3 days ago

Five Short-Term Stock Picks Amid Market and Macro Risks

Five Short-Term Stock Picks Amid Market and Macro Risks
Himadri Speciality, Borosil Renewables among 5 fundamental stock picks Ambareesh Baliga recommends buying for short term · livemint.com

The stock market has been under pressure because oil is expensive and investors worry that interest rates may rise.

Even so, expert Ambareesh Baliga believes some individual companies could perform well soon.

He recommended five stocks from the chemicals, solar, auto-components and home-services industries.

Himadri Speciality Chemical is expanding into battery and advanced carbon products.

Borosil Renewables is increasing its solar-glass production.

Endurance Technologies is developing products for electric vehicles.

Archean Chemical Industries and Urban Company are also expected by Baliga to grow.

These are forecasts, not guarantees, and wider market risks could still affect the stocks.

Key facts

Market backdrop
The Nifty is down more than 11% year-to-date amid crude-price and interest-rate concerns.
Himadri Speciality Chemical
Market price ₹678.75; target ₹840; potential upside 24%.
Borosil Renewables
Market price ₹455.15; target ₹580; potential upside 27%.
Endurance Technologies
Market price ₹2,645.90; target ₹3,420; potential upside 29%.
Archean Chemical Industries
Market price ₹482.55; target ₹660; potential upside 37%.
Urban Company
Market price ₹169; target ₹210; potential upside 24%.
Market risks
The article cites elevated oil prices, possible further United States Federal Reserve rate hikes, higher bond yields and the unresolved United States-Iran conflict.

Quotes

Ambareesh Baliga

SEBI-registered independent market expert recommending Himadri Speciality Chemical

“We expect demand to continue to exceed the production capacity, since dumping from China and Malaysia has been protected with anti-dumping and countervailing duties”
livemint.com
“The company has projected ₹30,000 crores of additional revenue from these expansions. FY28 expected EPS is ₹24”
livemint.com

Sources

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