IRCTC, Indiabulls Housing Finance, Blue Star & more – top stocks that can grow 25% in short-term

Stock picks for short-term: Last week, Indian stock market indices continued their upward trend for the second consecutive week, led by the Nifty 50 index reaching record highs every day, largely supported by strong performances in heavyweight financial sectors. Additionally, several analysts have shared their insights on tech stocks that could potentially see gains of up to 25% in the near future.Here’s a list of six such stock recommendations from various analysts as compiled by ET.

Blue Star

Buy price: Rs 1293 | Stop loss: Rs 1255 | Target price: Rs 1350-1400 | Upside: 8%
According to Anand James, Chief Market Strategist, Geojit Financial Services, The stock has been consistently rising since 2014, with investors buying into every dip. Over the last three months, it has performed exceptionally well, increasing by 40%. Momentum remains robust, and after a brief consolidation period, the stock is poised for a breakout above horizontal resistance. Moreover, it is trading above all of its important moving averages, indicating a positive trend.

Nazara Technologies

Buy price: Rs 793 | Stop loss: Rs 760 | Target price: Rs 840-865 | Upside: 9%
Anand James says that the stock has been declining since the start of the year and appears to be establishing a support level around 773. A doji candle has formed near this horizontal support zone. Additionally, the MACD indicator suggests signs of exhaustion at lower levels, indicating a potential pullback in the near future.

IRCTC (Indian Railway Catering and Tourism Corporation)

Buy price: Rs 960 | Stop loss: Rs 910 | Target price: Rs 1020-1070 | Upside: 11%
Recently, IRCTC stock broke out significantly on the daily chart, accompanied by a notable increase in trading volumes. It surpassed its 20-day moving average (20DMA) with strong volume support, indicating a strong momentum. Furthermore, the momentum indicator has shown a positive crossover, reinforcing the bullish outlook for the stock.

Indiabulls Housing Finance

Buy price: Rs 200-205 | Stop loss: Rs 185 | Target price: Rs 240-250 | Upside: 25%
IBULHSGFIN has recently witnessed a strong breakout on the daily chart, characterized by a sharp increase in trading volumes, especially after breaking through a falling trendline. Currently, the stock is trading above its crucial short-term moving averages, indicating a bullish trend. Additionally, the momentum indicator, RSI, has rebounded from oversold levels, signaling the beginning of a new upward trend.
JSW Energy

Buy price: Rs 497-507 | Stop loss: Rs 474 | Target price: Rs 558-573 | Upside: 15%
According to Rajesh Palviya, VP-Technical & Derivative Research, Axis Securities, JSW Energy has shown a bullish breakout above the symmetrical triangular pattern at 505 on the daily chart, suggesting a possible continuation of its medium-term uptrend. Although volume activity decreased during the pattern formation, there was a notable increase in volume at the breakout, indicating increased market participation. Moreover, the daily strength indicator RSI has provided a buy signal by crossing above its reference line.

Godrej Properties

Buy price: Rs 2402-2450 | Stop loss: Rs 2265 | Target price: Rs 2750-2830 | Upside: 18%
Rajesh Palviya says that on the weekly chart, Godrej Properties has broken out of the small ‘Consolidation’ zone between 2400-2170, indicating a likely continuation of the medium-term uptrend. The stock is moving within an upward-sloping channel, recently finding support at the lower band and now aiming for the upper band. Moreover, it’s trading above key moving averages such as the 20, 50, 100, and 200 days Simple Moving Average (SMA), indicating a robust uptrend in the stock.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own.)