Experts: 6 Stocks You Should Consider Buying for the Next 1-3 Months

Nifty 50 has been on a downward trend since last Friday. Although it reached its all-time high on Monday, May 27, it faced profit booking due to uncertain sentiments before the election outcome.

India VIX, a volatility index, has surged by 90% in May.

Experts suggest that while the market hopes for the return of the BJP-led NDA, investors are waiting to see if the alliance will secure a strong majority to continue policy reforms confidently.

Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, mentioned that while DIIs (domestic institutional investors) have been buying consistently, retail and HNIs seem to be adopting a wait-and-watch approach.

Despite the expected volatility, experts believe there are opportunities in various sectors and recommend buying quality stocks when the market dips.

Here are six stocks recommended by experts that could potentially provide healthy double-digit returns in the next 1-3 months:

1. Exide Industries
   • Target Price: ₹585
   • Stop Loss: ₹440
   • Potential Upside: 15%
2. Mphasis
   • Target Price: ₹2750
   • Stop Loss: ₹2270
   • Potential Upside: 15%
3. Rashtriya Chemicals and Fertilizers (RCF)
   • Target Price: ₹198
   • Stop Loss: ₹145
   • Potential Upside: 26%
4. TCS (Tata Consultancy Services)
   • Target Price: ₹4,500
   • Stop Loss: ₹3,600
   • Potential Upside: 17%
5. ITC
   • Target Price: ₹490
   • Stop Loss: ₹400
   • Potential Upside: 14%
6. HDFC Bank
   • Target Price: ₹1,760
   • Stop Loss: ₹1,490
   • Potential Upside: 15%

These recommendations come from experts like Ruchit Jain, Lead Research at 5paisa.com, and Milan Vaishnav, CMT, MSTA, the founder and technical analyst of Gemstone Equity Research and ChartWizard FZE. They suggest buying these stocks based on various factors like technical analysis, market trends, and potential growth opportunities.