Stock market experts recommended five stocks for trade on Monday that promise returns for investors.
Kunal Rambhia, fund manager and trading strategist at The Streets, suggests buying Hindustan Construction Company Ltd., at the current market level with a target price of Rs 35 and a stop loss at Rs 25. One analyst tracking the company has maintained a 'buy' rating, according to Bloomberg data. The average 12-month consensus price target implies an upside of 28.3%
Another stock that Rambhia suggests is Rashtriya Chemicals and Fertilizers Ltd. at the current market level with a target price of Rs 160 and a stop loss at Rs 143.
Brijesh Ail, head technical and derivatives, retail research at IDBI Cap, recommends buying RBL bank at the current market level with a target price of Rs 285 and a stop loss at Rs 257. Out of 23 analysts tracking the company, 13 maintain a 'buy' rating, three recommend a 'hold,' and seven suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies a downside of 0.5%.
He also suggests buying Gujarat State Fertilizers & Chemicals at the current market level with a target price of Rs 230 and a stop loss at Rs 208. One analyst tracking the company recommends a 'sell,' according to Bloomberg data. The average 12-month consensus price target implies a downside of 15.6%
Gaurav Sharma, associate VP and head of research (equity, commodity & currency) at Globe Capital suggests buying Indian Energy Exchange at the current market level with a target price of Rs 150 and a stop loss at Rs 132. Out of 13 analysts tracking the company, four maintain a 'buy' rating, three recommend a 'hold,' and six suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 5%.
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