Best Short Term Stocks to Buy in 2024

Best Short Term Stocks to Buy in 2024 – SMC Global Securities

Since short term stocks have the potential to generate significant returns, they are an excellent option for investors hoping to profit from rapid shifts in the market. Investors are looking for short-term high return on investment (ROI) from these stocks as the market is gaining steam, and short-term equities are likely to follow the rising trend.

Here are the best stocks to buy today india for short-term. Don’t allow these fantastic short-term investing opportunities in the Indian stock market for 2024 to pass you by; invest now!

What are short term stocks?

Short-term stocks are investments that are traded regularly. In other words, investors only hold these financial instruments for a short period, as it is with long-term stocks. These companies are frequently chosen based on market sentiment, technical analysis, or short-term catalysts instead of long-term fundamentals.

List of best Long Term Stocks to Buy in 2024

  1. Hindustan Aeronautics Ltd
  2. ABB India Ltd
  3. Siemens Ltd
  4. Bharat Electronics Ltd
  5. Jyothy Labs Ltd
  6. United Spirits Ltd
  7. Natco Pharma Ltd
  8. Engineers India Ltd
  9. Bls International Services Ltd
  10. Hero MotoCorp Ltd

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Overview of Best Long Term Stocks to Invest in India

Hindustan Aeronautics Ltd

Hindustan Aeronautics Ltd (HAL), owned by the Indian government, is an aerospace and defence-based company. Compared to the sector P/E of 33.36, Hindustan Aeronautics’ TTM P/E ratio is 21.36. It is one of the best stocks to buy for short term.

ABB India Ltd

Energising the transformation of industry and society towards a more sustainable and productive future, ABB is a leading worldwide engineering company. ABB Ltd. showed a remarkable rise in earnings per share (EPS) of 95.54% over the past year, with sales growth of 25.94%.

Siemens Ltd

Siemens Ltd. primarily focuses on automation and digitalisation in the manufacturing and process sectors, intelligent building infrastructure, decentralised energy systems, and innovative mobility solutions for road and rail transportation. It is anticipated that Siemens will see annual sales and profit growth of 1.7% and 1.8%, respectively. The projected annual growth rate for EPS is 1.8% and the anticipated return on equity in three years is 17.1%.

Bharat Electronics Ltd

Revenue and earnings growth for Bharat Electronics are expected to increase by 16.2% and 14% annually, respectively. An annual growth of 14.1% is anticipated for EPS, and a 29% return on equity is projected in the next three years.

Jyothy Labs Ltd

The Indian household goods sector has benefited significantly from the contributions of Jyothy Laboratories Ltd. The company, which was formerly known as Jyothi Laboratories Pvt., Ltd., has expanded its product line to include fabric care, home insecticides, dishwashing solutions, mosquito repellents, and personal care products.

United Spirits Ltd

USL is the second-largest spirits company in the world by volume and an Indian manufacturer of alcohol-based beverages. Revenue and profits growth for United Spirits is projected to increase by 21.2% and 15.7% per annum, respectively. Growth in EPS is anticipated to be 15% and a return on equity of 20.1% is forecasted for the next three years.

Natco Pharma Ltd

Pharmaceutical company Natco Pharma Limited (NATCO) is vertically integrated and maintains a high priority on research and development (R&D). The company is completely debt-free and provides a unique opportunity for investors looking for short term stocks to buy.

Engineers India Ltd

Leading international engineering consultation and EPC company Engineers India Ltd (EIL) primarily serves the petrochemical and oil and gas sectors with technical consulting and EPC services.

The company reported Consolidated Total Income for the quarter ending December 31, 2023, at Rs 898.14 Crore. This is an increase of 3.74% from the previous quarter’s total income of Rs 833.61 Crore and 3.40% from the same quarter last year when Total Income was Rs 868.58 Crore—the company’s most recent quarter had net profit after taxes of Rs 52.74 crore.

Bls International Services Ltd

Bls International Services Ltd., one of the top two global players in the tech industry, is an Indian homegrown tech-enabled company that serves governments and diplomatic missions worldwide and can be regarded as one of the best short term stocks. With over 18 years of expertise, the firm has served 46 client governments in 64 countries.

Hero MotoCorp Ltd

Since 2001, it has emerged as a prominent manufacturer of motorbikes and scooters based on unit sales. Using the best of both worlds, India’s Hero Cycles and Japan’s Honda launched the company as a joint venture in 1984.

Hero MotoCorp announced a 51% YoY increase in net profit for the December quarter, totalling Rs 1,073.40 crore on Friday. This gain was essentially in line with expectations. Operating revenue increased 21% YoY to Rs 9,724 crore during the quarter, surpassing an ETnow poll estimate of Rs 9,690 crore.

WHY SMC

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Latest Performance of best Long Term Stocks to Buy in 2024

Name of the Stock Market cap

(Cr.)

ROI (%) Debt to Equity Ratio ROCE (%) PE Ratio (%)
Hindustan Aeronautics Ltd 1,97,770  78.57 0.00 30.6 32.2
ABB India Ltd 96,756 44.92 0.0024 23.0 80.0
Siemens Ltd 1,55,938 31.53 56 20.7 80.5
Bharat Electronics Ltd 1,32,895 22.4272 0.0041 29.9 37.2
Jyothy Labs Ltd 17,544 42.64 0.00 18.1 50.1
United Spirits Ltd 82,009 25.18 3.00 20.0 64.5
Natco Pharma Ltd 15,823 0.11 0.0340 17.7 14.0
Engineers India Ltd 12,076 40.18 0.00 23.7 23.2
Bls International Services Ltd 14,884 139.97 0.0026 31.6 52.4
Hero MotoCorp Ltd 96,301  9.8 0.00 22.7 25.9

Benefits of Long Term Investments Stocks

  • Individuals can use short term stocks to generate returns or profits on their surplus money while additionally ensuring that they can satisfy any future financial obligations.
  • Short-term investment provides flexibility to investors since they don’t need to wait for the security to mature to obtain profit. Long-term investments, on the other hand, can be liquidated through secondary market sales, but the investor gets fewer earnings.
  • Apart from equity shares, many kinds of short-term investment alternatives provide a consistent and reliable source of income.
  • It is less risky because the money involved in each transaction is significantly lower.

WHY SMC

  • 20 Lac+ unique clients
  • 33+ Years of Serving
  • Advance Technical Analysis
  • Free Demat Account



Conclusion

While short-term investment can provide possibilities for fast gains, risk management and a disciplined strategy are required to maximise rewards. Focus on companies with new products, strong financials, and an established track record of meeting short-term objectives. Consider fast-growing industries like healthcare, technology, and renewable energy.

Consider these stocks to buy for short term and strengthen your portfolio today!

Author: All Content is verified by SMC Global Securities.

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