Dalmia Bharat, Tata Steel & Others: Top 5 Stocks Recommended for Short-Term Gains
With markets cooling off after a strong rally, investors are now turning to short-term trading opportunities for quick profits. On May 6, domestic indices like Nifty50 and Sensex slipped due to profit booking, prompting brokerage Axis Direct to highlight five high-potential stocks expected to deliver returns within 0–15 days. These picks span both large-cap and mid-cap segments and include Tata Steel, Dalmia Bharat, Narayana Hrudayalaya, Biocon, and EID Parry.
Axis Direct’s 5-Stock Short-Term Portfolio
Axis Direct believes these five stocks have strong technical setups to yield meaningful gains in the near term.
- The brokerage has shared precise entry ranges, target prices, and stop losses for each pick.
- The idea is to capitalize on price momentum and trading setups that align with market movements post-correction.
Tata Steel: Riding on Momentum
Current Price: ₹144.44
- Recommended Entry: ₹142–₹143.90
- Target: ₹152
- Stop Loss: ₹141
Tata Steel, one of India’s leading steelmakers, is seen as a value buy at current levels.
- The stock has shown price strength and volume accumulation, making it suitable for a short-term play.
- A break above ₹145 could further confirm bullish continuation.
Dalmia Bharat: Cement Sector Opportunity
Current Price: ₹1,952.40
- Recommended Entry: ₹1,948–₹1,968
- Target: ₹2,112
- Stop Loss: ₹1,920
Cement player Dalmia Bharat is showing positive technical indicators, according to Axis Direct.
- The stock has potential for a short-term breakout, supported by demand recovery in infrastructure and housing.
- A sustained move above ₹1,970 may trigger fresh buying interest.
Narayana Hrudayalaya: Healthcare with Upside
Current Price: ₹1,795.50
- Recommended Entry: ₹1,810–₹1,829
- Target: ₹1,961
- Stop Loss: ₹1,785
The hospital chain Narayana Hrudayalaya has emerged as a strong performer in the healthcare space.
- The stock is trading close to short-term support levels, offering a low-risk entry.
- A bounce from current levels may lead to a quick rally toward the target zone.
Biocon: Pharma Stock with Technical Setup
Current Price: ₹341.45
- Recommended Entry: ₹336–₹339.50
- Target: ₹354
- Stop Loss: ₹334.50
Biocon’s technical chart indicates range consolidation with signs of a potential breakout.
- The biotech major could see upward movement if the broader pharma sector gains traction.
- A breach above ₹345 may accelerate the uptrend toward ₹354.
EID Parry: Sugar Stock with Buzz
Current Price: ₹843.15
- Recommended Entry: ₹832–₹840
- Target: ₹915
- Stop Loss: ₹815
Sugar major EID Parry has made it to Axis Direct’s list due to favorable chart patterns and sectoral strength.
- The stock could benefit from rising sugar prices and export tailwinds.
- The near-term target of ₹915 is achievable if momentum sustains.
Final Word for Traders
These stocks have been recommended based on technical patterns and near-term indicators, not long-term fundamentals.
- Tight stop losses are advised to protect capital in case of adverse moves.
- As always, investors should consult with their financial advisor before acting on these tips.