Stocks to buy for short term: From ACC, Naukri to Persistent Systems— experts suggest THESE 6 stock picks
Stocks to buy for the short term: A day after surging nearly 4 per cent, boosted by the ceasefire between India and Pakistan and the US-China trade deal, the Indian stock market benchmark Nifty 50 index fell 1 per cent in morning trade on Tuesday, May 13, due to profit booking.
Experts pointed out that the rally on Monday could be due to short-covering, as indicated by the trends of FII and DII buying.
VK Vijayakumar, Chief Investment Strategist at Geojit Investments, pointed out that a sharp 916-point surge in Nifty on Monday was not caused by institutional activity.
"The combined FII and DII buying yesterday was only ₹ 2,694 crore. This means the market surge was triggered by short-covering and HNI plus retail buying. This implies that institutional activity is likely to remain subdued in the coming days, which may constrain the continuation of the rally," said Vijayakumar.
Experts expect the market to witness some volatility amid the ongoing earnings season. They suggest investors should buy quality stocks with favourable technical indicators.
Vishnu Kant Upadhyay of Master Capital Services and Hardik Matalia of Choice Broking recommend buying the following six stocks for the next 2-3 weeks.
Expert: Vishnu Kant Upadhyay, AVP - Research & Advisory at Master Capital Services
Info Edge has delivered a strong breakout above the consolidation zone near 1440, backed by a sharp surge in volume, which confirms buyers' fresh participation.
The stock has decisively crossed its 55-, 100-, and 200-EMA levels, indicating a trend reversal from its recent downtrend.
The RSI has moved above 60, showing strengthening momentum, while the MACD has given a fresh bullish crossover above the zero line, supporting upward continuation.
'Prices are now looking to pave the way for ₹ 1,585 and then ₹ 1,624. However, prices shouldn't fall below ₹ 1,395 to keep the bullish tendency intact,' said Upadhyay.
Kirloskar Brothers has staged a bullish breakout from a falling wedge pattern on the daily chart, signalling a potential trend reversal.
The price has moved decisively above key EMAS (34, 55, 100, and 200), confirming strength in the uptrend.
A 3.35 per cent surge in the latest session, coupled with an RSI above 62, reflects building momentum. Additionally, a bullish MACD crossover supports the positive outlook.
'Prices are likely to extend a rally towards the upper boundary of the wedge near ₹ 2,055 and ₹ 2,090, marking the next key resistance zone,' Upadhyay said.
ACC is showing early signs of a potential bullish reversal with the formation of a double bottom pattern near 1780.
The stock rebounded sharply by 2.6 per cent on Monday from the vicinity of the lower range value of the double bottom pattern, indicating strong buying interest at key support.
Although the price remains below the 200-day EMA, the bounce from the neckline support, improving RSI from oversold territory (now near 41), and early signs of MACD convergence hint at a trend shift.
After hitting its recent peak, Persistent Systems witnessed a bounce back toward its support zones, where it found strong buying interest and bounced back from the lower levels.
Following this recovery, the stock has now broken out of a falling trendline, signalling the resumption of its broader uptrend and renewed bullish momentum.
On the daily timeframe, the stock has formed a strong bullish candle, confirming buying interest and strength at lower levels.
It is currently trading above all its key exponential moving averages — short-term (20-day), medium-term (50-day), and long-term (200-day) — highlighting a robust trend structure and reinforcing the bullish outlook.
The Relative Strength Index (RSI) stands at 68.76 and is trending upwards, indicating strong momentum and sustained buying strength.
This further supports the probability of the stock continuing its upward trajectory.
'Traders may consider buying Persistent at ₹ 5,876.50, with a stop-loss set at ₹ 5,555. A sustained move above ₹ 6,000 could act as a trigger for the next leg of the rally, potentially driving the stock toward the ₹ 6,500– ₹ 6,550 zone in the near term, offering a favourable risk-reward setup for positional trades,' said Matalia.
Dalmia Bharat has been consolidating within a wide trading range over the past few months, indicating a phase of accumulation before a potential directional move.
The stock is now approaching the upper boundary of this range and is on the verge of a breakout, which, if successful, could lead to a strong upside rally.
Technically, Dalmia Bharat is trading above all its key exponential moving averages — short-term (20-day), medium-term (50-day), and long-term (200-day) — reflecting underlying strength and an improving trend structure.
This alignment of moving averages supports the bullish setup and increases the likelihood of a breakout sustaining.
The Relative Strength Index (RSI) is currently placed at 61.55 and is showing signs of reversal along with a potential positive crossover. This suggests increasing buying interest and momentum, further supporting the case for a bullish breakout.
'Traders may consider buying Dalmia Bharat at ₹ 1,980.90, with a stop-loss set at ₹ 1,880. A sustained move above ₹ 2,020 could trigger a fresh leg of rally, with upside potential toward the ₹ 2,180– ₹ 2,200 zone in the short term, offering a favourable risk-reward opportunity for momentum traders,' said Matalia.
AIA Engineering has recently given a breakout from a falling trend line, signalling a potential shift in momentum after a period of consolidation near lower levels.
The stock has also broken out of a narrow trading range, indicating a renewed bullish sentiment and possible trend reversal.
This breakout has been accompanied by the formation of a strong bullish candle on the daily chart, reinforcing buying strength and increasing the probability of continued upside.
Technically, AIA Engineering has bounced back from its lower levels and is now trading above its short-term (20-day) and medium-term (50-day) exponential moving averages, suggesting that the stock is gaining upward traction.
The next key level to watch is the long-term (200-day) EMA, which could act as a potential resistance, but a successful test and breakout above it would further confirm the bullish trend.
The Relative Strength Index (RSI) stands at 56.41 and is trending upwards, indicating strengthening momentum and improving buyer interest. This aligns well with the price action and supports the bullish view.
'Traders may consider buying AIA Engineering at ₹ 3,245.80, with a stop-loss set at ₹ 3,080. On the upside, the stock has the potential to test the ₹ 3,500– ₹ 3,525 zone in the short term, offering an attractive risk-reward setup for traders looking to capitalise on the breakout and ongoing trend strength,' said Matalia.
Read all market-related news here
Read more stories by Nishant Kumar
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
18 minutes ago
- Hindustan Times
Canadian premiers push for Brad Wall as high commissioner to India
The premiers of two Canadian provinces have suggested that Prime Minister Mark Carney appoint a former leader of Saskatchewan as the country's next high commissioner to India. Brad Wall was premier (equivalent of an Indian chief minister) for over a decade from 2007 to 2018. His successor in that position, Scott Moe, told reporters that Wall would make the ideal candidate for Canada's top diplomat in New Delhi. (sourced) Brad Wall was premier (equivalent of an Indian chief minister) for over a decade from 2007 to 2018. His successor in that position, Scott Moe, told reporters that Wall would make the ideal candidate for Canada's top diplomat in New Delhi. According to the outlet National Post, Moe said he would be a 'proponent' of such an appointment because 'of the effort and focus that he provided' the relations between the province and India and 'province-to-industry relations in not just India but in many countries around the world.' He made these remarks on Wednesday at the joint press conference with his Alberta counterpart Danielle Smith. And she agreed with him, saying, 'I'd be supportive of that.' She added, 'I think that Saskatchewan has done incredibly impressive work on expanding its footprint internationally through its trade offices, in particular India.' Wall played a central role in securing a contract for the Saskatchewan-based Cameco Corporation, to supply over seven million pounds of uranium concentrate to India, over a five-year timeframe in 2015. Wall was present in person as the contract was signed in the presence of Prime Minister Narendra Modi who was on a bilateral visit that spring, and his then Canadian counterpart Stephen Harper. The decision to appoint HCs to each other's capitals came when Modi met Canadian PM Mark Carney on the margins of the G7 leaders' summit in Kananaskis on Tuesday. While Canada's last high commissioner Cameron Mackay left last summer, his Indian counterpart Sanjay Kumar Verma was among the six officials New Delhi withdrew in October 2024 after Ottawa asked for waiving of their diplomatic immunity so they could be questioned in connection with violent criminal activity in the country. In retaliation, India expelled six Canadian diplomats, including its acting high commissioner at the time.
Hindustan Times
33 minutes ago
- Hindustan Times
Shots fired at Nijjar-linked business in Canada; cousin blames Bishnoi gang
Toronto: A business owned by a cousin of murdered pro-Khalistan figure Hardeep Singh Nijjar was fired upon in the early hours of Thursday, the latest in a series of such incidents targeting prominent Indo-Canadian businessmen in the area. A business owned by a cousin of murdered pro-Khalistan figure Hardeep Singh Nijjar was fired upon in the early hours of Thursday, the latest in a series of such incidents targeting prominent Indo-Canadian businessmen in the area. Multiple shots were fired on the premises of Nijjar Trucking owned by Raghbir Singh Nijjar at around 3am on Thursday. The outlet Red FM reported that on June 18, there was an attempt to set vehicles afire at the same business. It cited Nijjar as alleging that the Lawrence Bishnoi gang was behind the attack as part of an extortion attempt. His residence had been similarly targeted in August 2024. Nijjar also said that criminal gangs were using international students for these violent acts. While he is related to Hardeep Singh Nijjar, who was killed on June 18, 2023, in Surrey, British Columbia, a person familiar with them said they had not been close. This incident followed the murder of another businessman Satwinder Sharma on June 11 in neighbouring Abbotsford. Sharma, 56, was shot while at his business location. The case is being handled by the Integrated Homicide Investigation Team or IHIT which said, 'Early indications suggest this was a targeted incident and no one else was injured as a result of the shooting. Investigators are working diligently to determine the motive and the circumstances surrounding the homicide.' Another repeat victim is Satish Kumar, president of the Lakshmi Narayan Mandir in Surrey. On June 7, Reflections Banquet Hall, which he owns, was shot at. Early on Saturday, another business, Satish Accounting Services, was similarly targeted. Kumar told the outlet Vancouver Sun, 'My life is on the line. My family's life is on the line.' In December 2023, the residence where his son and family live in was fired upon. British Columbia Premier (equivalent of an Indian chief minister) David Eby has called upon the Federal Government to designate such violent criminal groups as terrorist organisations. In a letter to Prime Minister Mark Carney on Wednesday, he wrote, 'On February 15, 2025, the Government of Canada announced the listing of seven transnational criminal groups as terrorist entities under the Criminal Code. British Columbia believes that this legal instrument should be applied to groups, such as the Lawrence Bishnoi gang, engaged in extortion and violent crimes in multiple Canadian provinces. This is a complex and nationally impactful criminal issue deserving of a national criminal law response to investigate and prosecute those participating in, promoting and/or facilitating these crimes.'
Time of India
35 minutes ago
- Time of India
Butterfly effect: Flutter of jobs, migration & oil
By: Prem Udayabhanu A Kerala migrant's inside view of Pittsburgh's steel legacy, shifting politics and how oil prices and job shifts echo across oceans The lingering aura of home and the picture-postcard texture of the professed land differentiate Patoor from Pittsburgh. Much like the seemingly narrow differentiators that set Pittsburgh apart from its northeastern US cradle state of Pennsylvania. Pittsburgh, in the swing state of Pennsylvania, did not sway to the Red cauldron in 2025, though Pennsylvania did—as Trump triumphed. P ittsburgh has never elected a Republican mayor in a century. The last time a Republican won a mayoral election was in 1925. Polls are due this November. The scent of red color, though, is wafting across the boulevards that crisscross Meadowridge in Harrison City as Trump squeezed Democratic margins. Notice how the 'U' goes for a toss once you cross the oceanic swathes of the Pacific. Did we hear the linguistic echoes accompanying migration? Perhaps, yes. Just came across the lingering effability of Malabari slang in Patel's Indian store at Mall Plaza Boulevard, Monroeville. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trading CFD dengan Teknologi dan Kecepatan Lebih Baik IC Markets Mendaftar Undo We also stumbled upon a Tamil family. Telugu and Hindi whispers passed by—speaking loudly is not commonplace here. Official stats about Pittsburgh's scattered Indian demographic are scarce. These were real people, original migrant stories thinly spread across the demographic spectrum of Pittsburgh's so-called Rust Belt terrain. The Brussels-based Migration Policy Institute offered details of diaspora culled from the US Census Bureau's 2019–2023 American Community Survey. Of the 2.4 million residents of Pittsburgh, 16,000 were of Indian origin. Pittsburgh's population has since crossed three million (a size comparable to Kochi and Thiruvananthapuram, among Kerala's largest districts). But Pittsburgh's Indian count likely remains the same. STEM of knowledge Stumbled upon a finance graduate—a Mallu-Mumbaikar keen to chase the American dream at Penn State Behrend, Erie. The lanky teen is pursuing finance and business economics at the undergraduate level, sharing a hostel room with a White peer. First-year students are invariably paired with American students in hostels, rarely with another international student. Few Indians pursue finance, he says. Most flock to their national fixation—science, technology, engineering, and maths (STEM), especially computer science or computer engineering. That's a broad indicator of Indian students' academic leanings. Nearly 70% of Indian students abroad pursue STEM courses. Employability is the gamble they dabble in when jobs are the sweepstakes. Conveyor belt of jobs Jobs and factories were poll issues at the core of Trump's presidential surge. Trump mocked conventional political wisdom by borrowing generously from the Democrats' playbook and reinforcing the Rust Belt imagery to lord over them. Rust Belt states—the US Midwest and Northeast—were once manufacturing hubs, especially for steel and autos. These include Pennsylvania, Ohio, and Michigan—with Pittsburgh, a key steel hub, located in the Northeast per US Census definitions. Rust Belt was a contrasting play on Sun Belt states, used to describe booming economies in the South and Southwest. The term Rust Bowl was first coined by Ronald Reagan's presidential opponent Walter Mondale. Mondale failed miserably, and Reagan won in a landslide. Trump romped home convincingly, sweeping the Rust Belt states. It is another story that the Rust Bowl coinage itself was a play on the Dust Bowl of the 1930s, when severe dust storms colluded with economic misery to evoke the desolation and rusted factories. Mondale's insinuation was that Reagan's trade policies were turning the industrial US Midwest into a Rust Bowl. The term later morphed into Rust Belt, thanks to imaginative scribes who vouched for Mondale's theory. Golden avenues of dealmaking The new dispensation is eager to follow up on Rust Bowl, as is evident from efforts to bolster Nippon Steel's $14.9 billion bid to run Pittsburgh-based US Steel, and a golden share announced for the US to checkmate the yet unclear foreign, or Japanese, ownership issue. The golden share reportedly includes a clause allowing a presidential veto if the Japanese were to consider shifting US Steel's HQ from Pittsburgh. That should make the Rust Belt happy, but may worry foreign investors. As Trump zooms past the golden avenues of deal-making, invoking the magic wand wielded by the US President, by relentlessly escalating and backtracking on tariffs as a negotiating tool and nudging global companies to invest and Make America Great Again, oil prices have increased by roughly $10 a barrel, or 20 cents per gallon—thanks to Israel's military adventure in Iran. In the month since the Hamas-Israel conflict erupted, the price of the Indian crude oil basket surged nearly 10%. A litre of petrol now costs roughly Rs 107.48 in Thiruvananthapuram. If you crisscross the oceanic swathes of the Pacific to reach Pittsburgh, you could buy 1.45 litres for the dollar equivalent of that. This is one rare commodity in the US that you can buy cheaper than in India. A chai costs $1.5 at the Indian store in Monroeville. We do not need the IQ of STEM aspirants to understand that, unlike in our storied backyards, the welcome absence of the burden of cess alone would push oil prices out of the pricey terrain for all and sundry. For our political machinery, a tax on oil—which you cannot do without—remains the go-to fix for a pedestrian revenue-generation philosophy. The butterfly effect may move oceans and create giant waves. Oceans and titanic waves may spur the flutter of butterflies, if chaos theory is invoked. But the united colors of migration, jobs, stats, and oil may remain unique, distant truths across the planet—perhaps even farther than the oceans that separate them. (The writer is a senior journalist who has shifted to the US)
