Best Stocks To Buy Today In India For The Short Term (2024)

Current Price

52 Week High and Low

Dividend Yield

Valuation Metrics

• PE Ratio: The current PE ratio of 24.55 suggests that Mold-Tek Technologies may be overvalued, particularly when compared to its EPS of INR 9.36. This valuation indicates the market might be pricing in higher growth expectations than the company can deliver.

Market Performance and Trends

• Recent Performance: The stock has experienced a notable decline, with a -10.18% decrease over the past month and a -26.98% drop over the past year. This negative momentum suggests a bearish market sentiment and potential for continued downside.
• 52-Week Range: The share price’s 52-week high is INR 398.55, while the low is INR 180.00. Currently trading closer to the lower end of this range, the stock has demonstrated vulnerability to further depreciation.

Financial Stability and Growth

• Income Trends: Total income has shown inconsistent growth, with a recent decline of -5.66% for the June 2024 quarter compared to the previous quarter. Despite occasional growth spurts, the overall trend raises concerns about the company’s ability to sustain stable revenue growth.
• Sectoral Position and Market Cap: With a market cap of INR 656.70 crore and a sectoral rank of 31, Mold-Tek Technologies is a relatively smaller player in its sector, which could expose it to higher volatility and less resilience in downturns.

Risk Assessment

• PB Ratio: The PB ratio stands at 5.40, indicating that the stock is trading at a significant premium to its book value. This high ratio suggests that the market might be overvaluing the company’s assets.
• Beta: With a beta of 0.05, the stock has very low volatility compared to the market. This low beta can limit potential upside movements and might not compensate adequately for the risk of holding the stock during bearish phases.
• Dividend Yield: The dividend yield is modest at 0.87%, offering limited income to investors and making the stock less attractive in a downturn.

Current Price

52 Week High and Low

Dividend Yield

Valuation Metrics

• PE Ratio: With a PE ratio of 42.33, Kronox Lab appears to be highly overvalued, especially considering its EPS of INR 3.55. This high valuation suggests that investors might be overly optimistic about the company’s future growth prospects, making the stock vulnerable to corrections.
• PB Ratio: The price-to-book ratio (PB Ratio) is 8.40, indicating that the stock is trading at a high multiple of its book value. This could be a red flag, as it suggests the market price may not accurately reflect the company’s actual financial health.

Market Performance and Trends

• Recent Performance: Over the past month, the share price has declined by -7.26%. This recent downturn could indicate waning investor confidence or underlying issues within the company. Additionally, a one-week decline of -1.75% further supports the bearish trend.
• 52-Week Range: The stock’s 52-week high and low are INR 173.84 and INR 143.78, respectively. Currently, the stock is trading closer to the lower end of this range, indicating potential further downside risk.

Financial Stability and Growth

• Income Trends: For the quarter ending March 2024, the total income was INR 23.00 crore, showing a slight increase from INR 21.13 crore in December 2023. However, the lack of historical data (N.A. for 1-year, 3-year, and 5-year returns) suggests that the company may be relatively new or lacking a consistent track record, which can add to investor uncertainty.
• Sectoral Position and Market Cap: With a market cap of INR 557.15 crore and a sectoral rank of 136, Kronox Lab is a smaller player in its sector. This smaller market presence could lead to greater volatility and risk during market downturns.

Risk Assessment

• Dividend Yield: The dividend yield is 0.00%, indicating that the company does not currently pay dividends. This lack of dividend income makes the stock less attractive to income-focused investors, particularly in volatile markets.
• Beta: The absence of a beta value suggests that the stock’s volatility relative to the market is not well established. This uncertainty can be risky for investors who need to gauge the stock’s potential reaction to market movements.

Current Price

52 Week High and Low

Dividend Yield

Valuation Metrics

• PE Ratio: At a PE ratio of 7.72, SKM Egg Products is relatively undervalued compared to its earnings. This low PE ratio could be misleading for short-selling, as it suggests the stock is not overly expensive.
• EPS (Earnings Per Share): The company has a robust EPS of INR 32.44, indicating healthy profitability. However, the declining trend in share price suggests market concerns despite strong earnings.
• PB Ratio: A price-to-book ratio of 2.38 indicates the stock is trading at over twice its book value, which is moderate and not alarmingly high.

Market Performance and Trends

• Recent Performance: The stock has experienced a negative trend, with a 1-week decline of -4.78% and a 1-month decline of -0.95%. Over three months, it has fallen by -9.73%, indicating consistent downward pressure.
• Long-Term Performance: Despite short-term declines, SKM Egg Products has performed exceptionally well over the long term, with a 3-year return of 194.29% and a 5-year return of 737.44%. This history of strong returns could make short-selling riskier if the company regains investor confidence.

Financial Stability and Growth

• Income Trends:
  • March 2024: Total income was INR 171.55 crore, showing an 11.74% growth compared to the previous quarter.
  • Previous Quarters: The income has fluctuated, with a notable decline in December 2023 (-12.57%) and September 2023 (-17.19%) but a rebound in March 2024. This volatility in revenue growth suggests uncertainty in the company’s business prospects.
• Sectoral Position: With a market cap of INR 659.30 crore and a rank of 9 in its sector, SKM Egg Products is a relatively smaller player, which might contribute to higher volatility.

Risk Assessment

• Dividend Yield: The dividend yield is 0.00%, indicating no dividend distribution to shareholders. This lack of dividends may deter income-focused investors, potentially leading to further price declines if investors seek more stable returns elsewhere.
• Beta: A beta of 1.68 suggests that the stock is more volatile than the overall market. This high beta can amplify gains in a bullish market but also exacerbate losses during downturns, making it a potential candidate for short-selling during negative market conditions.
• 52-Week Range: The stock’s 52-week high and low are INR 560.40 and INR 215.00, respectively. Currently trading well below its peak, the stock has significant room for potential decline.

Current Price

52 Week High and Low

Dividend Yield

Valuation Metrics

• PE Ratio: Saksoft Ltd has a PE ratio of 29.92, indicating it is relatively expensive compared to its earnings. This high valuation could make the stock vulnerable to a correction if earnings growth does not meet market expectations.
• EPS (Earnings Per Share): With an EPS of INR 9.07, the company demonstrates solid earnings, but the high PE ratio suggests that these earnings might already be priced into the stock.
• PB Ratio: A price-to-book ratio of 5.69 indicates that the stock is trading at a significant premium over its book value. This can be a sign of overvaluation, which may lead to price corrections.

Market Performance and Trends

• Recent Performance:
  • 1 Month: The stock has fallen by -2.18%, showing a downward trend over a more extended period.
  • 3 Months: There is a slight positive return of 3.38%, reflecting some resilience in the medium term.
• Long-Term Performance:
  • 1 Year: The stock has declined by -9.89%, indicating potential challenges in maintaining its price levels.
  • 3 Years: A significant return of 323.93%, showing strong long-term performance.
  • 5 Years: An impressive return of 979.25%, highlighting substantial long-term growth.

Financial Stability and Growth

• Income Trends:
  • March 2024: Total income was INR 197.36 crore, a slight growth of 1.73% compared to the previous quarter.
  • Past Quarters: The income has shown minimal growth rates, with the most notable being a 4.93% increase in March 2023. The recent quarters have shown stagnation, with growth rates hovering around 1-2%.
• Sectoral Position: With a market cap of INR 2,877.95 crore and a rank of 33 in its sector, Saksoft is a mid-sized player. Its mid-cap status can lead to higher volatility compared to larger companies, making it a potential candidate for short-selling during downturns.

Risk Assessment

• Dividend Yield: The dividend yield is a modest 0.29%, which is relatively low and unlikely to attract income-focused investors. This low yield could pressure the stock price if investors shift towards higher-yielding assets.
• Beta: A beta of 0.28 indicates low volatility relative to the market. This lower risk profile could provide some stability, reducing the appeal for short-sellers looking for high-volatility stocks.
• 52-Week Range: The stock’s 52-week high and low are INR 402.20 and INR 209.95, respectively. Currently trading below its highs, the stock may face resistance in reaching previous peaks, especially if market sentiment turns negative.

Current Price

52 Week High and Low

Dividend Yield

Valuation Metrics

• PE Ratio & EPS: Petro Carbon shows a PE ratio and EPS of zero, indicating the company might be reporting losses or not generating any earnings. This lack of profitability is a red flag for potential investors, as it suggests financial instability or ongoing operational challenges.
• Market Capitalization: The market capitalization data is unavailable, making it difficult to gauge the company’s market size and compare it with its sector peers.
• Sectoral Market Cap Rank: Ranked at 393 within its sector, Petro Carbon is positioned very low, suggesting it is a smaller player in the market. This rank typically correlates with higher volatility and risk.
• PB Ratio: With a PB ratio of 0.00, and a lack of book value is because of it being new in the market.

Market Performance and Trends

• Share Price Performance:
  • 1 Month: A steep drop of -22.93%, reflecting a strong downward trend and possible selling pressure.
  • Long-Term Performance: Data for 3 years, 5 years, and other extended periods is not available, suggesting either recent listing or insufficient trading history.
• 52-Week Range: The stock has traded between INR 268.05 and INR 382.80 over the past year. Currently, the stock is closer to its lower end, indicating it is trading at depressed levels and may not have strong support levels.

Financial Performance

• Quarterly Income:
  • March 2024: Total income reported was INR 93.24 crore, showing a decline of -3.76%. This negative growth in income is concerning, as it suggests a shrinking revenue base, which can lead to further financial strain.

Risk Assessment

• Beta: Data on beta is not available, making it challenging to assess the stock’s volatility compared to the market. However, given the stock’s steep recent declines, it can be inferred that it may have high volatility.

Petro Carbon’s lack of profitability, combined with significant recent declines in share price, paints a bleak picture for the stock. The absence of earnings, dividends, and book value suggests a weak financial position. The substantial decrease in total income further indicates that the company is struggling operationally.

For short-sellers, Petro Carbon may present an opportunity due to its apparent financial instability and negative market sentiment. However, potential investors should be cautious and closely monitor the stock, as the lack of historical data and high volatility can lead to unpredictable price movements. Moreover, the absence of key metrics like market capitalization and beta adds an element of uncertainty, making this a high-risk short-selling candidate.

Current Price

52 Week High and Low

Dividend Yield

Valuation Metrics

• PE Ratio: Maruti Suzuki has a PE ratio of 25.98, indicating it is relatively expensive compared to its earnings. This high valuation suggests that the stock is priced with significant growth expectations.
• EPS (Earnings Per Share): With an EPS of INR 467.02, Maruti Suzuki demonstrates robust earnings. However, the high PE ratio indicates that these earnings might already be factored into the stock’s current price.
• PB Ratio: The price-to-book ratio of 4.48 shows that the stock is trading at a considerable premium over its book value, which could be a sign of overvaluation and might lead to price corrections if market conditions change.

Market Performance and Trends

• Recent Performance:

1. 1 Week: It has decreased by -5.6%, indicating a recent downward trend.

2. 1 Month: A slight gain of 2.29%, reflecting resilience in the short term.

• Long-Term Performance:

1. 1 Year: The stock has risen by 30.0%, showing strong performance over the past year.

2. 3 Years: A significant return of 74.36%, indicating substantial growth.

3. 5 Years: An impressive return of 114.39%, highlighting consistent long-term growth.

Financial Stability and Growth

• Income Trends:

1. June 2024: Total income was INR 36,839.90 crore, a decrease of -7.10% from the previous quarter.

2. March 2024: The total income increased by 14.91% to INR 39,654.80 crore, showing a strong performance in that quarter.

3. December 2023: A decrease of -8.95% to INR 34,509.20 crore, indicating some volatility.

4. September 2023: The total income rose by 13.76% to INR 37,902.10 crore, reflecting growth.

5. June 2023: The income was INR 33,316.90 crore, a modest increase of 1.57%.

• Sectoral Position: Maruti Suzuki, with a market cap of INR 3,81,404 crore and a rank of 1 in its sector, is a leading player. Its large-cap status suggests relative stability, though significant market movements can affect its stock price.

Risk Assessment

• Dividend Yield: The dividend yield is 1.03%, which is modest. While this yield provides some income to investors, it might not be sufficient to attract those looking for higher returns from dividends.
• Beta: A beta of 1.57 indicates higher volatility compared to the market. This higher risk profile could attract short-sellers looking for potential price swings.
• 52-Week Range: The stock’s 52-week high and low are INR 13,680.00 and INR 9,254.15, respectively. Currently trading below its highs, the stock may face resistance in reaching previous peaks, especially if market sentiment turns negative.

Current Price

52 Week High and Low

Dividend Yield

Valuation Metrics

• PE Ratio: Polycab India has a PE ratio of 54.16, indicating it is highly valued relative to its earnings. This high valuation suggests that investors have high growth expectations for the company, making it potentially susceptible to corrections if those expectations are not met.
• EPS (Earnings Per Share): With an EPS of INR 118.42, Polycab demonstrates strong earnings. However, the high PE ratio implies that these earnings might already be factored into the stock’s price.
• PB Ratio: The price-to-book ratio of 11.78 indicates that the stock is trading at a significant premium over its book value, which can be a sign of overvaluation and may lead to price corrections.
• Dividend Yield: The dividend yield is 0.47%, which is relatively low. This might not attract income-focused investors who are looking for higher dividend returns.

Market Performance and Trends

• Recent Performance:

1. 1 Week: It has decreased by -2.41%, indicating a recent downward trend.

2. 1 Month: A slight gain of 0.88%, reflecting stability over the short term.

3. 3 Months: A substantial increase of 15.21%, indicating strong performance in the medium term.

• Long-Term Performance:

1. 1 Year: The stock has risen by 45.51%, showing strong performance over the past year.

2. 3 Years: A significant return of 269.49%, indicating substantial long-term growth.

3. 5 Years: An impressive return of 1079.94%, highlighting exceptional long-term growth.

Financial Stability and Growth

• Income Trends:

1. June 2024: Total income was INR 4,756.44 crore, a decrease of -15.75% from the previous quarter.

2. March 2024: The total income increased by 27.98% to INR 5,645.73 crore, showing strong performance in that quarter.

3. December 2023: A slight growth of 3.73% to INR 4,411.46 crore.

4. September 2023: The total income rose by 7.58% to INR 4,253.02 crore.

5. June 2023: The income was INR 3,953.38 crore, a decrease of -9.64%.

• Sectoral Position: Polycab, with a market cap of INR 96,420.97 crore and a rank of 2 in its sector, is a leading player. Its large-cap status suggests relative stability, though significant market movements can affect its stock price.

Risk Assessment

• Beta: A beta of 0.98 indicates that the stock’s volatility is close to the market average. This suggests that the stock might experience average market risk, neither providing extreme stability nor high volatility.
• 52-Week Range: The stock’s 52-week high and low are INR 7,331.45 and INR 3,801.00, respectively. Currently trading below its highs, the stock may face resistance in reaching previous peaks, especially if market sentiment turns negative.

Current Price

52 Week High and Low

Dividend Yield

Valuation Metrics

• PE Ratio: D P Wires has a PE ratio of 18.15, which indicates that it is reasonably valued compared to its earnings. This moderate valuation suggests that there is room for price movements based on earnings growth or market sentiment changes.
• EPS (Earnings Per Share): With an EPS of INR 23.43, the company demonstrates solid earnings. The PE ratio reflects a reasonable price in relation to these earnings, providing a balance between value and growth potential.
• PB Ratio: The price-to-book ratio of 2.99 shows that the stock is trading at a premium over its book value. This can indicate a healthy valuation, but investors should watch for signs of overvaluation.
• Dividend Yield: The dividend yield is 0.00%, which is not attractive to income-focused investors. This lack of dividend return might deter some investors, potentially affecting the stock price negatively in a downturn.

Market Performance and Trends

• Recent Performance:

1. 1 Day: The stock has increased by 0.29%, showing slight positive movement in the very short term.

2. 1 Week: It has decreased by -4.86%, indicating a recent downward trend.

3. 1 Month: A decline of -6.91%, reflecting negative sentiment over the past month.

4. 3 Months: The stock has fallen by -11.33%, indicating significant downward pressure over the medium term.

• Long-Term Performance:

1. 1 Year: The stock has declined by -13.96%, suggesting challenges in maintaining its price levels over the past year.

2. 3 Years: A return of 78.61%, indicating strong long-term performance despite recent downturns.

3. 5 Years: Not available, as the data is not provided.

Financial Stability and Growth

• Income Trends:

1. March 2024: Total income was INR 209.57 crore, a decrease of -17.78% from the previous quarter.

2. December 2023: The total income was INR 254.89 crore, a decrease of -7.81% from the previous quarter.

3. September 2023: The total income was INR 276.49 crore, a slight growth of 3.40%.

4. June 2023: The total income was INR 267.39 crore, a significant decrease of -31.30% from the previous quarter.

5. March 2023: The total income was INR 389.21 crore, an increase of 12.47%.

• Sectoral Position: With a market cap of INR 659.23 crore and a rank of 52 in its sector, D P Wires is a small to mid-sized player. Its position in the sector can lead to higher volatility compared to larger companies, making it a potential candidate for short-selling during downturns.

Risk Assessment

• Beta: A beta of 0.00 suggests that the stock has low volatility relative to the market. This lower risk profile could provide some stability, reducing the appeal for short-sellers looking for high-volatility stocks.
• 52-Week Range: The stock’s 52-week high and low are INR 681.45 and INR 416.05, respectively. Currently trading below its highs, the stock may face resistance in reaching previous peaks, especially if market sentiment remains negative.

Current Price

52 Week High and Low

Dividend Yield

Valuation Metrics

• PE Ratio: Datamatics Global has a PE ratio of 17.88, indicating it is relatively well-valued compared to its earnings. This lower valuation suggests that the stock might be a good buy if the company can sustain its earnings growth.
• EPS (Earnings Per Share): With an EPS of INR 31.62, Datamatics Global demonstrates strong earnings. The PE ratio reflects that the stock is reasonably priced relative to these earnings.
• PB Ratio: The price-to-book ratio of 2.65 indicates that the stock is trading at a moderate premium over its book value. This suggests a fair valuation and potential room for growth.
• Dividend Yield: The dividend yield is 0.88%, which provides a modest return to income-focused investors. This yield can attract investors looking for regular income, potentially supporting the stock price.

Market Performance and Trends

• Recent Performance:

1. 1 Week: It has decreased by -12.92%, indicating a sharp recent downward trend.

2. 1 Month: A decline of -16.2%, reflecting negative sentiment over the past month.

3. 3 Months: The stock has shown a slight positive return of 1.21%, indicating some resilience in the medium term.

• Long-Term Performance:

1. 1 Year: The stock has increased by 3.65%, suggesting modest growth over the past year.

2. 3 Years: A significant return of 105.43%, highlighting strong long-term performance.

3. 5 Years: An impressive return of 666.22%, indicating substantial long-term growth.

Financial Stability and Growth

• Income Trends:

1. June 2024: Total income was INR 407.84 crore, a decrease of -4.84% from the previous quarter.

2. March 2024: The total income was INR 428.59 crore, an increase of 12.81% from the previous quarter.

3. December 2023: The total income was INR 379.91 crore, a slight decrease of -1.63%.

4. September 2023: The total income was INR 386.22 crore, a decrease of -3.49%.

5. June 2023: The total income was INR 400.20 crore, a decrease of -5.07%.

• Sectoral Position: With a market cap of INR 3,335.20 crore and a rank of 30 in its sector, Datamatics Global is a mid-sized player. Its mid-cap status can lead to higher volatility compared to larger companies, making it a potential candidate for both growth and short-selling during downturns.

Risk Assessment

• Beta: A beta of 1.16 indicates moderate volatility relative to the market. This level of risk can attract short-sellers looking for stocks that may experience more significant price fluctuations.
• 52-Week Range: The stock’s 52-week high and low are INR 791.50 and INR 450.00, respectively. Currently trading below its highs, the stock may face resistance in reaching previous peaks, especially if market sentiment remains negative.

Current Price

52 Week High and Low

Dividend Yield

Valuation Metrics

• PE Ratio: Control Print has a PE ratio of 24.14, indicating it is moderately priced compared to its earnings. This valuation suggests that the stock is neither overvalued or undervalued relative to its earnings potential.
• EPS (Earnings Per Share): With an EPS of INR 34.08, Control Print demonstrates solid earnings. The PE ratio reflects that the stock is reasonably priced relative to these earnings.
• PB Ratio: The price-to-book ratio of 3.95 indicates that the stock is trading at a premium over its book value. This can be a sign of investor confidence but also suggests that the stock may be slightly overvalued.
• Dividend Yield: The dividend yield is 1.09%, which provides a moderate return to income-focused investors. This yield can attract investors looking for regular income, potentially supporting the stock price.

Market Performance and Trends

• Recent Performance:

1. 1 Week: It has decreased by -1.23%, indicating a minor recent downward trend.

2. 1 Month: A decline of -1.35%, reflecting negative sentiment over the past month.

3. 3 Months: The stock has shown a decrease of -8.65%, indicating some vulnerability in the medium term.

• Long-Term Performance:

1. 1 Year: The stock has increased by 18.73%, suggesting solid growth over the past year.

2. 3 Years: A significant return of 136.0%, highlighting strong long-term performance.

3. 5 Years: An impressive return of 266.88%, indicating substantial long-term growth.

Financial Stability and Growth

• Income Trends:

1. March 2024: Total income was INR 101.49 crore, an increase of 14.04% from the previous quarter.

2. December 2023: The total income was INR 88.99 crore, a slight growth of 1.58% from the previous quarter.

3. September 2023: The total income was INR 87.60 crore, an increase of 3.06%.

4. June 2023: The total income was INR 85.00 crore, a decrease of -5.73%.

5. March 2023: The total income was INR 90.17 crore, an increase of 14.09%.

• Sectoral Position: With a market cap of INR 1,315.68 crore and a rank of 3 in its sector, Control Print is a significant player in its industry. Its mid-cap status can lead to higher volatility compared to larger companies, making it a potential candidate for both growth and short-selling during downturns.

Risk Assessment

• Beta: A beta of 0.24 indicates low volatility relative to the market. This lower risk profile could provide some stability, reducing the appeal for short-sellers looking for high-volatility stocks.
• 52-Week Range: The stock’s 52-week high and low are INR 1,080.00 and INR 694.00, respectively. Currently trading below its highs, the stock may face resistance in reaching previous peaks, especially if market sentiment turns negative.