Shares to Buy for Short-Term: Experts Highlight IndiGo, IREDA, Vedanta, and Three Others for the Next 2-3 Weeks
Experts recommend IndiGo, IREDA, Vedanta, and three other stocks for 7–16% gains in the next 2–3 weeks. Explore technical setups, market context, and investor outlook for these short-term picks.
The Indian stock market has shown resilience despite recent volatility, with the Nifty 50 index maintaining a crucial support level at 25,000. After four consecutive sessions of gains, the market witnessed mild profit booking on June 10, 2025, amid mixed global cues. Experts remain cautiously optimistic, projecting the Nifty 50 could climb to 25,400–25,500 in the near term, provided it holds above the key support. Against this backdrop, analysts have identified six stocks—InterGlobe Aviation (IndiGo), Indian Renewable Energy Development Agency (IREDA), Vedanta, and three others—for potential short-term gains of 7–16% over the next two to three weeks. This article explores these recommendations, their technical and fundamental drivers, and the broader market context.
Market Context: A Balancing Act
The Indian stock market has been navigating a complex landscape in 2025. Positive global cues, including expectations of a 25-basis-point U.S. Federal Reserve rate cut in September, have bolstered sentiment. However, concerns over foreign capital outflows, U.S. trade tariff uncertainties under President-elect Donald Trump, and anticipation of India’s Union Budget 2025 have kept volatility high. The Nifty 50, down nearly 10% from its all-time high of 26,277.35, is now testing investor confidence.
“Despite recent profit booking, the market’s undertone remains positive,” says Amol Athawale, Vice President of Technical Research at Kotak Securities. “The Nifty 50’s ability to hold above 25,000 is a bullish signal, and selective stock picking in fundamentally strong companies can yield short-term gains.”
Top Stock Picks for Short-Term Gains
Analysts have pinpointed six stocks with strong technical setups and fundamentals, ideal for short-term investors. Below is a detailed breakdown of three highlighted stocks—IndiGo, IREDA, and Vedanta—followed by a brief overview of the remaining three.
InterGlobe Aviation (IndiGo): Flying High on Technical Strength
InterGlobe Aviation, the parent company of IndiGo, India’s largest airline, has caught analysts’ attention due to its robust technical breakout. The stock has surged past the ₹5,500 resistance zone with strong trading volumes, confirming a bullish breakout above an ascending triangle pattern on the daily chart.
“The 34-day EMA is providing dynamic support, and the RSI at 66 indicates strong momentum without being overbought,” notes Rajesh Bhosale, Technical Analyst at Angel One. “The MACD’s bullish crossover further reinforces IndiGo’s upward bias, with potential targets at ₹5,800–6,000 in the next 2–3 weeks.”
IndiGo’s fundamentals are equally compelling. The airline has capitalized on rising domestic air travel demand and improved operational efficiencies. Its market leadership and cost-control measures make it a strong contender for short-term gains.
Recommendation: Buy at current levels (around ₹5,500), with a stop-loss at ₹5,300 and a target of ₹5,800–6,000.
IREDA: A Green Energy Bet with Momentum
The Indian Renewable Energy Development Agency (IREDA), a Navratna PSU and leading green financing NBFC, has emerged as a favorite due to its recent bullish breakout. The stock broke out of a falling trendline resistance, supported by a significant surge in trading volumes, signaling a potential reversal from its medium-term downtrend.
“IREDA’s breakout above ₹225, coupled with a successful retest of the breakout level, adds credibility to its bullish setup,” says Omkar Kamtekar, Research Analyst at Bonanza Portfolio. “Short-term targets of ₹250–260 are achievable, with support at ₹214.”
IREDA’s financial performance underscores its appeal. For the March 2025 quarter, the company reported a 49% year-on-year increase in net profit to ₹501.6 crore, driven by a 47.3% rise in net interest income to ₹801.3 crore. Its loan book grew 28% to ₹76,282 crore, reflecting strong growth in India’s renewable energy sector.
Recommendation: Buy on dips around ₹225, with a stop-loss at ₹214 and targets of ₹250–260.
Vedanta: Riding the Metals Wave
Vedanta, a diversified natural resources company, is another top pick, buoyed by its exposure to metals and energy. The stock has shown resilience despite a 5.48% decline over the past six months, trading at ₹436.25 as of June 5, 2025. Analysts highlight its recent retest of a breakout level and bullish momentum in the metals sector.
“Vedanta’s pinbar candle formation near its 20-day moving average at ₹471 suggests potential for a rally toward ₹520–555,” says Pravesh Gour, Senior Technical Analyst at Swastika Investmart. “The company’s expansion in oil and gas, with seven new blocks secured under OALP Round IX, adds to its growth prospects.”
Vedanta’s fundamentals are supported by a net profit of ₹14,988 crore for FY2025 and a diversified portfolio across aluminum, zinc, and oil. However, high promoter pledging (99.99%) remains a risk factor.
Recommendation: Buy at ₹435–440, with a stop-loss at ₹415 and targets of ₹465–470.
Other Recommended Stocks
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Apollo Hospitals: The healthcare giant is forming higher highs and lows, with a positive MACD crossover and RSI at 66, indicating sustained bullish momentum. Analysts project a 7–10% upside to ₹7,200–7,400, with support at ₹6,800.
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Apar Industries: This stock has broken out of an inverse head-and-shoulders pattern, supported by high volumes. RSI at 72.48 suggests strong momentum, with targets at ₹12,300–12,500 and a stop-loss at ₹10,450.
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NBCC: The PSU construction firm has secured a ₹1,000 crore contract, boosting its order book. Technicals indicate a potential move to ₹190, with support at ₹140.
Investor Outlook: Opportunities and Risks
The recommended stocks offer a mix of technical breakouts and strong fundamentals, making them attractive for short-term traders. However, investors must remain vigilant. “Volatility is likely to persist due to global uncertainties and upcoming Q3 earnings,” warns VLA Ambala, SEBI-registered analyst at Stock Market Today. “Focus on stocks with strong support levels and avoid over-leveraging.”
Key risks include:
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Global Economic Uncertainty: U.S.-China trade tensions and tariff policies could impact metal and energy stocks like Vedanta.
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Market Corrections: A breach below Nifty 50’s 25,000 support could trigger broader selling pressure.
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Sector-Specific Risks: IREDA’s exposure to renewable energy financing carries regulatory and project execution risks.
On the upside, India’s strong economic growth, government focus on infrastructure, and renewable energy initiatives provide a favorable backdrop for these stocks. Investors are advised to consult certified financial advisors before acting on these recommendations.
The Indian stock market’s current dynamics offer selective opportunities for short-term investors. IndiGo, IREDA, Vedanta, Apollo Hospitals, Apar Industries, and NBCC stand out due to their technical strength and fundamental growth drivers. With the Nifty 50 holding above 25,000 and positive global cues, these stocks could deliver 7–16% returns over the next 2–3 weeks. However, disciplined risk management and close monitoring of market trends are essential to navigate potential volatility.
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