The benchmarks NSE Nifty 50 and BSE Sensex opened in the green, rising over 0.80% as of 10:00 a.m., extending their gains from Friday. Broader markets relatively underperformed the benchmarks around market open, with the BSE Midcap and Smallcap indices rising 0.57% and 0.62%, respectively.
Here are the stock suggestions that market expert and Founder of The Street, Kunal Rambhia, has for investors this Monday:
Adani Ports and Special Economic Zone
Kunal Rambhia recommends a 'buy' for the stock. He suggests a target price of Rs 1,500, with the stop loss at Rs 1,375.
Out of seven analysts tracking the company, six maintain a 'buy' rating, and one suggests 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 22.6%.
AU Small Finance Bank
Rambhia recommends a 'buy' for the stock. The target price for the counter is Rs 740 apiece, with a stop loss of Rs 685.
Out of 32 analysts tracking the company, 22 maintain a 'buy' rating, five recommend a 'hold' and five suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies a downside of 0.3%.
Dabur India
Rambhia recommends a 'buy' for the stock. The target price for the counter is Rs 535 apiece, with a stop loss of Rs 470.
Out of 42 analysts tracking the company, 15 maintain a 'buy' rating, 19 recommend a 'hold,' and eight suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 6.8%.
Disclaimer: The views and opinions expressed by the investment advisers on NDTV Profit are of their own and not of NDTV Profit. NDTV Profit advises users to consult with their own financial or investment adviser before taking any investment decision.
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