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Tuesday’s Top Picks: Paytm, IRFC Among 5 Stocks Set for Up to 11% Short-Term Gains

Updated: June 03, 2025 05:37

Image Source: Economic Times
 
As Indian markets navigate a consolidation phase, analysts have identified five stocks poised for short-term gains of up to 11%. Among them, Paytm (One 97 Communications) and IRFC stand out with strong technical setups.
 
Key Highlights:
•⁠  ⁠Paytm (₹920-924): The fintech giant has broken out of a cup and handle pattern, signaling bullish momentum. Analysts recommend buying at current levels with a target of ₹975-1,025 and a stop loss at ₹895.
 
•⁠  ⁠IRFC (₹137): The railway finance stock is trading near its 200-DMA support. A breakout above ₹142 could push it toward ₹160.
 
•⁠  ⁠Oberoi Realty (₹1,768.90): The real estate stock has surged 1.25%, breaking out of a consolidation zone. Target range: ₹1,850-1,910.
 
•⁠  ⁠Redington (₹267-270): The IT distributor rebounded from its 38% Fibonacci retracement level, forming a bullish candlestick. Target: ₹283.
 
•⁠  ⁠Oil India (₹419.50): The stock is in a narrow range, with ₹430 as resistance. A breakout above ₹435 could trigger a rally toward ₹480-500.
 
Outlook:
With Nifty hovering between 24,500-25,000, analysts expect sideways movement unless a breakout occurs. Investors should watch for technical confirmations before entering positions.
 
Source: Economic Times

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