Share Market

5 Best Stocks to Buy now for Short Term Profits

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.

List of 5 Bеst Stocks to Buy Now for Short Tеrm Profits

  • HDFC Bank
  • IDFC First Bank
  • Reliance Industries
  • Jio Financial Services
  • Bandhan Bank

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 February 29, 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. 1,757; its 52-week low is Rs. 1,363; and its target price is Rs. 1,600.

2. IDFC FIRST BANK

As the first universal bank to provide lifetime free credit cards with variable and low annual percentage rates, IDFC First Bank also offers monthly interest credit on savings accounts. The current share price of IDFC First Bank is Rs. 79.20; its 52-week high is Rs. 100; its 52-week low is Rs. 52; and its target price is Rs. 94.

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. 3,000; its 52-week low is Rs. 2,180; and its target price is Rs. 3,200.

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. 348; its 52-week low is Rs. 202; and its target price is Rs. 370.

5. Bandhan Bank

Bandhan Bank is one of the best private sector bank in India. It provides a wide range of banking and financial services to its customers. The current share price of Bandhan Bank is Rs. 198; its 52-week high is Rs. 275; its 52-week low is Rs. 182; and its target price is Rs. 232.

(Disclaimer: The targets or recommendations are intended for a relatively brief period, in this case, up to 6 months. Stock prices can be influenced by a wide range of factors, including economic conditions, 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.)

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