Stocks to buy today: The stock market is full of opportunities, we just need to tap into the right one. Investing decisions are filled with risks, opportunities, and a vast fortune. There are two major types of investing, long-term investing and short term investing.Â
While long-term investing is a better and more stable alternative, when going for short-term investing you must select stocks very carefully. In the expanding dynamic of the stock market, selecting stocks with growth possibilities and potential has become increasingly important. Let us know some of the best stocks to buy today for the short term.
What are Short term Stocks?
Short term stocks are securities held by investors for a comparatively short period, probably less than a year. These are the stocks with potential for growth and are expected to experience significant price movements in the short term.
These financial instruments are traded frequently, and investors can benefit from significant price changes in a short time frame.Â
Stocks to buy today: Key Takeaways
- Penny stocks are also short-term shares of small companies. You must have good knowledge to start investing in penny stocks to gain significant returns.
- Short term stock investments have a greater potential for significant gains from frequent price changes.
- Investors need to conduct thorough research, risk management, and technical analysis to improve their returns and reduce risk factors.
Is it safe to buy Short term Stocks?
Short term stocks are powerful financial elements that can provide major returns over a short period of time. These stocks can help you reach your financial goals more quickly than long-term investing, helping you beat inflation.Â
However, you need to be extra careful and well-researched to grab higher returns and tackle risk factors. These short-term stocks are riskier and must be carefully analysed and studied to prevent losses. If you are well aware of market dynamics and can monitor the ups and downs of the stock market, then you might invest in short-term stocks.
- Do not over-invest, analyse the performance and other important matrices and gradually increase the amount.
- Always look for high potential stocks that are expected to have frequent market changes. To track this, you must carefully analyse market dynamics and major factors to guide you in making the right decision.Â
- Regularly monitor the change in price and the price change in the stock you selected. Do not frequently go for small companies that are not well established yet.
- Mergers, product launches, or other changes act like catalysts for price fluctuation, keep them on track, and make your move to gain significant returns.
5 Best Stocks to buy Today in India for short term 2024
Stocks for short terms are often risky and must be chosen after analysing various factors. In India, Nifty 50 opened with a nominal change of 0.76% at 25,010.60 Indian rupees. Let us help you choose some of the best stocks with high potential for significant growth ahead.
| S.No | Stocks | Market Capitalization |
| 1 | IndusInd Bank | 1.08 Thousand |
| 2 | Tata Consumer Products | 1.18 Thousand |
| 3 | Reliance Industries Ltd | 20.30 Thousand |
| 4 | Mazagon Dock Shipbuilders | 889.78 Billion |
| 5 | ICICI Bank | 8.48 Thousand |
1. Indusind Bank
IndusInd Bank stock has an upside potential of 10%. It is maintaining a supportive level of ₹1,335. It indicates a good selling signal for both open and high. For the month of August, IndusInd Bank Ltd has maintained a low of ₹1379.80, which is impressive. As per reports based on analyst ratings, this stock can outperform this week.Â
| Stock Market Today: Indusind Bank Ltd | |
| Open | ₹1395.30 |
| Low | ₹1379.80 |
| High | ₹1395.55 |
| P/E Ratio | 11.97 |
2. Tata Consumer products
Tata Consumer Products stock has been showing an upside potential of 9% with a high of ₹1,221.85 today. It significantly showed a rise in August, with an opening at ₹1,205 and a high of ₹1,221.85. It is considered to be one of the evergreen stock investing options. There is a fair chance of Tata Consumer Stock to outperform this week.
| Stock Market Today: Tata Consumer Products | |
| Open | ₹1205.0 |
| Low | ₹1,194.05 |
| High | ₹1221.85 |
| P/E Ratio | 101.18 |
3. Reliance Industries Limited
The Reliance trademark has been at the forefront of innovation and growth in India. Reliance Industries stock is expected to show a significant rise ahead. Reliance Industries is also in the limelight and hence has good potential for short-term investment. It opened at ₹3,013.95 and maintained a good P/E ratio of 29.53 for August.
| Stock Market Today: Reliance Industries Limited | |
| Open | ₹3,013.95 |
| Low | ₹3,006.00 |
| High | ₹3,046 |
| P/E Ratio | 29.53 |
4. Mazagon Dock Shipbuilders
With an upside potential of 16%, Mazagon Dock shipbuilders are listed on the potential list of growing financial stocks. The market capitalization of Mazagon Dock is 889.7 billion.Â
| Stock Market Today: Mazagon Dock Shipbuilders | |
| Open | ₹4,442.65 |
| Low | ₹4,300.00 |
| High | ₹4,457.60 |
| P/E Ratio | 37.42 |
5. ICICI Bank
ICICI Bank is one of India’s largest private sector banks, creating endless opportunities and integrating with the latest technologies in the world. ICICI Bank stock is expected to show considerable growth possibilities in 2024.Â
| Stock Market Today: ICICI Bank | |
| Open | ₹1205.55 |
| Low | ₹1,201.55 |
| High | ₹1,214.95 |
| P/E Ratio | 18.78 |
Parameters to Consider Before buying a Short term Stock
Always remember, before buying a short-term stock, you need to conduct a thorough analysis of the company on your list. Analyse the company’s growth potential, current assets, market capitalization, and other factors that can drive a significant price change.
There are several parameters that you must check before buying a stock for the short term.
- You need to be well aware of the performance of a stock you are targeting and wait for the best time. Look for companies with product launches, new services, mergers, etc. This might create significant gains in a short time, as they are catalysts for short term price changes.
- Keep yourself aware of the company basics and growth potential.
- Always use risk control settings such as stop loss orders, position size, etc.
- Always give priority to your financial goals and risk tolerance factors.
- Check some of the major factors, like Market Capitalization and various financial ratios, that will help you evaluate a company’s financial health.
- Price to Book (P/B) Ratio, Price to Earnings (P/E Ratio), and other ratios are important factors.
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Stocks to buy today FAQs
Q1. What are short term stocks?
Ans: Stocks invested for a lesser period of time are known as Short term stocks. These stocks are frequently changing over time and can gain good returns over a short period of time.
Q2. What are some factors for choosing a short term stock?
Ans: There are certain things that you must keep in mind while choosing a stock, like the financial health of a company, past performances, market value, current assets and liabilities, and the potential to show significant upside in a short period of time.
Q3. Which is the best short-term stock in 2024?
Ans: ICICI Bank, IndusInd Bank, Tata Consumer Products, and Reliance Industries Limited are some of the best short-term stocks that might show an exceptional uprise in the coming days.
Q4. What is the right time for the best stocks to buy today?
Ans: There is no fixed time for buying particular stocks. You must study and analyse a stock value for some time and then invest as soon as the price gets to your preferred level.
