Welspun, Godfrey, GE Shipping; Buy 6 Stocks For 13% Returns In 15-30 Days; Axis Securities Recommends BUY

A total of six stocks have the potential to give between 7-13% returns in a shorter duration. The timeframe in question is between 15 days to 30 days. These stocks are recommended by brokerage Axis Securities. They are Godfrey Phillips, FACT, GE Shipping, CPCL, Rain Industries, and Welspun Enterprises.

Notably, Godfrey, FACT, CPCL, Rain Industries, and Welspun are expected to hit target prices set by Axis Securities in 5-15 days, while GE Shipping is expected to touch its target price in 30 days.

1. Godfrey Phillips:

Current Market Price: Rs 2,259

Entry Price Range: Rs 2,253-Rs 2,275

Stop Loss: Rs 2,222

Target Price: Rs 2,434

Potential Upside: 7.75%.

2. Fertilizers & Chemicals Travancore (FACT):

Current Market Price: Rs 886.80

Entry Price Range: Rs 867-875

Stop Loss: Rs 838

Target Price: 986

Potential Upside: 11.2%.

3. Chennai Petroleum Corporation Ltd (CPCL):

Current Market Price: Rs 799.30

Entry Price Range: Rs 794-804

Stop Loss: Rs 785

Target Price: Rs 878

Potential Upside: 9.85%.

4. Rain Industries:

Current Market Price: Rs 175.45

Entry Price Range: Rs 172.50-174.80

Stop Loss: Rs 170

Target Price: Rs 193

Potential Upside: 10%.

5. GE Shipping:

Current Market Price: Rs 1,007.65

Entry Price Range: Rs 985-1,006

Stop Loss: Rs 980

Target Price: Rs 1,135

Potential Upside: 12.63%.

6. Welspun Enterprises:

Current Market Price: Rs 332.50

Entry Price Range: Rs 333-338

Stop Loss: Rs 329

Target Price: Rs 374

Potential Upside: 12.5%.

Stock Market This Week:

On market performance, Santosh Meena, Head of Research, Swastika Investmart Ltd said, "The recent truncated trading week witnessed heightened market activity and volatility, culminating in a second consecutive week of losses, primarily driven by weakness in the banking sector. Profit booking affected several midcap and smallcap stocks, though certain sectors exhibited resilience."

While giving an outlook this week, Meena said, "The upcoming week is poised to be pivotal, marked by a series of significant events, with the budget taking center stage. However, the finance minister's indication of a modest, vote-on-account budget suggests a lack of extravagant announcements."

Also, Meena said, another critical event to watch is the outcome of the US Federal Reserve's policy meeting scheduled for January 31st, which could provide insights into the potential timing of interest rate cuts. Concurrently, ongoing Q3 earnings releases are contributing to substantial stock price movements, with numerous companies slated to announce their results in the upcoming week.

Further, the analyst said, foreign institutional investor activity remains a focal point, given their substantial net sales exceeding Rs. 35,000 crore in the Indian equity market this month. Beyond domestic factors, the market will be influenced by the global landscape, including geopolitical developments and movements in US bond yields, the dollar index, and crude oil prices.

Last week, on January 25, Sensex closed at 70,700.67, down by 0.51%, while Nifty ended at 21,352.60, lower by 101.35 points or 0.47%.

Amidst such a scenario in the market, these six stocks look like favourable bets for the short term.

Disclaimer: The recommendations made above are by market analysts and are not advised by either the author nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.