After doing some little research, i have selected few stocks from small-cap and mid-cap indexes which you can buy for short-term. Even in flat market, i think these stocks have potential to give upto 60-70 percent return in short-term.
First stock that i think can give good returns in short-term is of Reliance power. It is a power company engage in production of electricity. Rpower is a part of Reliance Group or ADAG. For the June quarter, company posted a quite stable and good earnings in market. Recently, i readed about hike in unit price of electricity due to increase in demand and lower production. I think this can be booster dose for rpower to pull it. Although, reliance power is also a good stock to hold for long-term as a bet on power sector. However, i think one can buy rpower for short-term with a target of around Rs.65.
Firstsource solutions is a provider of business process outsourcing services having headquarters in Mumbai. CESC is the majority shareholder of the company. Earlier, when it was around Rs.39, i suggested to buy it for short-term target of Rs.52. But after having highs of Rs.48-49, it get reversed and moved to Rs.34. However, now i think it is again getting ready to break level of Rs50 in near term. Therefore, i think one can buy it for short-term target of Rs50.
Jindal Steel & Power ltd
Jindal steel & power is my third choice that i think can touch levels of Rs190 in short-term. Company is engage in both power and steel business. Whereas metal sector is in buying mode from last many quarters, power sector may have good growth in upcoming quarters. Earlier, i had suggested it at Rs.70 to buy for short-term. And now when it is quoting around Rs140, i think one can again buy it for short-term with a target of Rs190.
Eros international is engage in the business of Film production and distribution in India. After blockbuster films such as Bahubali and Dangal released in starting of 2017 which shown the potential of Bollywood, i think one can surely buy Eros international for short-term. The list of upcoming films of Eros is exciting and potential full as it includes big names. In past months, stock of Eros intl has not performed as much as i was expecting. Therefore, i would recommend to buy Eros international for short-term target of Rs.270.
Jaiprakash power is a power company operates power projects in India. Recently, Banks had started process of selling their stake in company formed after Debt to Equity conversion to a new list of buyers. After which, we have seen a great ran-up in stock. However, JP Associate and Jaypee infra have created some pressure on stock after bankruptcy petitions. Although, i think Jaiprakash power has potential to run as much as 30 percent even after such condition of other group stocks. Therefore, one can buy Jaiprakash power for a target of Rs9.40 in short-term. However, one can also choose to keep stoploss of around Rs.6.70.
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