3 Stocks Which Analysts Recommend For Quick Gains In 3-4 Weeks

As Indian benchmark indices similar to global markets are trading close to life time highs, concerned about high valuations, analysts suggest considering a stock and sector specific move instead of following the momentum blindly.

Here are some stock recommendations by analysts which can give good returns in the short term of 3-4 weeks:

1. L&T Technology Services- BUY Target Price: Rs 1,830, Stop Loss- 1650

Following short term price correction, the counter has established a double bottom formation and currently is consolidating in the range of Rs. 1650 -Rs.1740. The stock for some time now is finding support near 50-day SMA and as per charts if it continues to trade above these levels then upward momentum will likely persist in the short term, suggest Shrikant Chouhan, Executive Vice President, Equity Technical Research at Kotak Securities.

So, if the stock continuously trades above Rs. 1650 then a quick rally up to Rs. 1830 can be expected. Stop loss suggested at Rs 1,650. This is a gain of over 8% from the current price levels.

2. PVR - BUY Target Price: Rs 1,453

Before Covid this multiplex counter was among the outperforming midcap stocks. But Covid led mayhem, led the stock to crash from its all time high of Rs. 2086 to Rs. 705 on May 19, 2020. And while the counter has formed a structure of Descending Triangle', of late it saw a gap-up opening above the 200 SMA which can be taken for a breakaway gap and this gap now works as strong support. RSI has also surpassed the earlier high supporting the pre-emptive breakout.

And in view of all the above specified technical factors, Sameet Chavan, Chief Analyst, Technical and Derivatives, Angel Broking recommends a 'Buy' at current levels in the stock with a price target of Rs. 1453 in the next 14 trading session. This is an upside of 12 percent from last traded levels. The stop loss to be put is to be below Rs. 1211.

3. Titan-Buy Target Price- Rs. 1340

CapitalVia Global Research recommends a 'Buy' on the stock with a target price of Rs. 1340. The stock last closed at Rs. 1280.10. The company is looking to expand its retail outlets and in the first quarter of FY21 added as many as 45 store. Also, through new product launches and innovative campaigns, the company is engaging in all possible endeavors to boost demand.

And through sustained improvement in gaining market share, the jewelley and watch making company is seen advancing in the forthcoming quarters.

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