9 Stocks to Buy for Short-Term Gains: Axis Direct’s Picks for the Next 15 Days
With Indian equity markets touching record highs, brokerage Axis Direct has released a list of nine stocks expected to deliver short-term profits in the next 0 to 15 days. The recommendation follows a bullish session on May 15, where the Sensex surged 1,200 points and Nifty 50 jumped by 395 points, closing near all-time highs.
- The selection includes eight large-cap stocks and one mid-cap, targeting quick gains amid strong market momentum.
- Axis Direct suggests that these stocks show favorable technical setups, offering clear entry points, target prices, and stop losses.
Here’s a breakdown of the recommendations:
Tata Elxsi Ltd (Large Cap)
Currently trading at ₹6,180.5, Tata Elxsi is expected to move towards ₹6,650 in the next few sessions.
- Entry Range: ₹6,100–₹6,200
- Target Price: ₹6,650
- Stop Loss: ₹6,020
This pick reflects strong sector momentum in design and tech services.
ABB India Ltd (Large Cap)
Trading at ₹5,735, ABB India has been marked for a breakout toward ₹6,197, backed by infrastructure and automation growth.
- Entry Range: ₹5,702–₹5,759
- Target Price: ₹6,197
- Stop Loss: ₹5,613
The stock benefits from steady industrial demand and a solid technical structure.
Grasim Industries Ltd (Large Cap)
At ₹2,824.8, Grasim is showing signs of strength, with Axis setting a target of ₹2,936.
- Entry Range: ₹2,747–₹2,774
- Target Price: ₹2,936
- Stop Loss: ₹2,720
Grasim remains a diversified play in manufacturing and telecom.
Eternal Ltd (Mid Cap)
Eternal Ltd, trading at ₹242.59, offers short-term upside with a modest target of ₹257.60, making it the only mid-cap stock on the list.
- Entry Range: ₹233.50–₹236.90
- Target Price: ₹257.60
- Stop Loss: ₹230
This suggests momentum-based short-term potential with limited downside risk.
Elecon Engineering Co. Ltd (Large Cap)
Elecon, at ₹679.8, is backed for a rally toward ₹765, capitalizing on engineering and capital goods optimism.
- Entry Range: ₹666–₹679
- Target Price: ₹765
- Stop Loss: ₹655
Strong order books and sector rotation support this setup.
Tata Motors Ltd (Large Cap)
Trading at ₹728.1, Tata Motors continues to benefit from demand in EVs and commercial vehicles, with a target set at ₹774.
- Entry Range: ₹702–₹711
- Target Price: ₹774
- Stop Loss: ₹690
Axis sees strong short-term technical resilience in the stock.
Mazagon Dock Shipbuilders Ltd (Large Cap)
At ₹3,182.39, Mazagon Dock has a bullish trajectory, targeting ₹3,411, driven by defense sector tailwinds.
- Entry Range: ₹3,125–₹3,159
- Target Price: ₹3,411
- Stop Loss: ₹3,075
The stock stands out for high institutional interest and favorable fundamentals.
Macrotech Developers Ltd (Large Cap)
Currently priced at ₹1,371, Macrotech Developers is seen heading toward ₹1,485, on the back of strong real estate sentiment.
- Entry Range: ₹1,322–₹1,335
- Target Price: ₹1,485
- Stop Loss: ₹1,285
The brokerage sees further buying momentum in realty stocks continuing.
Exide Industries Ltd (Large Cap)
Exide, at ₹383.85, is the final pick with a target of ₹422, supported by automotive battery demand and market momentum.
- Entry Range: ₹383–₹386
- Target Price: ₹422
- Stop Loss: ₹374
With growing EV-related demand, the stock holds short-term breakout potential.
Axis Direct’s curated list highlights technically sound trades with defined risk-reward setups, tailored for short-term investors looking to capitalize on current market momentum.