Best Short Term Stocks in 2023

Last Updated on Nov 29, 2023 by Harshit Singh

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 best short term stocks in India

Stock Name Sub-Sector Market Cap (Rs. in cr.) Close Price (Rs.) Return on Equity (%) Debt to Equity (%) 1Y Historical Revenue Growth (%) 1Y Historical EPS Growth (%) 1Y Return vs Nifty (%) PE Ratio (%)
Natco Pharma Ltd Pharmaceuticals 13,864.00 774.05 15.66 3.42 37.57 320.61 30.50 19.38
Jyothy Labs Ltd FMCG – Household Products 16,017.64 436.20 16.23 3.00 14.33 48.02 116.88 66.81
KSB Ltd Industrial Machinery 11,582.48 3,327.55 16.97 0.25 21.76 22.33 63.96 63.38
Hero MotoCorp Ltd Two Wheelers 72,399.13 3,622.00 17.15 3.38 15.36 21.26 22.98 25.77
Engineers India Ltd Construction & Engineering 8,068.12 143.55 18.56 0.96 14.85 148.17 65.89 23.30
Cera Sanitaryware Ltd Building Products – Ceramics 10,830.51 8,327.40 18.93 4.49 25.15 38.58 45.31 51.72
Concord Biotech Ltd Pharmaceuticals 13,109.46 1,253.10 20.06 2.45 20.93 37.24 25.76 54.60
Mahanagar Gas Ltd Gas Distribution 10,145.96 1,027.15 20.44 2.77 75.84 32.35 5.38 12.84
Polycab India Ltd Electrical Components & Equipments 78,075.85 5,199.75 20.76 2.87 15.17 39.47 96.85 61.48
United Spirits Ltd Alcoholic Beverages 75,728.13 1,041.15 20.90 3.06 13.47 37.07 8.64 66.64
Mphasis Ltd IT Services & Consulting 43,394.40 2,299.80 22.02 2.50 15.16 14.08 7.18 26.49
ABB India Ltd Heavy Electrical Equipments 90,172.31 4,255.25 22.62 0.67 25.94 95.54 29.97 88.73
Bharat Electronics Ltd Electronic Equipments 103,287.17 141.30 22.80 0.44 15.48 24.41 23.53 34.61
3M India Ltd Stationery 34,272.85 30,424.00 23.36 1.59 19.40 65.84 23.77 75.99
Praj Industries Ltd Construction & Engineering 11,419.61 621.60 24.05 3.91 50.20 59.41 53.29 47.62
Mazagon Dock Shipbuilders Ltd Shipbuilding 40,647.59 2,015.35 25.97 0.13 38.58 83.20 124.19 36.32
Hindustan Aeronautics Ltd Aerospace & Defense Equipments 152,948.84 2,287.00 27.17 0.22 11.70 14.72 55.04 26.24
Coromandel International Ltd Fertilizers & Agro Chemicals 33,097.19 1,124.25 28.22 4.96 54.73 31.55 15.23 16.44
Bls International Services Ltd Outsourced services 10,720.82 261.05 28.54 0.78 77.77 140.33 41.94 53.40
ITC Ltd FMCG – Tobacco 542,886.18 435.25 29.00 0.44 16.82 25.30 21.60 28.29
Abbott India Ltd Pharmaceuticals 50,356.06 23,697.75 31.60 3.55 10.32 18.87 10.57 53.04
Ingersoll-Rand (India) Ltd Industrial Machinery 9,256.84 2,932.35 32.32 0.80 26.71 65.77 30.43 50.69
Procter & Gamble Health Ltd Pharmaceuticals 8,578.31 5,167.85 33.56 1.60 10.68 19.19 19.34 37.38
Gillette India Ltd FMCG – Personal Products 20,694.06 6,350.75 38.45 0.01 10.39 22.93 18.62 58.18

Note: The data in the above table is from 29th November 2023. The list of short term stocks are identified using Tickertape Stock Screener using the following parameters:

Stock Universe – Nifty 500

All screens > Quality Drifters

PS: ‘Quality Drifters’ is a pro screen which is accessible only with Tickertape pro subscription.

About best short term stocks in India

Natco Pharma Ltd

This smallcap research and development company focuses on developing, manufacturing and marketing finished dosage formulations (FDF) and active pharmaceutical ingredients (APIs). Upon evaluating the stock on Tickertape ‘Scorecard’, Natco shares are currently underpriced and possess a reputable profitable score of 8.2/10. Moreover, the stock witnessed an increase in investment from FII in the last 3 months.

Jyothy Labs Ltd

This smallcap FMCG company is engaged in manufacturing and marketing of fabric whiteners, soaps, detergents, mosquito repellents, scrubber, bodycare and incense sticks. The future prospect for the company looks bright as the expected earnings growth of 56.99% for the next year is more than last 3 yr’s CAGR earnings growth of 12.07%. 


KSB Ltd

KSB limited is a smallcap industrial machinery company engaged in the business of manufacturing of power driven pumps and industrial valves. Considering the revenue growth prospect, which is expected at 17.46% for next year, which is more than last 3 year CAGR revenue growth of 11.96%, the stock has a 100% buy reco from analysts. Additionally, the company has increased dividends consistently over the past 5 years.

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.

Harshit Singh
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