Smallcaps that can give sharp returns in near term

MUMBAI: The S&P BSE Sensex was moving in a narrow range as traders stayed away from the markets ahead of RBI’s policy meet later this week. The inflation data suggests that the central bank may hike interest rates by 25 basis points.

At 03:00 p.m.; the 30-share index was at 20,676.86, down 38.72 points or 0.19 per cent. It touched a high of 20,764.52 and a low of 20,647.56 in trade today.

The S&P BSE Midcap Index was up 0.29 per cent and the S&P BSE Smallcap Index gained 0.42 per cent.

Following are short term trading recommendations from Ashwani Gujral, Fund Manager, ashwanigujral.com, which can give good returns in the short term:

Buy Electrosteel Casting with a stop loss of Rs 13 for target of Rs 19

Buy Peninsula Land with a stop loss of Rs 34 for target of Rs 46

Buy Den Networks with a stop loss of Rs 136 for target of Rs 174

Buy Dish TV with a stop loss of Rs 59 for target of Rs 68



Note: The stocks recommended should be held for a period of 2-3 sessions with strict stoploss. If they don’t move in the mentioned time-frame, traders are advised to book profits.

Disclaimer: The above recommendations are based on technical views and information given by the analyst. Please consult your financial advisor before taking any position in the stocks mentioned.