Experts Recommend 6 Stocks for Short-Term Gains: GMDC, Hindustan Zinc Among Top Picks

Stocks to Buy for Short Term: Experts Recommend Six Stocks Amid Q4 Results Season

The Indian stock market, represented by the Sensex and the Nifty 50, snapped its three-session losing streak on Monday, 27 April, supported by select heavyweights, including Reliance Industries, Sun Pharma, and HDFC Bank. The Nifty 50 ended at 24,092.70, rising 0.81%, while the Sensex settled at 77,303.63, gaining 0.83%.

Despite the market's rebound, experts caution that the ongoing uncertainty over possible US-Iran peace talks and higher crude oil prices may trigger profit booking at higher levels. Additionally, the domestic market may remain volatile on Tuesday due to the monthly expiry of futures and options (F&O) contracts.

Experts recommend focusing on quality stocks with healthy fundamentals and favourable technical indicators amid the ongoing Q4 results season. Vishnu Kant Upadhyay of Master Capital Services and Aakash Shah of Choice Broking recommend the following six stocks to buy for the next 1-2 weeks.

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

Stocks Picks for Short Term

Gujarat Mineral Development Corporation (GMDC)

• Previous close: ₹698.55
• Target prices: ₹765 and ₹780
• Stop loss: ₹635

According to Upadhyay, GMDC is maintaining a strong upward trajectory, with the stock continuing its existing positive trend after a recent breakout. The current pullback towards the 21 EMA appears healthy, indicating a controlled retracement rather than weakness.

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline

International Gemmological Institute (IGIL)

• Previous close: ₹355.85
• Target prices: ₹382 and ₹390
• Stop loss: ₹334

As per Upadhyay, IGIL stock is showing signs of renewed strength after successfully retesting its breakout zone, which aligns closely with the 200 EMA, reinforcing the validity of the support. The stock has bounced back from this confluence area, indicating strong demand at lower levels.

Hindustan Zinc

• Previous close: ₹628
• Target prices: ₹685 and ₹694
• Stop loss: ₹576

Upadhyay said Hindustan Zinc shares are witnessing a notable improvement in its price structure, marked by a breakout from an inverse head and shoulders pattern, backed by a strong surge in volumes, indicating meaningful buying interest.

Sai Life Sciences

• Previous close: ₹1,067.30
• Target price: ₹1,162
• Stop loss: ₹1,010

Shah underscored that Sai Life Sciences share price is displaying a strong continuation pattern after a brief consolidation phase, currently trading near ₹1,067 which is also close to all-time high level.

Techno Electric & Engineering Company

• Previous close: ₹1,280.45
• Target price: ₹1,385
• Stop loss: ₹1,212

According to Shah, Techno Electric stock has recently shown a decisive breakout from a long-term descending trendline, indicating a potential shift from a bearish to a bullish structure.

Vijaya Diagnostic Centre

• Previous close: ₹1,112.05
• Target price: ₹1,200
• Stop loss: ₹1,050

Shah said Vijaya Diagnostic has recently transitioned from a consolidation phase into a strong upward move.