Analysts Predict These 9 Stocks Could Offer Double-Digit Returns in the Short Term

Experts believe that the market will maintain its recent gains, though there may be some short-term volatility as the Lok Sabha election results approach.

Ajit Mishra, SVP of research at Religare Broking, noted that the market has been positive in the past two weeks, countering earlier bearish trends. He expects the Nifty to reach the 23,150-23,400 range soon.

“If there’s a dip, the 22,550-22,800 zone should provide strong support. All key sectors are contributing to the rally, especially banking and IT, which have significant upside potential. We recommend a stock-specific approach, focusing on large and mid-cap stocks for short-term trades,” said Mishra.

Despite the market’s high levels, some stocks still look attractive on the technical charts. Analysts recommend considering the following nine stocks for short-term gains:

Analyst: Riyank Arora, Technical Analyst at Mehta Equities

1. Tata Motors | Current Price: ₹960.55 | Target Price: ₹1,200 | Stop Loss: ₹909 | Upside Potential: 25%
   
   Tata Motors has found strong support at ₹920 and bounced back, showing a potential double-bottom reversal. With the RSI at 46, indicating momentum, the stock could reach ₹1,200. Keep a strict stop loss at ₹900 to manage risk.
   
2. Tata Consumer Products | Current Price: ₹1,098.25 | Target Price: ₹1,300 | Stop Loss: ₹1,050 | Upside Potential: 18%
   
   The stock broke above its trendline resistance of ₹1,115 and closed higher. With the RSI rising from 37 to 53, momentum looks strong. The stock is forming a base at ₹1,056. Use a stop loss at ₹1,050 and aim for targets of ₹1,300.

Analyst: Mandar Bhojane, Equity Research Analyst, Choice Broking

3. Larsen & Toubro (L&T) | Current Price: ₹3,625.90 | Target Price: ₹4,000 | Stop Loss: ₹3,400 | Upside Potential: 10%
   
   L&T is showing a strong reversal and bullish pattern after a correction. Positioned above key EMAs, the stock is likely to sustain upward movement. Consider buying on dips around ₹3,490, with a stop loss at ₹3,400.

Analyst: Vijay Laxmi A Ambala, SEBI registered independent research analyst

4. PNB Housing Finance | Current Price: ₹796.45 | Target Price: ₹900 | Stop Loss: ₹742 | Upside Potential: 13%
   
   Trading above key moving averages, PNB Housing Finance could benefit from rising housing demand. Buy in the ₹770-₹800 range, targeting ₹830-₹900 with a stop loss at ₹742.
   
5. Atul | Current Price: ₹5,880.20 | Target Price: ₹6,650 | Stop Loss: ₹5,760 | Upside Potential: 13%
   
   Atul could see growth due to its strong market position. The RSI indicates the stock is trading in a small range. Buy at ₹6,050, targeting ₹6,250-₹6,650 with a stop loss at ₹5,760.
   
6. Samvardhana Motherson International | Current Price: ₹140.15 | Target Price: ₹160 | Stop Loss: ₹128 | Upside Potential: 14%
   
   After breaking out of its consolidation range, Motherson Sumi presents a swing opportunity. Buy at ₹137, targeting ₹145-₹160 with a stop loss at ₹128.
   
7. Ramco Industries | Current Price: ₹237.05 | Target Price: ₹320 | Stop Loss: ₹220 | Upside Potential: 35%
   
   Ramco, involved in construction materials, shows a range breakout above key moving averages. Buy at ₹240-₹247, targeting ₹270-₹320 with a stop loss at ₹220.
   
8. Saurashtra Cement | Current Price: ₹124 | Target Price: ₹150 | Stop Loss: ₹115 | Upside Potential: 21%
   
   Benefiting from increased construction activity, Saurashtra Cement is ready for a breakout. Buy at ₹120-₹123, targeting ₹128-₹150 with a stop loss at ₹115.
   
9. Latent View Analytics | Current Price: ₹488.55 | Target Price: ₹600 | Stop Loss: ₹470 | Upside Potential: 23%
   
   Latent View is ready for a breakout, trading above key moving averages. Buy at ₹495-₹500, targeting ₹530-₹600 with a stop loss at ₹470.