SBI, JSW Steel, NTPC among 9 top stocks recommended to buy for short term

As the market prepares to open on Thursday, January 23, analysts from domestic brokerages have recommended several stocks for short-term investments. They are optimistic about seven large-cap stocks, one mid-cap, and one small-cap stock, spanning sectors such as banking, power generation, and more. Here’s a roundup of the nine recommended stocks, along with their target prices and stop-loss levels:

Bharat Forge Ltd

Entry Price: Rs 1,207 to Rs 1,219

Target Price: Rs 1,321

Stop Loss: Rs 1,185

Brokerage: Axis Direct

HDFC Bank Ltd

Entry Price: Rs 1,644 to Rs 1,660

Target Price: Rs 1,780

Stop Loss: Rs 1,620

Brokerage: Axis Direct

Bajaj Finserv Ltd

Entry Price: Rs 1,720 to Rs 1,737

Target Price: Rs 1,848

Stop Loss: Rs 1,700

Brokerage: Axis Direct

JSW Steel Ltd

Target Price: Rs 960 to Rs 1,000

Stop Loss: Rs 860

Brokerage: Sharekhan

State Bank of India (SBI)

Target Price: Rs 850

Stop Loss: Rs 722

Brokerage: Sharekhan

NTPC Ltd

Target Price: Rs 360 to Rs 380

Stop Loss: Rs 315

Brokerage: Sharekhan

Tata Consumer Products Ltd

Entry Price: Rs 972.10

Target Price: Rs 1,090

Stop Loss: Rs 907

Brokerage: HDFC Securities

Saregama India Ltd

Target Price: Rs 565

Stop Loss: Rs 506

Brokerage: HDFC Securities

Duration: 10 days

M M Forgings Ltd

Target Price: Rs 483.50

Stop Loss: Rs 428

Brokerage: HDFC Securities

Duration: 10 days

Disclaimer: The views expressed in this article are based on recommendations from investment experts. Readers are encouraged to consult their financial advisers before making any investment decisions.