Wait for Lok Sabha election 2024 outcome to keep market volatile; experts recommend buying these 6 stocks for short-term

From Hindustan Times: 2024-05-29 02:16:55

Nervousness related to Lok Sabha elections continues to impact Indian stock market, as benchmarks fell nearly 1% on May 29. Experts predict volatility until election outcome on June 4. Volatility index India VIX up 90% in May. Experts recommend buying quality stocks on dips for potential double-digit returns in 1-3 months.

Experts recommend buying Exide Industries, Mphasis, and Rashtriya Chemicals and Fertilizers for potential upside of 15-26%. Technical analyst also suggests buying ECS and ITC stocks with potential upside of 14-17%. HDFC Bank stock poised for 15% upside. Overall, market remains volatile with opportunities across sectors for investors.



Read more at Hindustan Times: Wait for Lok Sabha election 2024 outcome to keep market volatile; experts recommend buying these 6 stocks for short-term