Stock-pickers' market: Vedanta, Tata Power among 5 stocks with up to 22% upside

December has turned tricky for investors, with the Nifty down about 1.3% so far this month. Yet, market watchers say it’s a stock-picker’s market, where selective bets can shine even in a cautious backdrop. ETMarkets has compiled a list of five stocks to buy this week, drawn from technical setups and fundamental theses, with upside potential of up to 22%. These picks blend short-term opportunities with longer-term portfolio considerations.

Vedanta stands out as a stock in strong form across multiple timeframes, with analysts noting a pattern of higher tops and bottoms and even an all-time high in some charts. The stock’s bullish tilt is cited by several brokerages as a sign of continued traction, supported by ongoing energy and metals movements that could keep it in focus as the market navigates December volatility.

Tata Power is highlighted as an end-to-end power solutions company, with activity spanning generation, distribution, trading, solar manufacturing to utility-scale and rooftop EPC work. Key monitorables going forward include the finalisation of the Mundra plant PPA, the pace of renewable capacity addition, and the progress of transmission projects under PSP schemes. These factors will influence the stock’s ability to sustain its momentum through the near-term volatility.

Beyond Vedanta and Tata Power, the list also features other picks that technicals and fundamentals point to as opportunities for traders and long-term investors alike. The overall takeaway is to balance quick gains with solid portfolio positions, especially in a month where uncertainty has kept the market range-bound. Investors are advised to perform their own due diligence, consider risk tolerance, and weigh how these ideas fit into their broader strategy for December and beyond.

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