Looking for stocks to buy? HDFC Securities recommends largecap stocks for short-term; note down targets

PSU Stocks to Buy, IT Stocks to Buy, Largecap Stocks to Buy: Stock markets have given investors a fresh reason to cheer as BSE Sensex crossed 80,300 level for the first time in four months. Hopes of a new trade agreement between India and the US, strong corporate earnings, and positive global cues have further strengthened investor sentiment.

Amid this, domestic brokerage HDFC Securities has recommended several stocks for a short-term horizon spanning IT, defence, and home appliances sector scrips.

Here is the list of these stocks along with targets:

Sonata Software Share Price Target

IT company Sonata Software surged 7.13 per cent on Monday, April 28, with its stock price reaching Rs 362 on NSE. Analysts at the brokerage has advised buying this stock with a short-term target price of Rs 377 and a stop loss at Rs 340. They also suggests to add on dips around Rs 347.

According to the brokerage, the stock is forming a “higher high, higher low” pattern and is trading above key moving averages.

Recently, Sonata Software announced a five-year, $73 million contract with a leading American company in the technology, media, and telecom (TMT) sector.

Under this deal, the IT company will establish a dedicated AI-enabled modernisation engineering center in India, focusing on platform engineering, cloud transformation (Amazon Cloud), cybersecurity, enterprise systems (Salesforce, Workday), data services, and modern application development — all built on scalable engineering practices.

Midcap Stock to Buy: Whirlpool India Share Price Target

On Monday, the Whirlpool stock rose by 4.02 per cent, hitting an intraday high of Rs 1,223.95, and a low of Rs1,147.7, apiece on NSE. 

The brokerage has a ‘buy’ stance on Whirlpool India shares with a target price of Rs 1,249 and a stop loss at Rs 1,125. Analysts have recommended adding on dips near Rs 1,148.

According to the brokerage, the stock has shown a breakout on both daily and intraday charts and is trading above key moving averages.

PSU Defence Stock to Buy: BEL Share Price Target

Shares of major defence PSU Bharat Electronics Ltd (BEL) gained 2.59 per cent on Monday, reaching to Rs 305.30. 

HDFC Securities has recommended buying the PSU largecap stock for a short-term target price of Rs 323 with a stop loss at Rs 290. The brokerage suggests adding on dips around Rs 296.

According to the brokerage, the stock has shifted into an upside bounce after a phase of minor decline and sideways consolidation. Intraday and daily RSI indicators show positive signals, and the company’s overall bullish chart pattern points towards good opportunities for long trading positions.

Stock Market Update

Stock markets rose on Monday, recovering losses. BSE Sensex rose 1,005.84 points or 1.27 per cent to close at 80,218.37, while Nifty 50 rose 289.15 points or 1.20 per cent to close at 24,328.50.

(Disclaimer: The views/suggestions/recommendations expressed here in this article are solely by investment experts. Zee Business suggests its readers consult their investment advisers before making any financial decision.)