Welcome to the dynamic world of Indian stock markets as we kickstart 2024! The start of the quarter often brings forth fresh perspectives and market dynamics, creating an environment ripe for tactical investments. This January presents a unique set of opportunities for those seeking short-term gains. In this article, we will check out some of the top short-term stocks in India, aiming to uncover potential gems that could spark your portfolio.
List of Best Short-Term Stocks in India 2024
The following are some of the top short-term stocks in 2024 in the Indian stock market:
| Name of the Stock | 1-year Return (%) | PE Ratio |
| Mazagon Dock Shipbuilders | 194.38 | 41.04 |
| Engineers India Ltd | 172.38 | 36.06 |
| Jyothy Labs Ltd | 161.04 | 81.28 |
| Hindustan Aeronautics Ltd | 129.00 | 33.17 |
| Bls International Services Ltd | 110.81 | 77.32 |
| Bharat Electronics Ltd | 84.24 | 45.83 |
| KSB Ltd | 78.21 | 61.25 |
| ABB India Ltd | 61.84 | 99.48 |
| Hero MotoCorp Ltd | 60.17 | 31.61 |
| Natco Pharma Ltd | 56.61 | 21.04 |
Methodology: The above stocks were filtered out of the list of stocks in the Nifty 500 based on:
- Return on Equity is more than 15
- Debt to Equity Ratio is less than 5
- 1-year historical revenue growth is more than 10%
- 1-year historical EPS growth is more than 10%
- 1-year return vs Nifty 50 being more than 5%.
The stocks have been ranked based on their 1-year CAGR. All data in the above table is taken as of January 8, 2024.
Note: The above methodology is simply an example of how to choose stocks to invest in the short term. You should do your own research to choose the metrics by which to assess a stock’s potential.
1. Mazagon Dock Shipbuilders
Operating under India’s Ministry of Defence, Mazagon Dock Shipbuilders stands tall as a leading public sector undertaking within the nation’s defence shipbuilding domain. Their core focus lies in the construction and repair of ships and submarines and supporting engineering products.
2. Engineers India Ltd
Established in 1965, Engineers India Ltd (EIL) stands as a leader in engineering consultancy and EPC services, primarily catering to the oil and gas and petrochemical industries. Owned and operated by the Government of India, EIL falls under the administrative control of the Ministry of Petroleum and Natural Gas (MoPNG).
3. Jyothy Labs Ltd
Since its inception in 1992, Jyothy Laboratories Ltd. has been a key contributor to the Indian household products industry. Initially known as Jyothi Laboratories Pvt., Ltd., the company has diversified its offerings to include fabric care, dishwashing solutions, mosquito repellents, personal care products, and household insecticides. Furthermore, they provide laundry and dry cleaning services, offering a comprehensive range of solutions for everyday needs.
4. Hindustan Aeronautics Ltd
It is an aviation technology manufacturing company owned by the Government of India. It helps manufacture fighter jets, helicopters and other aviation equipment for the Indian Air Force, Navy, Army, etc. along with foreign clients as well.
5. BLS International Services
The company is a specialist provider of outsourced services of Visa, Passport and Attestation to client governments across the world.
6. Bharat Electronics Ltd
Owned by the Ministry of Defense, the company is a multi-product, multi-technology, multi-unit conglomerate providing India’s armed forces with state-of-the-art products and systems such as Radars, Missile Systems, Communication and C4I systems, Electronic Warfare and Avionics, etc.
7. KSB Ltd
KSB Ltd is a Maharashtra-based company involved in the manufacturing of pumps, compressors, taps and valves.
8. ABB India Ltd
The company provides turnkey systems and services for the transmission and distribution of power grids and power plants. It also manufactures transformers, high and medium-voltage switchgear, circuit breakers, capacitors, and distribution relays.
9. Hero Motocorp Ltd
Hero MotoCorp Ltd is a leading manufacturer of motorcycles and scooters in terms of unit sales since 2001. Its journey began in 1984 as a joint venture between India’s Hero Cycles and Japan’s Honda, leveraging the best of both worlds. Today, it stands as a testament to innovation and customer-centricity, offering a diverse range of motorcycles, scooters, and their essential parts and accessories.
10. Natco Pharma Ltd
Since its inception in 1981, Natco Pharma Limited has emerged as a prominent player in the Indian pharmaceutical landscape. Their core mission lies in the meticulous development, manufacturing, and marketing of finished dosage formulations (FDFs) and active pharmaceutical ingredients (APIs). Notably, they have also ventured into the eco-friendly realm by producing biopesticide products.
However, there are other metrics by which we can assess short term stocks. Some of these examples are given below:
List of Best Short Term Stocks by Market Capitalisation
Market Capitalisation helps us determine the rough size of the company. A higher market cap means the company has access to both equity capital as well as debt that uses equity as collateral.
| Name of the Stock | 1 Year Return (in %) | Market Cap (in ₹) |
| Hindustan Aeronautics Ltd | 134.98 | 2,00,592.37 |
| Siemens Ltd | 41.48 | 1,47,448.03 |
| Bharat Electronics Ltd | 95.79 | 1,35,888.79 |
| ABB India Ltd | 64.52 | 98,995.12 |
| Hero MotoCorp Ltd | 67.25 | 92,378.85 |
The above table has data taken as of February 1, 2024.
List of Best Short Term Stocks by EBITDA Margin
EBITDA Margin helps us assess the level of profitability of a company.
| Name of the Stock | 1 year Return (in %) | EBITDA Margin (in %) |
| Concord Biotech Ltd | 54.42 | 43.33 |
| IRCTC | 53.50 | 38.60 |
| Natco Pharma Ltd | 62.42 | 37.00 |
| Hindustan Aeronautics Ltd | 134.98 | 29.23 |
| Bharat Electronics Ltd | 95.79 | 24.26 |
The above table has data taken as of February 1, 2024.
List of Best Short Term Stocks by Interest Coverage Ratio
Interest Coverage Ratio shows how well a company is earning compared to the amount of interest payments that it must pay off.
| Name of the Stock | 1 year Return (in %) | Interest Coverage Ratio |
| Bharat Electronics Ltd | 95.79 | 209.33 |
| Mazagon Dock Shipbuilders Ltd | 188.81 | 153.80 |
| Engineers India Ltd | 167.10 | 149.01 |
| Siemens Ltd | 41.48 | 116.78 |
| Mahanagar Gas Ltd | 67.35 | 113.41 |
The above table has data taken as of February 1, 2024.
List of Best Short Term Stocks by Quick Ratio
Quick Ratio helps in checking whether the company is financially sound and secure or not, i.e. whether it has enough liquid assets to pay off its liabilities.
| Name of the Stock | 1-year Return (in %) | Quick Ratio |
| Bls International Services Ltd | 129.45 | 5.68 |
| Natco Pharma Ltd | 62.42 | 3.30 |
| Concord Biotech Ltd | 54.42 | 2.69 |
| Cera Sanitaryware Ltd | 56.70 | 2.27 |
| Ingersoll-Rand (India) Ltd | 66.68 | 2.03 |
The above table has data taken as of February 1, 2024.
Final Words
Now that you have an idea of the top stocks to invest in the short term, check out the Angel One blog for further updates on the Indian stock market. If you are new to the stock market, open a free demat account with Angel One and start exploring the world of investing!
Disclaimer: This article has been written exclusively for educational purposes. The aforementioned stocks are only examples and not recommendations.
