Best Short Term Stocks in 2024

Short term stocks are stocks that possess good financial fundamentals but somehow lag behind the market rally. However, with the market picking up the momentum, these stocks soon to follow the upward trend, which is why investors are on the lookout to generate high ROI from these stocks for the short term. If you’re looking to add top short term stocks to your investment portfolio, here’s how you can find the best short term stocks using Tickertape Stock Screener.

List of the Best Short Term Stocks in India

Note: The data in the above table showcases the best share for short term is from 30th April 2024. The list of best short term stocks is identified using Tickertape Stock Screener using the following parameters:

• Stock Universe – Nifty 500
• All screens > Quality Drifters
• Market capitalisation – Sorted from highest to lowest

Invest in the Best Stocks Selected by SEBI-Registered Analysts

Did you know that you can invest in readymade electric vehicle stock portfolios managed by SEBI-registered experts?

But, before that, let’s look at what smallcase is.

What is a smallcase?

smallcases are modern investment products that help investors build low-cost, long-term & diversified portfolios with ease. A smallcase is a basket or portfolio of stocks/ETFs representing an idea – an objective, theme, or strategy. They are created and managed by SEBI-registered experts.

Also Read :- Top 10 long term stocks in India as per market capitalisation

About Best Short Term Stocks in India

Hindustan Aeronautics Ltd

Hindustan Aeronautics Ltd is a leader in aerospace and defense equipment in India, known for its extensive range of products including aircraft and helicopters. As of 30th April 2024, the company had a market capitalisation of Rs. 268,693.73 cr. and a stock price of Rs. 3,939.35. Hindustan Aeronautics Ltd’s 1-yr historical revenue growth is 11.7%, and its 1-yr historical EPS growth is 14.72%. Its 1-yr return vs Nifty is 148.34%.

Bajaj Auto Ltd

Bajaj Auto Ltd is one of India’s prominent two-wheeler manufacturers, renowned for its motorcycles and three-wheelers. The company, as of 30th April 2024, had a market capitalisation of Rs. 244,564.26 cr. and a stock price of Rs. 8,903.65. Bajaj Auto Ltd’s 1-yr historical revenue growth is 22.01%, and its 1-yr historical EPS growth is 28.77%. Its 1-yr return vs Nifty is 69.62%.

Siemens Ltd

Siemens Ltd operates as a conglomerate with diverse interests across industry, energy, healthcare, and infrastructure sectors in India. The company had a market capitalisation of Rs. 205,718.21 cr. and a stock price of Rs. 5,841.70 as of 30th April 2024. Siemens Ltd’s 1-yr historical revenue growth is 20.78%, and its 1-yr historical EPS growth is 27.09%. Its 1-yr return vs Nifty is 39.91%.

Bharat Electronics Ltd

Bharat Electronics Ltd specializes in the design and manufacture of electronic products for the defense sector. The company had a market capitalisation of Rs. 172,072.19 cr. and a stock price of Rs. 233.75 as of 30th April 2024. Bharat Electronics Ltd’s 1-yr historical revenue growth is 15.48%, and its 1-yr historical EPS growth is 24.41%. Its 1-yr return vs Nifty is 100.56%.

ABB India Ltd

ABB India Ltd is involved in providing technology solutions in the areas of electrification, robotics, automation, and motion. The company, as of 30th April 2024, had a market capitalisation of Rs. 136,721.16 cr. and a stock price of Rs. 6,540.75. ABB India Ltd’s 1-yr historical revenue growth is 18.29%, and its 1-yr historical EPS growth is 22.22%. Its 1-yr return vs Nifty is 62.31%.

Eicher Motors Ltd

Eicher Motors Ltd is known for its commercial vehicles and motorcycles, including the iconic Royal Enfield brand. The company had a market capitalisation of Rs. 125,179.83 cr. and a stock price of Rs. 4,597.40 as of 30th April 2024. Eicher Motors Ltd’s 1-yr historical revenue growth is 42.17%, and its 1-yr historical EPS growth is 73.75%. Its 1-yr return vs Nifty is 11.09%.

Hero MotoCorp Ltd

Hero MotoCorp Ltd is the world’s largest manufacturer of motorcycles and scooters. The company had a market capitalisation of Rs. 89,119.11 cr. and a stock price of Rs. 4,543.05 as of 30th April 2024. Hero MotoCorp Ltd’s 1-yr historical revenue growth is 15.36%, and its 1-yr historical EPS growth is 21.26%. Its 1-yr return vs Nifty is 53.47%.

United Spirits Ltd

United Spirits Ltd is a leading player in the alcoholic beverages sector in India, known for its extensive portfolio of vodka, rum, whisky, and other spirits. The company had a market capitalisation of Rs. 85,863.77 cr. and a stock price of Rs. 1,177.00 as of 30th April 2024. United Spirits Ltd’s 1-yr historical revenue growth is 13.47%, and its 1-yr historical EPS growth is 37.07%. Its 1-yr return vs Nifty is 25.92%.

Polycab India Ltd

Polycab India Ltd is a leading manufacturer of wires, cables, and other electrical products, known for its extensive range of high-quality products that cater to various electrical and infrastructure needs. As of 30th April 2024, the company had a market capitalisation of Rs. 84,739.06 cr. and a stock price of Rs. 5,666.55. Polycab India Ltd’s 1-yr historical revenue growth is 15.17%, and its 1-yr historical EPS growth is 39.47%. Its 1-yr return vs Nifty is 48.41%.

Indian Railway Catering and Tourism Corporation Ltd

Indian Railway Catering and Tourism Corporation Ltd (IRCTC) is the only entity authorized by Indian Railways to provide catering services, online tickets, and packaged drinking water at railway stations and trains in India. The company had a market capitalisation of Rs. 83,620.00 cr. and a stock price of Rs. 1,038.75 as of 30th April 2024. IRCTC’s 1-yr historical revenue growth is 86.54%, and its 1-yr historical EPS growth is 52.51%. Its 1-yr return vs Nifty is 40.55%.

When considering investments in the best stocks for short-term gain, particularly looking at options like the best stocks to invest in 2024 for short-term or the best share for short-term 2024, it’s crucial to analyse market trends and individual stock performance. Investors looking for short-term investment stocks or short time investment shares often focus on those with high potential for rapid appreciation. 

How to Identify the Best Stocks for Short Term Gain?

1. Market Analysis: For those considering the best stocks to buy today in India for short-term, it’s essential to stay updated with market trends and forecasts. This involves analysing economic indicators, sector performance, and market sentiment.
2. Event-Driven Opportunities: Stocks for short-term gain often react to specific events or news such as product launches, regulatory approvals, or corporate earnings. Identifying stocks that are likely to experience significant short-term fluctuations due to such events can be beneficial.
3. Technical Analysis: Utilising technical analysis to identify the best stock for short-term or best share for short-term can provide insights into price movements and trends. This method focuses on patterns in stock price movements and trading volumes to forecast future activity.

Strategies for Short Term Investment Stocks

1. Set Clear Objectives: Define what “short-term” means for you—whether it’s a few weeks, months, or within the year 2024. Setting a clear time frame helps in selecting the appropriate stocks that align with your investment horizon.
2. Risk Management: Investing in the best stocks to invest in 2024 for short term in India requires careful risk management. Due to the inherent volatility in short-term trading, setting stop-loss orders and having a pre-defined risk-to-reward ratio can mitigate potential losses.
3. Diversification: Even within a short-term investment framework, diversifying across various sectors or industries can reduce the risk. No single stock or sector should dominate your short-term investment portfolio.
4. Stay Informed: For those looking into the best stocks to invest in 2024 for short term, keeping abreast of financial news and market developments is critical. This includes understanding the impacts of geopolitical events, economic data releases, and corporate earnings reports on stock prices.

Risks of Investing in the Best Stocks for Short Term Gain

Investing in the best short-term stocks can offer substantial returns but also comes with specific risks that investors must consider carefully:

1. Market volatility: Short-term stock investments are highly sensitive to market conditions. They can be affected by daily news events, market sentiments, and economic indicators, making their prices volatile. The rapid fluctuation in prices can lead to significant gains but also substantial losses.
2. Liquidity risk: Some stocks considered for short-term investments may suffer from low liquidity, making it difficult to execute large trades without affecting the stock’s price. This can be particularly challenging when trying to exit positions during volatile market conditions.
3. Timing and execution: Successful short-term trading relies heavily on precise timing and execution. Misjudgments in timing, even by small margins, can turn potential profits into losses. Additionally, transaction costs, such as trading fees and taxes, can erode gains made from short-term trades.
4. Limited information: Investors in short-term stocks often base decisions on recent trends rather than long-term fundamentals. This can lead to investments in companies without solid financials or growth prospects, increasing the risk if market sentiment shifts.
5. Emotional trading: The fast-paced nature of short-term trading can lead investors to make decisions based on emotions like fear or greed rather than rational analysis. This behaviour can amplify losses, especially in volatile or unpredictable markets.
6. Regulatory and political risk: Changes in regulations or political instability can affect market conditions dramatically and unpredictably, impacting short-term stock investments more severely than longer-term investments.
7. Over-leveraging: In pursuit of higher returns, some investors might use leverage, borrowing capital to invest in the stock market. This can amplify gains but also increase potential losses, which can exceed the initial investment in some cases.

Investors interested in short-term stocks should be prepared to manage their investments actively, stay informed about market conditions, and develop strategies to mitigate these risks, such as setting stop-loss orders or diversifying their investment portfolios.

Conclusion

Short term stocks present a small window of opportunity to make profits. Therefore, an investor has to be on their toes to identify and sell the stock when the window is still open. Using Tickertape Stock Screener, an investor can identify the potential risks lingering around short term stocks and make the trade to make quick profit.