Best 10 Stocks to Buy Today India for Short-Term in 2024

Investing in the stock market has always been a lucrative option for those looking to grow their wealth over time. However, the key to successful investing lies in identifying the right stocks that align with your investment horizon and risk appetite.

In this article, we will discuss the 10 best shares to buy today for short-term in India, up to a period of 5 years. We will also delve into the future potential of each stock's sector, revenue growth, and reasons for investing, along with important financial metrics like market capitalization, earnings per share (EPS), and price-to-earnings (PE) ratio.

List of 10 Best Stocks to Buy Today for Short-Term

1. Reliance Industries Limited (RELIANCE)
2. HDFC Bank Limited (HDFCBANK)
3. Tata Consultancy Services Limited (TCS)
4. Kotak Mahindra Bank Limited (KOTAKBANK)
5. Maruti Suzuki India Limited (MARUTI)
6. ICICI Lombard General Insurance (ICICIGI)
7. Sun Pharmaceutical Industries Limited (SUNPHARMA)
8. Bajaj Finance Limited (BAJFINANCE)
9. LTIMindtree Ltd (LTIM)
10. Pidilite Industries Limited (PIDILITIND)

Top 10 Best Stocks to Buy Today for 3 Months

1. Reliance Industries Limited (RELIANCE)

Reliance Industries is a conglomerate with a strong presence in sectors such as energy, retail, and telecommunications. As a beginner, this stock offers diversification benefits due to its wide range of businesses. Its subsidiary, Jio, has disrupted the Indian telecom market and has huge growth potential. Reliance's expansion into e-commerce and digital services further adds to its appeal.

Stock Buying Levels: Entry at dips or during market corrections could be considered.

Technical Analysis: Reliance's stock has shown a pattern of steady growth with occasional corrections. Moving averages and Relative Strength Index (RSI) can help gauge the stock's trend and potential entry/exit points.

Financial Ratios:

Market Capitalization - Rs. 17,16,064 cr

Revenue Growth (5 years): Around - 19.66% CAGR

Net Income Growth (5 years): Approximately - 13.49% CAGR

2. HDFC Bank Limited (HDFCBANK)

HDFC Bank is a well-established bank in India known for its customer-centric approach and innovative digital services. The bank's extensive branch network and increasing digital transactions position it well for growth.

Stock Buying Levels: Consider entry during consolidation phases for potentially better prices.

Technical Analysis: HDFC Bank's stock typically follows an upward trajectory. Moving averages and RSI can help identify potential entry points during pullbacks.

Financial Ratios:

Market Capitalization - Rs. 12,35,074 cr

Revenue Growth (5 years): Around - 15.32% CAGR

Net Income Growth (5 years): Approximately - 19.98% CAGR

3. Tata Consultancy Services Limited (TCS)

TCS is a global IT services leader. Its reputation for excellence and diverse range of services make it a solid option for beginners. As businesses adopt more technology, TCS could benefit from increased demand for digital solutions.

Stock Buying Levels: Look for entry during periods of market consolidation.

Technical Analysis: TCS has generally shown upward momentum. Moving averages and RSI can assist in identifying potential entry opportunities.

Financial Ratios:

Market Capitalization - Rs. 12,59,482 cr

Revenue Growth (5 years): Around - 12.72% CAGR

Net Income Growth (5 years): Approximately - 10.61% CAGR

4. Kotak Mahindra Bank Limited (KOTAKBANK)

Kotak Mahindra Bank's innovative banking services and strategic expansion plans are appealing. The growth potential in India's financial sector adds to its attractiveness.

Stock Buying Levels: Consider entry after price retracements for potentially better risk-reward ratios.

Technical Analysis: Kotak Mahindra Bank's stock often displays upward movements. Moving averages and RSI can aid in spotting potential entry points.

Financial Ratios:

Market Capitalization - Rs. 3,58,423 cr

Revenue Growth (5 years): Around - 12.03% CAGR

Net Income Growth (5 years): Approximately - 19.24% CAGR

5. Maruti Suzuki India Limited (MARUTI)

Maruti Suzuki is a leading player in the Indian automobile sector. As a beginner, investing in a well-known brand with a diverse range of popular car models can be a reasonable choice.

Stock Buying Levels: Look for entry points during market corrections.

Technical Analysis: Maruti Suzuki's stock has shown growth over time. Moving averages and RSI can assist in identifying entry opportunities.

Financial Ratios:

Market Capitalization - Rs. 2,83,882 cr

Revenue Growth (5 years): Around - 9.18% CAGR

Net Income Growth (5 years): Approximately - 9.73% CAGR

6. ICICI Lombard General Insurance (ICICIGI)

ICICI Lombard is a prominent player in the insurance sector. The increasing awareness of insurance in India and its focus on digital distribution make it an interesting option for beginners.

Stock Buying Levels: Consider entry during market consolidations.

Technical Analysis: ICICI Lombard's stock may display upward trends. Moving averages and RSI can be used to identify potential entry points.

Financial Ratios:

Market Capitalization - Rs. 66,585 cr

Revenue Growth (5 years): Around - 17.95% CAGR

Net Profit Growth (5 years): Approximately - 16.25% CAGR

7. Sun Pharmaceutical Industries Limited (SUNPHARMA)

Sun Pharma is a significant pharmaceutical company with a diversified product portfolio. As a beginner, investing in the pharmaceutical sector's growth potential might be appealing.

Stock Buying Levels: Look for entry points during market corrections or consolidations.

Technical Analysis: Sun Pharma's stock tends to show fluctuations. Moving averages and RSI can help identify entry opportunities.

Financial Ratios:

Market Capitalization - Rs. 2,75,995 cr

Revenue Growth (5 years): Around - 10.27% CAGR

Net Profit Growth (5 years): Approximately - 43.44% CAGR

8. Bajaj Finance Limited (BAJFINANCE)

Bajaj Finance's innovative lending approach and increasing consumer financing demand could make it an attractive choice for beginners interested in the financial sector.

Stock Buying Levels: Consider entry after price retracements for potentially better risk-reward ratios.

Technical Analysis: Bajaj Finance's stock has shown upward momentum. Moving averages and RSI can assist in spotting potential entry points.

Financial Ratios:

Market Capitalisation: Rs. 4,32,297 cr

Revenue Growth (5 years): Around 27.64% CAGR

Net Profit Growth (5 years): Approximately 39.7% CAGR

9. LTIMindtree Ltd (LTIM)

Mindtree specializes in digital transformation services. Its reputation for quality and focus on technology makes it a potential option for those interested in the IT sector.

Stock Buying Levels: Look for entry during market consolidations.

Technical Analysis: Mindtree's stock may display upward trends. Moving averages and RSI can be used to identify potential entry points.

Financial Ratios:

Market Capitalisation: Rs. 1,51,092 cr

Revenue Growth (5 years): Around 38.39% CAGR

Net Profit Growth (5 years): Approximately 35.91% CAGR

10. Pidilite Industries Limited (PIDILITIND)

Pidilite Industries is a prominent player in the chemicals sector, known for brands like Fevicol. Its market presence in adhesives and sealants could be interesting for beginners.

Stock Buying Levels: Consider entry points during market corrections or consolidations.

Technical Analysis: Pidilite Industries' stock tends to show fluctuations. Moving averages and RSI can help identify entry opportunities.

Financial Ratios:

Market Capitalisation: Rs. 1,28,135 cr

Revenue Growth (5 years): Around 14.43% CAGR

Net Profit Growth (5 years): Approximately 6.07% CAGR

Please remember that these stock recommendations and technical analyses are for informational purposes only. Always perform your research and consider consulting a financial advisor before making any investment decisions. The stock market can be unpredictable, and it's essential to make informed choices based on your financial goals and risk tolerance.

Please keep in mind that past performance is not necessarily indicative of future results. While these growth rates can provide insights into the historical performance of these stocks, the stock market is subject to various economic, market, and company-specific factors that can influence future performance. Always perform thorough research and consider consulting with financial experts before making any investment decisions.

In this series of best stocks to buy today in India, we’ve earlier talked about the

Best 10 stocks for long term investment in India. Stay tuned with Choice for more updates on the Indian stock market.