Best Short Term Stocks in 2024

Last Updated on Jan 29, 2024 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 (%)
ITC Ltd FMCG – Tobacco 5,68,610.88 455.65 29.00 0.44 16.82 25.30 14.97 29.63
Hindustan Aeronautics Ltd Aerospace & Defense Equipments 1,94,198.88 2,903.80 27.17 0.22 11.70 14.72 111.02 33.32
Siemens Ltd Conglomerates 1,49,762.81 4,205.40 15.87 1.34 20.78 27.09 21.06 76.37
Bharat Electronics Ltd Electronic Equipments 1,38,666.50 189.70 22.80 0.44 15.48 24.41 71.98 46.46
ABB India Ltd Heavy Electrical Equipments 1,00,429.74 4,739.30 22.62 0.67 25.94 95.54 45.60 98.83
Hero MotoCorp Ltd Two Wheelers 88,792.87 4,442.15 17.15 3.38 15.36 21.26 40.16 31.60
United Spirits Ltd Alcoholic Beverages 79,717.65 1,096.00 20.90 3.06 13.47 37.07 23.26 70.16
Indian Railway Catering and Tourism Corporation Ltd Online Services 77,624.00 970.30 46.26 3.40 86.54 52.51 35.28 77.17
Polycab India Ltd Electrical Components & Equipments 65,242.51 4,343.85 20.76 2.87 15.17 39.47 34.82 51.37
Mazagon Dock Shipbuilders Ltd Shipbuilding 47,266.05 2,343.50 25.97 0.13 38.58 83.20 198.18 42.24

Note: The data in the above table showcases the best share for short term is from 29th January 2024. The list of best short term stocks are identified using Tickertape Stock Screener using the following parameters:

Stock Universe – Nifty 500

All screens > Quality Drifters

Market capitalisation Sorted from highest to lowest

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

About best short term stocks in India

ITC Ltd

ITC Limited is a company that oversees the marketing of consumer goods in various sectors: fast-moving consumer goods (FMCG), hotels, paperboards, paper and packaging, and agri-business.

The company, as of 29th January 2024, had a market capitalisation of Rs. 5,68,610.88 cr. and a stock price of Rs. 455.65. ITC Ltd’s 1-yr historical revenue growth is 16.82%, and its 1-yr historical eps growth is 25.30%. Its 1-yr return vs nifty is 14.97%. With high price upside and 92% buy reco from analysts, this is the best stock to buy for short term.

Hindustan Aeronautics Ltd

Hindustan Aeronautics is an Indian state-owned aerospace and large cap defence company. The company, as of 29th January 2024, had a market capitalisation of Rs. 1,94,198.88 cr. and a stock price of Rs. 2,903.80. Hindustan Aeronautics Ltd has a modest 1-yr historical revenue growth of 11.70%, and its 1-yr historical eps growth is 14.72%. Among other short term investment stocks, its 1-yr return vs nifty of 111.02% is the highest. With a good profitability score of 8.2 and 100% buy reco from analysts, this large cap share is the best short term share to buy.


Siemens Ltd

Siemens Limited is a company that manufactures electric motors, generators, transformers, control apparatus, machinery, and safety equipment.

The company, as of 29th January 2024, had a market capitalisation of Rs. 1,49,762.81 cr. and a stock price of Rs. 4,305.55. Siemens Ltd’s 1-yr historical revenue growth is 20.78%, and its 1-yr historical eps growth is 27.09%.

Bharat Electronics Ltd

Bharat Electronics Limited designs, manufactures, and supplies electronics products for defense and non-defense markets. Its main products include weapon systems, radar, and fire control systems.

The company, as of 29th January 2024, had a market capitalisation of Rs. 1,38,666.50 cr. and a stock price of Rs. 189.70. Bharat Electronics Ltd 1-yr historical revenue growth is 15.48%, and its 1-yr historical eps growth is 24.41%. The company has performed exceptionally well against the nifty benchmark and recorded 71.98% growth in the past year. With an impressive ‘Profitability’ score of 7.5 and 86% buy reco from analysts, this stock is heavily traded on the exchange making it the best share to buy for short term.

ABB India Ltd

ABB India Ltd is a large-cap heavy electrical equipment company focused on power and automation business. The company, as of 29th January 2024, had a market capitalisation of Rs. 1,00,429.74 cr. and a stock price of Rs. 4,739.30. ABB Ltd’s 1-yr historical revenue growth is 25.94%, and its impressive 1-yr historical eps growth is 95.54%. 

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.

FAQs

Which short term investment stocks are from Nifty Smallcap 100?

The best share to buy for short term from Nifty Smallcap 100 are – 
– Jyothy Labs Ltd
– Bls International Services Ltd
– Natco Pharma Ltd
– Mahanagar Gas Ltd
– Praj Industries Ltd

Which are the top shares for short-term from Nifty Midcap 100?

The list of best stocks for short term from Nifty Midcap 100 are – 
– Polycab India Ltd
– Mazagon Dock Shipbuilders Ltd
– Coromandel International Ltd

Which are the best short term shares to buy with high buy reco?

The best stock for short term based on buy reco are –
– Gillette India Ltd
– Hindustan Aeronautics Ltd
– Ingersoll-Rand (India) Ltd
– KSB Ltd
– 3M India Ltd
– ITC Ltd

Harshit Singh
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