The Indian Stock Market sentiment has turned on the positive side again. Yesterday, the Nifty 50 settled at 24734. On the other hand, the Sensex also gained 0.19% and settled at 80718. What are the stocks to buy on Monday? Sumeet Bagadia, Executive Director at Choice Broking has given some recommendations. Let’s check those out, with entry price, target selling price and stop loss.
Stocks to Buy Recommendation by Sumeet Bagadia
1. Cholamandalam Investment: You can purchase these shares for an entry price of Rs 1490 and target to sell for Rs 1600. Also, it is recommended to have a stop loss at Rs 1440.
2. Dr Reddy’s Laboratories: Another good stock to watch on Monday is Dr Reddy’s Laboratories. These shares can be purchased at Rs 1268 and later can be sold for Rs 1360. Do remember to have a stop loss at Rs 1222.
3. Reliance Industries: The last recommendation for Monday by Sumeet Bagadia is Reliance Industries. Investors can buy these shares for Rs 1375 and later it can be sold for a target price of Rs 1470. It is also suggested to have a stop loss at Rs 1325.
Disclaimer: All the information shared in this article is for informational purposes only. Any recommendations mentioned are made by individual analysts or experts. India Hood does not recommend Buy or Sell, nor will she be responsible. Investors are strongly advised to consult with certified experts before making any investment decisions.
