Smallcaps that can give sharp returns in near term

MUMBAI: The S&P BSE was on a firm footing, led by gains in oil & gas, realty, banks and power stocks as tensions tapered after the RBI policy review and US Fed meet.

At 02:30 p.m.; the 30-share index was at 20,945.21, up 236.59 points or 1.14 per cent. It touched a high of 20,956.82 and a low of 20,745.94 in trade today.

The S&P BSE Midcap Index was up 1.50 per cent and the S&P BSE Smallcap Index gained 1.06 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 NIIT with a stop loss of Rs 24 for target of Rs 33

Buy Indraprastha Medical with a stop loss of Rs 35 for target of Rs 42

Buy NCC with a stop loss of Rs 28 for target of Rs 35

Buy Aptech with a stop loss of Rs 75 for target of Rs 81

Buy Ingersoll Rand with a stop loss of Rs 395 for target of Rs 440

Buy Prime Focus with a stop loss of Rs 26 for target of Rs 34

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.