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%.
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