Short Term Stocks to Watch in 2024

  • 24 Mar 2024
  • Read 18 mins read

Short-term stocks, which are shares of companies with strong financial foundations but not yet catching up with market growth, can generate high returns on investment in a short period. To find top short-term stocks for your 2024 investment portfolio, research companies with stable revenue growth, healthy profit margins, low debt levels, and a strong competitive position. Consider stocks with upcoming positive catalysts and practice effective risk management by diversifying your portfolio. Below are some of the best short-term stocks to watch in 2024, you can do more research & analyse them accordingly. 

List of Best Short Term Stocks 

Below are some of the best short term investments in 2024 in the Indian stock market. 

Name of the Stock1-year Return (%)PE Ratio
Mazagon Dock Shipbuilders194.3841.04
Engineers India Ltd172.3836.06
Jyothy Labs Ltd161.0481.28
Hindustan Aeronautics Ltd129.0033.17
Bls International Services Ltd110.8177.32
Bharat Electronics Ltd84.2445.83
KSB Ltd78.2161.25
ABB India Ltd61.8499.48
Hero MotoCorp Ltd60.1731.61
Natco Pharma Ltd56.6121.04

Disclaimer: All the net profits, and P/E ratios mentioned above are as of March 5, 2024. However, it's important to conduct thorough research before making any investment decisions in these stocks.


Companies for Short-Term Investments: Overview 

Below are the best stocks to invest in today in India for the short term. However, Conduct thorough research before making any investment choice today in India with strong performance metrics and promising growth prospects for short-term stock market investments, enhancing your investment portfolio and capitalizing on market opportunities. 

  1. Mazagon Dock Shipbuilders

    Operating under the Ministry of Defence in India, Mazagon Dock Shipbuilders is a prominent public sector enterprise in the country's defense shipbuilding industry. Building and maintaining ships, submarines, and related engineering items is their primary focus. Mazagon Dock Shipbuilders exhibits strong performance and growth potential in the near future, as seen by its impressive 194.38% 1-year return and 41.04 PE ratio.
  2. Engineers India Ltd

    Pioneering in engineering consultation and EPC services, Engineers India Ltd. (EIL) was founded in 1965 and mainly serves the petrochemical and oil & gas sectors. EIL is a great short-term investment opportunity due to its outstanding market performance and sound fundamentals, as seen by its impressive 1-year return of 172.38% and PE ratio of 36.06.
  3. Jyothy Labs Ltd

    Ever since its establishment in 1992, Jyothy Laboratories Ltd. has played an important part in the Indian household products sector. They also offer dry cleaning and laundry services, providing a wide choice of options for daily needs. As seen by its noteworthy 161.04% one-year return and 81.28 PE ratio, Jyothy Labs Ltd has both short-term stability and great growth potential.
  4. Hindustan Aeronautics Ltd

    It is a government-owned corporation that manufactures aviation technologies. Along with international customers, it supports the production of fighter planes, helicopters, and other aviation equipment for the Indian Air Force, Navy, Army, etc. Hindustan Aeronautics Ltd. has demonstrated strong performance and consistency, making it a great short-term investment prospect, as seen by its impressive 1-year return of 129.00% and PE ratio of 33.17.
  5. Bls International Services:

    It is a specialized supplier of outsourced passport, visa, and attestation services to governments worldwide. Bls International Services Ltd. has a notable 1-year return of 110.81% and a PE ratio of 77.32, indicating both outstanding market performance and the possibility of short-term development.
  6. Indian Electronics Ltd:

    Bharat Electronics Ltd. provides a wide range of goods and systems essential for national security, making it a major contribution to India's military industry. The firm has a PE ratio of 45.83 and a 1-year return of 84.24%, which indicates consistent growth and a solid market position.
  7. KSB Corporation:

    KSB Ltd. is important to many industries as a producer of valves, compressors, and pumps. The firm has a 61.25 PE ratio and a 1-year return of 78.21%, which indicates that it has great growth potential.
  8. ABB India Pvt:

    Power and automation technology are two areas in which ABB India Ltd excels. The firm has demonstrated its ability to develop and produce cutting-edge solutions for energy saving and industrial automation, as seen by its 6-1.84% one-year return and reasonably high PE ratio of 99.48.

These companies are attractive for short-term investments due to their strong fundamentals and market resilience, but thorough research and consideration of various factors are crucial before making decisions.

Top 100 Stocks Companies: Overview

Check out the below tables presenting Short-Term Stocks categorized by Market Capitalization, EBITDA Margin, Interest Coverage Ratio, and Quick Ratio, along with their 1-year Return (%) numbers.

List of Best Short-Term Stocks by Market Capitalisation

Market capitalisation determines a company's size, with higher market caps indicating access to equity capital and debt using equity as collateral.

Name of the Stock1 Year Return (%)Market Cap (in ₹)
Hindustan Aeronautics Ltd134.982,00,592.37
Siemens Ltd41.481,47,448.03
Bharat Electronics Ltd95.791,35,888.79
ABB India Ltd64.5298,995.12
Hero MotoCorp Ltd67.2592,378.85

Disclaimer: All the net profits, and P/E ratios mentioned above are as of March 5,2024. However, it's important to conduct thorough research before making any investment decisions in these stocks.

List of Best Short-Term Stocks by Ebitda Margin

The EBITDA Margin is a crucial tool for evaluating a company's level of profitability.

Name of the Stock1 Year Return (%)EBITDA Margin (%)
Concord Biotech Ltd54.4243.33
Natco Pharma Ltd62.4237.00
Hindustan Aeronautics Ltd134.9829.23
Bharat Electronics Ltd95.7924.26

Disclaimer: All the net profits, and P/E ratios mentioned above are as of March 5,2024. However, it's important to conduct thorough research before making any investment decisions in these stocks.

List of Best Short-Term Stocks by Interest Coverage Ratio

The Interest Coverage Ratio indicates a company's financial health in relation to the amount of interest payments it must cover.

Name of the Stock1 Year Return (%)Interest Coverage Ratio
Bharat Electronics Ltd95.79209.33
Mazagon Dock Shipbuilders Ltd188.81153.80
Engineers India Ltd167.10149.01
Siemens Ltd41.48116.78
Mahanagar Gas Ltd67.35113.41

Disclaimer: All the net profits, and P/E ratios mentioned above are as of March 5,2024. However, it's important to conduct thorough research before making any investment decisions in these stocks.

List of Best Short-Term Stocks by Quick Ratio

The Quick Ratio is a financial tool that assesses a company's financial stability, ensuring it has sufficient liquid assets to cover its liabilities.

Name of the Stock1 Year Return (%)Quick Ratio
Bls International Services Ltd129.455.68
Natco Pharma Ltd62.423.30
Concord Biotech Ltd54.422.69
Cera Sanitaryware Ltd56.702.27
Ingersoll-Rand (India) Ltd66.682.03

Disclaimer: All the net profits, and P/E ratios mentioned above are as of March 5,2024. However, it's important to conduct thorough research before making any investment decisions in these stocks.

How to Identify the Stocks Under 100 Rs

Finding shares priced under Rs 100 through the use of financial ratios and market indicators necessitates a thorough examination of the state of the market and the financial health of the firm. Consider the following important actions and financial ratios:

  • Stock Price: Seek stocks that are now trading for less than 100 rupees. The easiest criterion to apply to energy stocks under 100 is this one.
  • Earnings Per Share (EPS): Assess the business's earnings per share. Energy stocks under 100 should have a higher EPS, which means the business is making more money per outstanding share. A cheap stock (less than 100 rupees) with respectable earnings per share (EPS) can be a smart deal.
  • Cost-to-Profit Ratio (P/E) Ratio: The price-to-earnings (P/E) ratio evaluates the stock. Energy stocks under 100 may be cheap if the P/E ratio is lower. But it's crucial to take into account both the company's development forecasts and the industry average.
  • Dividend Per Share (DPS): Find the finest dividend-paying share under 100. A steady and fair dividend per share might encourage investors and bring in some money.
  • Net Profit Margin: Determine the net profit margin by dividing the net profit by the revenue. A larger net profit margin is a sign of effective cost control and profit generation for the business.
  • Debt-to-Equity Ratio: A lower ratio indicates that the company's debt load is smaller than its equity. Businesses with smaller debt loads might be seen as less hazardous.
  • Current Ratio: A company's assets over liabilities, or a current ratio above 1, is an indication of strong liquidity and financial health.

Factors to Consider Before Investing in the Best Short Term Stocks

Below are a few factors to consider before investing in short term stocks. 

  • Investing in Value Stocks: You don't need a lot of money to start investing in value stocks. Even if you don't have much money right now, taking a long-term view of the stock market and being patient can make a big difference in your financial situation over time.
  • Benefits of Compound Growth: Compound growth is great because it can slowly turn a small amount of money into a big sum over time. When you invest in value stocks, you can keep your money growing by holding onto the returns you earn from them.
  • Safe Investing Strategy: With a low-risk approach, you can build up your savings over the long term by buying and holding onto good stocks that cost less than 100. Value investments can help expand your investment portfolio because they tend to have less risk and volatility.

Advantages & Disadvantages of Short-Term Investments 

Investing in short-term investments can offer several advantages and drawbacks worth considering.

Advantages of Investing in short-term investments

  1. Lower Initial Investment Requirement: These stocks allow investors to enter the market with a smaller initial investment, making them accessible, especially for new investors with limited capital.
  2. Potential for Higher Returns: While perceived as riskier due to their smaller market capitalization, these stocks can offer higher potential returns. Smaller companies often have more room for growth, potentially leading to rapid stock price appreciation if successful.
  3. Diversification Potential: Investing in a variety of stocks under Rs. 100 from different sectors and industries can provide diversification benefits. Diversifying investments helps manage risk by spreading them across various stocks and asset classes.

Risks of Investing in Short term investments

  1. Liquidity Issues: Stocks priced under Rs. 100 may have lower trading volumes and less liquidity than higher-priced stocks. This could make it challenging for investors to sell their shares quickly if needed.
  2. Scams and Fraudulent Activity: Some companies may engage in fraudulent activities to artificially inflate their stock prices. If such fraud is uncovered, investors risk losing their entire investment.

Investors should weigh these factors carefully before investing in stocks under rs 100 to make informed decisions aligning with their financial goals and risk tolerance.

How to Invest in Short-Term Stocks?

Investing in short-term stocks can offer promising prospects for retail investors in India, but it's essential to approach these investments with caution and a focus on long-term goals. Firstly, conduct thorough research and analysis before investing in any stock, evaluating key financial metrics like earnings per share (EPS) and price-to-earnings ratios (P/E ratio) to assess the company's potential for growth.

Secondly, prioritise diversification and risk management by spreading your investment across various stocks from different industries and sectors. This strategy can help mitigate risks associated with market volatility. Additionally, consider implementing stop-loss orders to protect against significant declines in stock prices.

Retail investors in India can profit from investing in short-term stocks under Rs 100. By analyzing key financial metrics like EPS and P/E ratio, they can identify growth-potential stocks. Consider BlinkX, as a share market app, which provides a fast, user-friendly online trading experience with zero brokerage fees. Diversifying investments across sectors and implementing risk management strategies like stop-loss orders can mitigate market volatility. However, risks like liquidity issues and fraudulent activities should be considered. Informed decision-making and a long-term investment approach are crucial for effective short-term stock investments.

FAQs of Best Short-Term Stocks

Robust fundamentals, solid growth prospects, and a bullish market attitude are hallmarks of an excellent short-term investment stock.

A stock with favorable market circumstances and promising financial indicators is frequently a good choice for short-term investments.

It takes careful investigation, examination of financial data, and assessment of market patterns to select quality short-term stocks.

The period of short-term stock holdings varies, but usually spans from a few days to many months.

Short-term trading is legal and often used as long as it complies with market and regulatory requirements.