Best stocks to buy in India for short term 2021 October
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Best Stocks to Buy in India for short term 2021 October: Indian stock markets corrected around 2 percent due to global weakness and FIIs outflow, during the week ended 1st Oct. The domestic markets may see some correction in the coming days but overall from the medium to long term perspective, the domestic market is looking positive. We have analyzed three stocks for the month of October, short term investors can buy these stocks on dips and earn a good return.
Best 3 Stocks to buy in India for short term in October 2021
Astral Ltd
Astral Poly Technik Ltd is the best stock to Buy in India for the short term 2021 October. The company is engaged in the manufacturing of CPVC plumbing systems for both residential and industrial applications, and also ASTM solvent weld lead-free PVC plumbing systems. The Company offers a wide range of products across piping and adhesives categories to meet the overall needs of the real estate sector and millions of Indian households.
The share price of Astral Ltd closed at Rs 2199.80 on 1st October 2021. The scrip is trading near its 52-week high at Rs 2294, it has touched a 52-Week low at Rs 807.7. On a monthly basis, the share price of Astral Ltd has given a return of 4.2 percent and 8.7 percent on a quarterly basis.
Technically, the stock is strong, its RSI is 56.4, not in an oversold zone. MACD is 23.8 and the MACD Signal line is 15.6. The MACD is above the Signal line indicates the stock is bullish. Currently, the Astral share price is trading all available moving averages ( SMA/EMA’s).
Our Stock Recommendation: As per our analysis on various parameters, one can buy the stock at CMP or on dips around Rs 2140. For the short-term target of Rs 2313- 2430 with a stop loss of Rs 2060.
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Green Panel Industries Ltd
Our next best stocks to buy in India for short term 2021 October is Green Panel Industries Ltd from the Miscellaneous sector. It is India’s largest manufactures of wood panels. It has manufacturing plants at Uttrakhand and Andhra Pradesh that make top quality Medium Density Fiberboard (MDF), Plywood, Veneers, Wooden floor, and Doors.
The share price of Green Panel is closed at Rs 325.10 at the upper circuit on 1st October 2021. It is trading at a 52-week high and touched at a 52-week low at Rs 44, it has given a return of more than 500% in one year. On a monthly basis, last month it has given a return of 27%
The RSI of the scrip is at 69.9, not yet touched the oversold zone. The MACD and MACD Signal lines are almost at the same point. The scrip is trading above all available moving averages (SMA/EMA’s)
Our Stock Recommendations: Last month, we had recommended the stock at Rs 278 on our Youtube Channel for the target of Rs 330. The target is almost achieved. We feel the steam is still left and one can buy the stock on dips around Rs 309 levels. For the short-term target of Rs 360-374 with a stop loss of 290. One can also hold the stock for a long term view for the target of Rs 455
Sagar Cements Ltd
Sagar Cements is a prominent player in the cement sector in Andhra Pradesh for over 3 decades. Its an ISO 9001:2015, ISO 14001:2015, and OHSAS 18001:2007 certified Company. It manufactures various varieties of cement like Ordinary Portland Cement (OPC) of 53 grade, 43 grade, Portland Pozzolana Cement (PPC), and Sulphate Resistant Cement (SRC) to suit different needs of customers.
The share price of Sagar Cement closed at Rs 288.15 as of 1st October 2021. It has touched a 52-week high at Rs 317 and a low of Rs 102. On a monthly basis, it gained 4 percent while on a quarterly basis it jumped 30 percent.
Technically, the share price of Sagar Cement is strong, the RSI of the scrip is 54.0, which indicates not in the overbought zone. The MACD is at 4.6 and the MACD Signal line is at 2.72. MACD is above the signal line is a bullish indication. The scrip is also trading above all available SMA’s.
Our Stock Recommendations– As per our analysis, Sagar Cement is the best stock to buy in India for the short term in October 2021. You can buy the stock at CMP or on dips near Rs 260. For the short term target of Rs 350-390 with a stop loss of Rs 230
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