Domestic markets exhibited a mixed trend and ended with a negative bias last week. Analysts said the market is currently in a phase of consolidation due to premium valuations and a subdued outlook for Q2 results. In this setup, here are 4 stocks to buy in short term for up to 13% return.

Laurus Labs' stock, down over 10% from its 52-week high, shows signs of bottoming out. Analysts suggest a buying opportunity for short-term traders with a target above 500. The stock has reclaimed crucial moving averages and is supported by an upsloping trendline and reduced volume participation.

Wipro shares are anticipated to gain attention on Monday after the company announced its board will consider issuing bonus shares alongside its Q2 2024 financial results. Bonus shares, which are additional fully paid shares given to existing shareholders, aim to enhance stock liquidity and reduce share price, making them more accessible for investors without any extra cost.

Indian equity indices opened higher on Monday, with the Sensex gaining 315 points and Nifty50 rising 93 points as investors awaited domestic inflation data and earnings reports from Reliance Industries and HCL Tech. Wipro shares surged over 3% on news of a potential bonus share issue.

Avenue Supermarts' DMart shares dropped 9.3% as its Q2 profit growth of 8% missed expectations. Concerns over the impact of quick commerce on store productivity and rising costs led brokerages like JPMorgan and Morgan Stanley to downgrade their ratings and reduce target prices, reflecting competitive pressures from online grocery platforms.

Five out of six mega IPOs have resulted in wealth destruction, with examples like LIC and Paytm listing at losses. Despite positive broker ratings for Hyundai's record-breaking IPO, history shows large IPOs often correlate with market peaks and subsequent investor losses.

Wipro might issue bonus shares for the 14th time, the highest among Nifty companies, during its board meeting for second quarter results. Historically, the IT services company has frequently rewarded shareholders with bonuses, aimed at improving stock liquidity and affordability, unlike peers Infosys and TCS.

On October 11, Nifty500 pack rallied over 2% relative to the VWAP (Volume Weighted Average Price), and a shift above the VWAP suggests a potential bullish trend, according to stockedge.com's technical scan data.When the closing price rises above the VWAP, it signifies that the closing price is higher than the average price at which it was traded throughout the day, with the average being weighted by trading volume. This occurrence is often interpreted as a potential bullish signal by traders and investors. Potentially indicating positive sentiment in the market.

The Indian market might open higher but may lose momentum amidst mixed global cues. Nifty is expected to trade within a broad range of 24,500 to 25,500 zones. Specific stock recommendations for short-term trades include Samvardhana Motherson, Exide Industries, Dixon Technologies, Hindalco, L&T, and Tata Chemicals.

PNC Infratech shares are expected to remain in the spotlight on Monday after receiving an order worth Rs 2,039.61 crore from CIDCO. The company received the work order for the integrated infrastructure development of roads, construction of various major and minor structures, and allied electrical works under the NAINA Project, with a completion period of 1,460 days.

Hindustan Aeronautics Limited (HAL) has been upgraded to Maharatna status by Finance Minister Nirmala Sitharaman. This designation allows HAL greater operational and financial autonomy, enabling investments of up to 15% of its net worth and Rs 5,000 crore in foreign ventures without government approval, enhancing its strategic capabilities.

Brokerage firms have varying ratings for DMart, with JPMorgan and Nuvama at Neutral and Hold, respectively, while Citi rates Just Dial as Sell. JPMorgan has initiated coverage on L&T with an Overweight rating. Key factors include LFL moderation for Avenue Supermarts, challenges from online competition, and L&T's strong positioning in the capex cycle, indicating growth potential.

Ashoka Buildcon shares are expected to attract attention on Monday following the receipt of Letters of Acceptance for two projects from the Maharashtra State Road Development Corporation. The first project, valued at Rs 310 crore, involves EPC work for a major bridge across Bankot Creek on the Revas Reddi Coastal Highway No. 5 in Ratnagiri District, to be completed within 36 months, including monsoon periods.

Shares of Network18 Media & Investments are expected to gain attention on Monday after the company reported a consolidated loss of Rs 221 crore for the September quarter, up from Rs 83 crore in the same period last year. The company also noted that TV advertising was low, impacting overall revenues.

Reliance Industries will reveal its July-September 2024 quarterly results today, with expected declines in net profit by 10% year-on-year and net sales by 0.6%. The oil-to-chemicals segment is anticipated to underperform, while consumer businesses and Jio Platforms likely show resilience.

HCL Tech's Q2 FY25 results are to be announced, with revenue growth expected between 7-9% YoY. Broking firms predict revenue figures between Rs 26,672 crore and Rs 28,710 crore. Net profit estimates range from Rs 3,832 crore to Rs 4,097 crore, showing 4.9% to 15% growth.

In the NSE list of stocks, four stocks with a market cap of over Rs 10,000 crore , close prices crossed above their 200 DMA (Daily Moving Averages) on October 11, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:

Shares of Avenue Supermarts may remain in focus as DMart's Q2FY25 earnings show an 8% year-on-year increase in standalone net profit to Rs 710.37 crore. However, profit fell over 12% compared to the previous quarter. Revenue rose 14% year-on-year. Consolidated profit rose 5.6% year-on-year. The company added six stores in Q2FY25.

Nine stocks including Chambal Fertilizers, GNFC, and Hindustan Copper are under the F&O trade ban on Monday. Bandhan Bank, Birlasoft, and Tata Chemicals have exited the ban list. Stocks enter the ban when their open interest crosses 95% of the market-wide position limits and exit once it falls below 80%.

“Tata Power has been trading steadily since Feb 2021, after ending multi-year corrective phase. Traders can buy for a target of Rs 530 in the next 2-4 months,” Ajit Mishra – SVP, Research, Religare Broking Ltd, said.

Additionally, investors will closely track updates on geopolitical tensions, particularly their impact on crude oil prices, and foreign fund flows.

The Australian and New Zealand dollars slipped against the greenback in early trading on Monday, while China’s yuan also weakened. US stock futures edged lower, while the MSCI Asia-Pacific share index eked out a gain.

The Australian and New Zealand dollars slipped against the greenback in early trading on Monday, while China’s yuan also weakened. US stock futures edged lower, while the MSCI Asia-Pacific share index eked out a gain.

The Board of Wipro will consider issuing bonus shares to investors along with its financial results for the quarter ended September 2024.

The benchmark S&P 500 is set to post its fifth straight weekly gain and is hovering near a fresh record high after rising over 21% this year.

Every sector has witnessed a re-rating on the market in the last couple of years. But the underlying reasons are different. These reasons are important as they determine the longevity of the re-rated valuations. Re-rating could have been for two reasons: One, a government policy push that caused a clean-up and removal of headwinds. Or, two, the sector recovered due cyclical reasons. For PSU banks, which saw strong re-rating in the last one year, it was a mix of both reasons. While the government strengthened the regulatory system, the overall economic growth helped credit offtake. Now, after the rally, the question is: Should you sell, hold, or increase exposure? The answer lies in looking at two critical things.

The company's standalone revenues grew 14.2%-lower than the 18.4% revenue growth for the quarter to June. The Ebitda margin stood at 7.9%, lower than the 8.9% in the preceding quarter as well as 8.1% in the same quarter last year. The sales revenues per sq ft of retail business area dipped marginally from ₹8,648 in the June quarter to ₹8,582.

Hospitals in India introduce additional charges, such as disinfection fees and peak operation theatre charges, leading to a 20% rise in medical costs. Insurers struggle as previously bundled services are unbundled, causing unpredictability in healthcare expenses and potential increases in insurance premiums.

Bank margins may remain under pressure due to higher deposit costs. Loan growth trends will be monitored, especially in the unsecured retail segment. Analysts expect slower growth and higher credit costs for banks with more exposure to microfinance and unsecured loans. Earnings growth for private and PSU banks may vary between 4.1% and 17.2% year-on-year.

The RBI may shift to a new benchmark for interest rate derivatives, the secured overnight rupee rate (SORR). Market participants suggest launching a new trading platform similar to ASTROID. The transition could bring more participants into the market, offering tools like T-bill swaps and basis swaps. The goal is to reduce volatility and improve market confidence.

​​After the drop, these stocks can potentially deliver 20% to 50% returns based on the average target prices set by analysts. For example, microfinance firm CreditAccess Grameen has declined 16% in the last three months.

As both indices have reached near monthly support levels, along with current oversold positions, traders can expect a bounce from the current level. Nifty may bounce toward the 25,250-25,500 level and Bank Nifty to 52,200-52,800 in the coming days.

In an exchange filing, the company stated that its board would discuss the proposal for issuing bonus shares in accordance with the applicable provisions of the Companies Act, 2013, during a meeting scheduled for October 16-17.

Short-term traders are advised to accumulate Tata Power stock due to its steady uptrend and trading above moving averages. The stock recently moved past a 5-month consolidation, but a technical bounceback is anticipated. Experts suggest a target of Rs 530 in the next 2-4 months.

Select stocks gain momentum even in volatile markets.

Wipro's Board plans to consider issuing bonus shares to investors during its October 16-17 meeting while revealing September 2024 quarter results. This move aims to boost stock liquidity and affordability. The bonus shares will be fully paid and retain the same rights as existing shares.

From being the top picks of a star portfolio manager, to the admission that he made a mistake with one of them – diagnostic stocks have been on a rollercoaster. Much sought-after at one time, to being shunned by everyone. But every sector that goes through such cycles in the short term tends to see a recovery. The question is: How long before the business again catches the attention of the street? In the last few months, these stocks have been quietly inching upward. It is an extremely competitive sector, but consolidation appears imminent. Also, it is a sector that will always see demand.

The combined market valuation of seven of the top-10 most valued firms eroded by Rs 1,22,107.11 crore last week, with Tata Consultancy Services and Reliance Industries emerging as the biggest laggards, in line with weak trend in equities. Last week, the BSE benchmark fell 307.09 points, or 0.37 per cent, to 81,381.36.

Indian benchmark indices ended Friday in the red, registering their third straight loss dragged by auto and bank stocks. While the S&P BSE Sensex settled at 81,381.36, down by 230.05 or 0.28%, the broader Nifty50 closed at 24,964.25, lower by 34.20 or 0.14%.The psychological support of 25,000 was breached on a closing basis for two consecutive days, which indicates that the weakness is likely to continue, Tejas Shah, Technical Research at JM Financial & BlinkX said. At the current juncture, the bears are in full control of the markets and are using every pull back rally to create short positions, he said. Support for Nifty is now seen at 24,920 and 24,750 while on the higher side, immediate resistance for the heart beat index is at 25,000-25,050 levels with the next resistance levels seen at 25,250-275, this analyst said.Here are 5 stock recommendations for Monday:

The Indian market’s journey from its humble beginning in 1986 has been nothing short of spectacular. It took over two decades for the Sensex to reach the 10,000 mark in 2006 and just another year to double in 2007. The S&P BSE Sensex surpassed 20K in December 2007.

Indian market closed in the red on Friday as traders preferred to book profits at higher levels. The S&P BSE Sensex fell more than 200 points while the Nifty50 closed below 25,000.

Despite the recent correction phase – though largely limited to select large-caps – we are still in a market where companies near bankruptcy are quoting at half billion market cap. Even at this point, finding stocks which have value is not easy – with the choice being between fairly priced and overpriced. Given prevailing sentiments, investors seem prone to buying a stock first and then looking at what business it is in. So it is important to go back to some of the basic principles of investing. Have more checks and balances before you buy a stock. And be clear about why you are buying the stock at this point. In short: As you stay bullish, be cautious – and selective.

Foreign investors turned net sellers in October, withdrawing shares worth Rs 58,711 crore in the month so far owing to escalating conflict between Israel and Iran, a sharp rise in crude oil prices, and the strong performance of the Chinese market. The outflow came following a nine-month high investment of Rs 57,724 crore in September.

In the week ending October 11, the benchmark index Sensex, experienced a weekly decline of about 0.38%. Despite this slight downturn in the markets, 10 penny stocks saw gains ranging from 15% to 70% during the same timeframe. Our selection criteria focused on stocks with a market capitalization below Rs 1000 crore, a share price under Rs 20, and a last trading volume exceeding 5 lakh shares.(Data Source: ACE Equity)

The psychological support of 25,000 was breached on a closing basis for two consecutive days, which indicates that the weakness is likely to continue, Tejas Shah, Technical Research at JM Financial & BlinkX said. At the current juncture, the bears are in full control of the markets and are using every pullback rally to create short positions, he said.

The psychological support of 25,000 was breached on a closing basis for two consecutive days, which indicates that the weakness is likely to continue, Tejas Shah, Technical Research at JM Financial & BlinkX said. At the current juncture, the bears are in full control of the markets and are using every pullback rally to create short positions, he said.

The Indian stock market has evolved, especially with IPOs, which raise capital without adding debt. Regulatory changes like ASBA have streamlined IPO processes, enhancing liquidity and investor confidence. However, large IPOs can still impact market dynamics by shifting supply and demand post-listing.

Hi-Tech Pipes, a steel pipes manufacturer, successfully raised over Rs 500 crore through a Qualified Institutional Placement (QIP) that closed on October 11. The QIP was oversubscribed, receiving bids of over Rs 800 crore from both domestic and global institutional investors, including Motilal Oswal Fund and SBI General Insurance.

Indian equities have surged in recent years driven by strong macro environment, corporate earnings, and domestic equity inflows. However, geopolitical tensions, softening corporate earnings, and commodity pressures are creating short-term turbulence. Despite these challenges, India's medium-term growth narrative remains strong.

In July 2004, during the launch of TCS's IPO, Mr. Tata, despite heavy rains, personally visited SEBI's chairman to express gratitude for support and to honor TCS's first CEO, Mr. F C Kohli. His actions reflect his values of humility and recognition of contributions.