Posted on March 4, 2025, by Niftynews
In a volatile stock market, selecting the right stocks for short-term investment is crucial. Riyank Arora, a Technical Analyst at Mehta Equities Ltd, has identified three stocks that show promising potential for short-term gains. These stocks to buy now include Varun Beverages Ltd, Maruti Suzuki India Ltd, and Polycab India Ltd. With strong technical signals and favorable market conditions, these picks offer investors an opportunity to benefit from price movements in the near future.
1. Varun Beverages Ltd: Target Price ₹480
- Current Market Price (CMP): ₹456
- Stop Loss (SL): ₹440
- Target: ₹480
Varun Beverages Ltd (VBL), a leading player in the FMCG sector, has shown substantial recovery from lower levels. This stock has recently bounced back from key technical support, making it an ideal pick for short-term investment. The stock is expected to move upwards to ₹480 in the coming days. The momentum in the stock has been increasing, and with strong volume patterns, Varun Beverages appears poised for gains. Traders should maintain a stop loss at ₹440 to protect against any downside risks.
With the increasing demand for FMCG products in India and expanding distribution channels, Varun Beverages Ltd is well-positioned to capitalize on the growth in the sector. The company’s consistent performance and growth trajectory make it one of the top stocks to buy now for a short-term investment.
2. Maruti Suzuki India Ltd: Target Price ₹12,000
- Current Market Price (CMP): ₹11,690
- Stop Loss (SL): ₹11,300
- Target: ₹12,000
Maruti Suzuki, the leader in the Indian automobile market, has recently entered oversold conditions. The RSI (Relative Strength Index) for the stock has dipped to 31, signaling that the stock is likely to reverse its downward trend. Given the positive outlook for the auto sector and Maruti’s dominant position in the market, Riyank Arora recommends buying Maruti Suzuki India Ltd with a target of ₹12,000.
The stock is well-positioned to benefit from an uptick in demand for automobiles, especially with the upcoming festive season and strong consumer sentiment. As Maruti Suzuki is considered a safer bet in the automobile sector, it has the potential to deliver short-term gains for investors. The strict stop loss of ₹11,300 will help minimize any potential risks in the downside.
3. Polycab India Ltd: Target Price ₹5,500
- Current Market Price (CMP): ₹4,829
- Stop Loss (SL): ₹4,555
- Target: ₹5,500
Polycab India Ltd is showing signs of a trend reversal. The stock, which is a key player in the electrical cable and wire manufacturing sector, has recently entered oversold conditions. With the RSI at a low of 26, there’s significant upside potential for the stock, making it one of the best stocks to buy now for a short-term investment.
The technical analysis indicates that Polycab India is well-positioned for a strong recovery. Investors can target ₹5,500 with a stop loss at ₹4,555. The positive outlook for the electrical and power sector, along with Polycab’s consistent performance, makes it a solid pick for short-term traders looking to capitalize on technical trends.
Market Outlook and Nifty 50 Insights
Despite the broader market volatility, Riyank Arora is optimistic about the rebound potential of the Nifty 50. The Nifty 50 has recently touched its psychological support mark of 22,000, showing signs of recovery. Arora predicts that the index could see a rebound towards 22,200-22,300 if it finds support at the 21,700-21,800 levels. The recent decline in the Nifty 50 provides a buying opportunity for traders who are looking to benefit from a market recovery in the short term.
Bank Nifty Outlook
Bank Nifty, which tracks the performance of major banking stocks, also has positive technical momentum. The immediate support for Bank Nifty is seen at 48,000, with further support levels around 47,700. Arora expects the index to rally towards 48,500 and eventually 49,000, given the strength of PSU, private banking, and financial stocks. Investors in the banking sector can continue to hold positions with a stop loss of 47,500.
Conclusion: Top Short-Term Stock Picks
Riyank Arora’s stock picks for the short-term—Varun Beverages Ltd, Maruti Suzuki India Ltd, and Polycab India Ltd—offer great upside potential, backed by strong technicals and positive market conditions. These stocks provide an excellent opportunity for short-term investment with clear targets and stop-loss levels. By strategically entering at the current market prices and setting appropriate stop losses, traders can make the most of the price movements in the coming weeks.
As the market recovers and investor sentiment improves, these stocks are well-positioned to provide solid returns for those looking for short-term opportunities. Traders should continue to monitor the market and make their investments with caution, keeping an eye on the broader economic environment.
