Best Shares To Buy For Short Term In October 2018

Best Shares To Buy For Short Term

In general, Short-Term investments are considered to be riskier than long term investments. But, short-term investments are important for making more profit from cash savings or liquid assets. Below were the best stocks to buy in Oct 2018, read Best Short Term Stocks To Buy Today if you are looking to buy shares today.

Share Market Tips For October 2018

Share Market Tips For October 2018: 4th Week

Hindustan Zinc Ltd. (NSE: HINDZINC) (Share Price: Rs.279): Potential Buy

Valuation: Undervalued with TTM PE of 14.10x.

Reasons to consider: Company is financially sound with strong balance sheet. The stock price has corrected recently led by price correction in zinc and lead globally. Future outlook for metal prices is strong with a structurally positive pricing scenario for zinc and lead globally due to mining supply cuts and the metal deficit. Attractive dividend payouts and high free cash flow generation further buttress give a positive stance on the stock

Financial: In H1FY19, Revenue stood at Rs 10,087 crores vs Rs 9885 crores in H1FY18. The company reported PAT of Rs 3733 crores vs Rs 4473 crores in H1FY18. The company announces interim dividend of Rs 20/share.

Share Market Tips For October 2018: 3rd Week

JK Paper (NSE: JK Paper ) (Share Price: Rs.164) : Potential Buy

Valuation: Undervalued with trailing PE of 9.6x.

Reasons to consider: Company posted robust numbers in Q1FY19. Debt free company with healthy margins. Paper industry is doing well owing high demand. ROE improved to ~17%.

Drivers: Favorable demand-supply situation is likely to continue to benefit copier paper segment (CPM) over the medium term in uncoated W&P paper segment which accounts for ~62% of its sales volume. Higher realization fuels financial strength of the company.

Financial: In FY18, ROCE and ROE of the company decreased to 6.7% and 5.3% respectively. Revenue stood at Rs 839 crores, EPS stood at Rs 1.63/share.

 

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