for short term

The best stocks to buy now for the short term are those with solid fundamentals, significant room for growth, and appealing values. Depending on market conditions and company performance, these shares may give profitable returns in a short amount of time. However, investing in short-term shares also entails greater risk and volatility because the prices are subject to large fluctuations as a result of a variety of circumstances. Investors should exercise caution and diligence while selecting the best Indian equities to buy right now for the near future.

Overview of these stocks with their targeted price

Here is a quick summary of the above-mentioned shares’ best stocks to buy right now for investment in the near future, together with information on their current prices, 52-week highs and lows, and target prices as of JULY 24, 2024:

1. HDFC BANK

By assets and market value, HDFC Bank is the largest private sector bank in India. It provides a wide range of banking and financial services to both corporate and retail clients. The current share price of HDFC Bank is Rs. 1,400; its 52-week high is Rs. 1,794; its 52-week low is Rs. 1,363; and its target price is Rs. 1,900.

Solid Reputation and Stability: One of India’s biggest and most respected banks is HDFC Bank. It has a proven track record of sound financial management techniques and stability.

Market Leader: HDFC Bank leads the banking industry in a number of areas, including corporate, retail, and treasury operations. One of its competitive advantages is its dominant position in the market.

Solid Financial Performance: The bank constantly produces solid financial outcomes, such as profitable and stable revenue growth. For long-term investors looking for consistent profits, this consistency is appealing.

Diverse Product Offerings: To meet the demands of a wide spectrum of clients, HDFC Bank provides a comprehensive array of financial products and services. This diversification aids in reducing the risks brought on by changes in any given industry.

Emphasis on Innovation and Technology: HDFC Bank has taken the initiative

2. ICICI BANK

As the first universal bank to provide lifetime free credit cards with variable and low annual percentage rates, ICICI Bank also offers monthly interest credit on savings accounts. The current share price of ICICI First Bank is Rs. 79.20; its 52-week high is Rs. 1257; its 52-week low is Rs. 899; and its target price is Rs. 1450.

Possibility of Short-Term Price Movements: The sentiment of the market, news from the industry, quarterly earnings releases, and economic indicators can all have an impact on the price of ICICI Bank’s shares. The price of the company may increase if you foresee beneficial events or catalysts in the near future, such as robust earnings, advantageous regulatory changes, or market trends.

Opportunities for Technical Analysis: Technical analysis is a common tool used by short-term traders to spot trends and patterns in stock prices. The short-term trends in ICICI Bank’s stock could present opportunities for traders to profit from.

Event-Driven Trading: Short-term investors can profit from particular ICICI Bank-related announcements or events, such as new product launches, leadership transitions, mergers and acquisitions, or regulatory clearances. These occurrences may present opportunities for quick trades.

3. Reliance Industries

By income and market value, Reliance Industries is the largest private sector organization in India. It operates in a variety of industries, including oil and gas, pharmaceuticals, telecommunications, retail, digital, financial services, etc. The current share price of Reliance Industries is Rs. 2,920; its 52-week high is Rs. 3,217; its 52-week low is Rs. 2,220; and its target price is Rs. 3,400.

Volatility and Liquidity: One of the biggest and most frequently traded stocks in India is RIL, which offers a lot of liquidity for traders who are looking to join and exit positions fast. Narrower bid-ask spreads are frequently the result of high trading volume, which lowers transaction costs.

Event-Driven Opportunities: Corporate announcements, earnings reports, strategic collaborations, and regulatory changes are some of the main factors that cause substantial price fluctuations for RIL. These occurrences provide opportunities for short-term traders to profit from market changes.

Sector Leadership: RIL is a frontrunner in a number of industries, including retail (Reliance Retail), telecommunications (Jio), petrochemicals, and refining. Any of these industries can see positive developments that influence stock performance in the short term.

Technical Analysis: To spot patterns and trends in the price of RIL’s shares, short-term traders frequently employ technical analysis. Moving averages, chart patterns, and additional technical indicators

4. Jio Financial Services

Jio Platforms Limited, a division of Reliance Industries Limited, houses Jio Financial Services. Jio Financial Services is committed to offering individuals and businesses in India digital financial services. The current share price of Jio Financial Services is Rs. 315; its 52-week high is Rs. 394; its 52-week low is Rs. 202.80; and its target price is Rs. 418.

Jio Financial Services is not a separately listed corporation or a publicly traded entity as of my most recent report. In the medium run, investors may take into consideration the following, albeit, if you are referring about financial services opportunities offered by Reliance Jio, the telecom and digital services division of Reliance Industries Limited (RIL):

Integration with the Reliance Jio Ecosystem: Reliance Jio boasts a sizable digital ecosystem that consists of e-commerce platforms (JioMart), digital payments (JioMoney), broadband services, and telecoms. This ecosystem’s financial services could profit from cross-selling and synergistic relationships.

Growth in Digital Payments: Jio’s financial services could benefit from the growing trend of digital payments in India, particularly through mobile platforms. Investors with short-term horizons may expect

“Although I’ve chosen to invest in these stocks, it’s crucial to recognize they come with inherent risks. Conducting your own thorough research is essential to understand these risks and make informed decisions. Market volatility, economic factors, and company-specific developments can all impact their performance. Consider your financial goals and risk tolerance before investing, and seek advice from a qualified financial advisor if needed. Remember, knowledge and diligence are key to navigating the complexities of the stock market.”

sentiment, company performance, and more. There are no guarantees of profits, and there is always a possibility of losses. Short-term stock predictions can be especially volatile, and investors should be cautious and well-informed before making investment decisions.)