HDFC AMC, Bajaj Finance, Oil India and more; stocks to buy for short term

Ahead of the market opening on January 22, analysts from leading domestic brokerages have identified key stocks for short-term investment opportunities. From the finance sector to consumer goods and automobiles, here’s a list of recommended stocks, their target prices, and stop-loss levels.

1. HDFC Asset Management Company Ltd (HDFC AMC)

Entry Price: Rs 4,036 - Rs 4,076

Target Price: Rs 4,304

Stop Loss: Rs 4,000

Recommendation: Axis Direct is bullish on HDFC AMC with a short-term target of Rs 4,304, offering potential upside for investors within the next 15 days.

2. Maruti Suzuki India Ltd

Current Price: Rs 11,883.7

Entry Price: Rs 11,950 - Rs 12,050

Target Price: Rs 12,650

Stop Loss: Rs 11,850

Recommendation: Axis Direct highlights Maruti Suzuki as a top automobile pick, expecting gains up to Rs 12,650.

3. Bajaj Finance Ltd

Current Price: Rs 7,291.65

Entry Price: Rs 7,300 - Rs 7,373

Target Price: Rs 7,727

Stop Loss: Rs 7,255

Recommendation: A strong contender in the finance sector, Bajaj Finance is projected to hit Rs 7,727 in the short term.

4. Tata Consumer Products Ltd

Current Price: Rs 972.10

Target Price: Rs 1,090 (12.13% upside)

Stop Loss: Rs 907

Recommendation: HDFC Securities gives a one-month ‘buy’ call for Tata Consumer Products, with potential growth driven by robust fundamentals.

5. Oil India Ltd

Current Price: Rs 474.25

Target Price: Rs 543 (14.50% upside)

Stop Loss: Rs 453

Recommendation: HDFC Securities suggests Oil India for short-term investment with a strong upside potential to Rs 543.

6. Can Fin Homes Ltd

Target Price: Rs 850

Recommendation: Sharekhan recommends Can Fin Homes as a short-term buy, emphasizing its growth potential in the housing finance sector.

7. Dixon Technologies (India) Ltd

Target Price: Rs 19,440

Recommendation: Sharekhan projects strong short-term growth for Dixon Technologies, citing its leadership in the electronics manufacturing space.

Disclaimer: Investors are advised to consider these recommendations while aligning them with their risk appetite and market conditions. As always, proper due diligence and consultation with a financial advisor are recommended before making investment decisions.