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Even as benchmark indices faced a rough last week, market analysts suggest that traders will have the option to trade on both sides of the market. Based on their recommendations, here are eight stocks that are likely to deliver a strong return in the near term.

​Graphite India, incorporated in the year 1974, is a Mid Cap company (having a market cap of Rs 7647.98 Crore) operating in Industrial Consumables sector.

On the technical charts, the 200-day moving average of the stock stood at Rs 95.07.

As of 30-Sep-2022, promoters held 59.45 per cent stake in the company, while FIIs held 23.1 per cent and domestic institutional investors had 4.21 per cent.

L&T is in a sweet spot as both domestic and middle east prospects are looking bright. FY22-25E, the brokerage anticipates the core E&C EBITDA to rise at 22% CAGR vs 16% in FY15-19 when it traded at 12x EV/EBITDA.

The stock quoted a 52-week high of Rs 5790.0 and a 52-week low of Rs 3314.0.

The stock quoted a 52-week high price of Rs 2282.25 and a 52-week low of Rs 1513.3.

However, if an OTM put option is bought ahead of any event which suggests that India VIX or volatility index will rise, then an option buyer can make good profit. This is because option premiums rise when VIX rises as it indicates the panic in the market.

Promoters held 74.96 per cent stake in the company as of September 2022 quarters while FIIs owned 0 per cent and DIIs 7.66 per cent.

The Nifty Bank index was trading 0.37 per cent up at 43380.85.