Shares to Purchase: After six straight weeks within the pink, the Indian inventory market lastly noticed a breather this week. With solely 4 buying and selling periods as a result of Independence Day vacation on Friday, the benchmark Sensex and Nifty indices managed to submit a modest restoration of round 1 per cent.
Market professional Vikas Sethi of Sethi Finmart believes this rebound will be the begin of a broader restoration — and has recognized three shares he believes are well-positioned for short-term positive aspects. His picks span the defence, housing finance, and infrastructure sectors — all backed by sturdy fundamentals and up to date triggers.
1. Azad Engineering Worth Goal
Present Worth: Rs 1,549.95
Goal: Rs 1,590
Cease Loss: Rs 1,520
Sethi’s prime decide is Azad Engineering, an organization that makes high-precision parts for the aerospace, defence, vitality, and oil & fuel industries. It provides main world names like GE, Honeywell, Mitsubishi Heavy Industries, and Siemens Power.
With 4 manufacturing items in Hyderabad and a rising order ebook, the corporate not too long ago posted a formidable June quarter — reporting Rs 29 crore in revenue, up from Rs 17 crore a 12 months in the past. It additionally boasts 37 per cent EBITDA margins, low debt, and a constantly increasing consumer base.
“It’s a top quality defence play with long-term potential and near-term upside,” says Sethi.
52-week vary: Rs 1,128.40 – Rs 1,928
Current motion: Up over 5 per cent in two weeks, however nonetheless down 15 per cent year-to-date.
2. Bajaj Housing Finance Worth Goal
Present Worth: Rs 112.65
Goal: Rs 125
Cease Loss: Rs 107
Subsequent on the listing is Bajaj Housing Finance, considered one of India’s largest housing finance corporations. It’s the second-largest in its class and ranks among the many prime 10 NBFCs when it comes to property.
Targeted primarily on residence loans, LAP, and developer financing, the corporate has constructed an AUM of Rs 1.2 lakh crore, working throughout 20 states and three union territories.
Its Q1 outcomes have been strong, with revenue rising to Rs 583 crore, up from Rs 483 crore a 12 months in the past. Importantly, its asset high quality is among the many greatest within the trade, with gross NPAs at 0.3 per cent and web NPAs at simply 0.13 per cent.
“Regardless of the current correction, the basics stay rock strong,” Sethi provides.
52-week vary: Rs 103 – Rs 188.45
Current motion: Down 11 per cent YTD, providing a attainable worth entry level.
3. GMR Airports Infrastructure Worth Goal
Present Worth: Rs 91
Goal: Rs 95
Cease Loss: Rs 88
Sethi additionally recommends GMR Airports, calling it a top quality infrastructure play with enhancing operational efficiency.
Regardless of a weak quarter, the corporate has halved its losses in comparison with final 12 months and not too long ago bagged a Rs 415.74 crore contract to develop a brand new cargo metropolis — a transfer that would function a optimistic set off.
The corporate’s airport operations are selecting up, and a current price hike approval will doubtless assist revenues within the coming quarters.
52-week vary: Rs 67.75 – Rs 98.20
Current motion: Up 15 per cent this 12 months, 29 per cent within the final six months.
What This Means for Traders
With markets exhibiting early indicators of stabilisation, consultants counsel it is a good time for stock-specific shopping for somewhat than broad-based bets. Sethi’s picks mirror sectors aligned with India’s long-term progress story — defence manufacturing, reasonably priced housing, and infrastructure improvement.
If the rebound continues, these counters might see short-term momentum, whereas additionally providing longer-term potential for buyers trying past the noise.
