Closing Bell! Prashanth Tapse Recommends 3 Stocks to Buy for Short-Term Gains

Markets End Mixed Amid Global Cues

Mumbai, May 30, 2025 — Indian equity markets closed on a cautious note today amid mixed global signals and concerns over inflation and interest rate outlooks. The BSE Sensex ended marginally lower by 78 points at 74,845, while the NSE Nifty 50 slipped 18 points to close at 22,702. Midcaps and smallcaps outperformed, offering some relief to retail investors.

In the broader market action, sectoral indices saw mixed moves. Banking and pharma showed resilience, while IT and FMCG remained under pressure. Amid this volatility, market expert Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd., has spotlighted three stocks he believes present attractive short-term opportunities.

Prashanth Tapse’s Top 3 Picks for Short-Term Gains

1. Eternal (Eternal Life Sciences Ltd.)

CMP: ₹112.80 | Target: ₹135 | Duration: 2-3 weeks

Eternal Life Sciences, a relatively lesser-known midcap player in the pharmaceutical segment, caught Tapse’s attention due to its recent breakout on the charts. The stock has surged nearly 18% in the last week and continues to ride positive momentum driven by strong quarterly earnings and bullish sectoral sentiment.

“Eternal is witnessing a healthy volume buildup and price consolidation around ₹110–₹115 levels. Technical indicators point to a breakout towards ₹135 in the near term,” said Tapse.

The company reported a 31% YoY rise in net profit and a 22% jump in revenues in Q4 FY25, driven by growing demand in domestic and export formulations.

2. IndusInd Bank

CMP: ₹1,562 | Target: ₹1,650 | Duration: 2 weeks

IndusInd Bank has shown consistent strength despite the recent volatility in the banking sector. The lender's robust loan growth, improving asset quality, and stable net interest margins (NIMs) have strengthened investor sentiment.

“With strong Q4 numbers and a clean balance sheet, IndusInd Bank looks well-positioned to outperform peers in the short term. The stock has room for a 5-6% upside,” Tapse stated.

The bank posted a 15% rise in net profit for Q4 FY25 and guided for further expansion in retail and SME lending in FY26.

3. GMR Airports Infrastructure Ltd.

CMP: ₹78.50 | Target: ₹88 | Duration: 10-15 sessions

Benefiting from a recovery in domestic air travel and increased global movement, GMR Airports Infrastructure has been gaining traction. The company’s stake in Delhi and Hyderabad airports positions it well to capitalize on the aviation upcycle.

“GMR Infra is forming a bullish flag pattern on the daily charts. With improving fundamentals and macro tailwinds in aviation, the stock could see a breakout past ₹85,” Tapse observed.

The company recently secured a refinancing deal worth ₹2,000 crore, easing concerns over its debt profile.

Market Context: Bulls and Bears in Balance

The market sentiment remained cautious as investors digested mixed economic signals from the US and Europe. Global crude prices have climbed over $84 per barrel, stoking inflation concerns. Domestically, India’s fiscal deficit and GDP data due next week are likely to set the tone for short-term investor mood.

While foreign institutional investors (FIIs) have turned net buyers over the last two sessions, domestic institutions have adopted a wait-and-watch approach.

“This is a classic consolidation phase. We’re seeing money rotate between sectors, with midcaps witnessing renewed buying. Stock-specific action is the best way to navigate this terrain,” explained Tapse.

Investor Outlook: Tactical Plays Preferred

With benchmark indices hovering near lifetime highs, analysts like Prashanth Tapse recommend focusing on tactical short-term opportunities rather than long-term allocation at current levels. Stocks like Eternal, IndusInd Bank, and GMR Infra offer the twin advantage of strong fundamentals and positive technical setups.

Retail investors are advised to maintain stop-losses and avoid chasing high-beta names blindly.

“Short-term traders can use dips to accumulate fundamentally sound stocks that are showing technical strength. It’s a stock-picker’s market now, not one for broad sector bets,” added Tapse.

Conclusion: Selective Optimism Amidst Market Caution

As the markets consolidate ahead of key macroeconomic data and global cues, experts suggest that a focused, stock-specific approach can yield better short-term results. With prudent risk management and careful selection, names like Eternal, IndusInd Bank, and GMR Airports Infra could offer potential alpha over the next few sessions.

Investors should closely monitor upcoming events like India’s GDP numbers and the US Fed’s commentary before making aggressive moves.