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Amid market volatility, experts suggest four stocks for potential short-term gains. Bharti Hexacom shows buying interest with a target of Rs 1,580. MedPlus Health exhibits a bullish trend, aiming for Rs 875. NTPC displays a trend reversal pattern, targeting Rs 430 and Rs 480. Kaynes Technology indicates a breakout, potentially reaching Rs 6,150-6,800. These recommendations are based on technical analysis.
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The recent market drawdown may have already factored in some but not all potential earnings cuts, especially in globally exposed sectors such as IT services and energy. In such a scenario, large-cap valuations look more attractive than mid- and small-caps, and also present fewer downside risks.
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UBS has revised down China's GDP growth forecast to 3.4% for 2025, anticipating persistent tariffs with the U.S. and factoring in additional stimulus from Beijing. It has projected a significant drop in Chinese exports to the U.S. and a broader decline in overall exports due to slower global economic growth.
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