Short-term stocks to buy: Analyst suggests buying these 2 small-cap stocks; check out targets and stop losses

The equity benchmark indexes Sensex and Nifty rose over 1 per cent to new record highs on Friday, July 12 fuelled by aggressive buying in IT and software sectors following strong TCS earnings and expectations of a rate cut by the US Federal Reserve.

The 30-share BSE Sensex advanced 622 points, or 0.78 per cent, to a record closing level of 80,519.34.

The NSE Nifty gained 186.20 points, or 0.77 per cent, to close at a new high of 24,502.15.

In this all-time high market, market analyst Vikas Sethi of Sethi Finmart has chosen a couple of stocks from a short-term perspective. Sethi has recommended buying West Coast Paper Mills and SakSoft shares. Let's know the target prices of these stocks.

West Coast Paper Mills share price target

Sethi has suggested buying paper products making the company's shares for a short-term target of Rs 725 with a stop loss of Rs 670. On Friday, the stock closed at Rs 670. This means it has an upside of up to 5 per cent from its last closing price. 

Share price target of Saksoft 

Sethi has also recommended buying small-cap IT stock Saksoft. The analyst has given a target of Rs 325 with a stop loss of Rs 290. Shares of Saksoft last traded at Rs 310. With this, it has an upside of up to 6 per cent.

The views/suggestions/advice expressed here in this article are solely by the brokerage firm. Zee Business suggests its readers consult their investment advisers before making financial decisions.