Religare Broking analyst Ajit Mishra has identified Hero MotoCorp, Power Finance Corporation (PFC), and Indian Hotels Company as short-term buy candidates, pointing to favorable technical configurations that suggest upward momentum over the next one to two weeks.
The recommendations come as the Nifty 50 benchmark traded in a volatile manner, ending marginally higher on Thursday amid mixed global cues.
Mishra’s latest picks diverge from his recent focus on sectors such as pharmaceuticals and capital goods.
In prior notes, the analyst had highlighted Biocon, Mahindra, and United Spirits, as well as Bharat Heavy Electricals (BHEL), Central Depository Services (CDSL), and Divi’s Laboratories, citing similar technical triggers.
The shift toward automotive, financial services, and hospitality reflects a broadening of short-term opportunities across different market segments.
The domestic market’s recent volatility has been influenced by broader geopolitical tensions, including shipping risks in the Strait of Hormuz and diplomatic developments involving Iran.