Market analysts and brokerage firms have identified high-conviction trading ideas for the upcoming session on Monday, primarily focusing on the financial sector
Top picks include AU Small Finance Bank Finance Bank Ltd., IIFL Finance Ltd., and Central Depository Services (India) Ltd. among two others
The suggested trading strategies encompass entry levels, price targets for upside potential and stop-loss limits to manage downside risk.
AU Small Finance Bank (CMP: Rs 1,108.20)
Ajit Mishra, SVP-Research at Religare Broking advised traders to enter AU SFB at the current market price of Rs 1,108. He has set a target price of Rs 1,170, implying an upside of 5.60%. Mishra has advised investors to maintain a stop loss at Rs 1,080.
Sachin Janardan Sarvade, Market Expert, also has a 'buy' call on AU Small Finance Bank. He has recommended purchasing the stock between Rs 1,090 and Rs 1,108 and has set a target price of Rs 1,234, implying an upside of 11.37%-13.21%, depending on the entry price. Sarvade has advised investors to maintain a stop loss at Rs 1,044.
IIFL Finance (CMP: Rs 682.90)
Sarvade has a 'buy' call on IIFL Finance. He has recommended purchasing the stock between Rs 670 and Rs 680 and has set a target price of Rs 777, implying an upside of 14.26%-15.97%, depending on the entry price. Sarvade has advised investors to maintain a stop loss at Rs 634.
CDSL (CMP: Rs 1,388.90)
Misha recommended buying CDSL shares at the current market price of aroun Rs 1,389. He has set a target price of Rs 1,480, implying an upside of 6.55%. Mishra has advised investors to maintain a stop loss at Rs 1,350.
S&S Power (CMP: Rs 298.85)
Vijay Laxmi Ambala (alias VLA Ambala), SEBI-registered researcg analyst and Founder of SMT Stock Market, has a 'buy' call on S&S Power. She has recommended purchasing the stock at Rs 295 and has set targets of Rs 315, Rs 340 and Rs 380, implying upsides of 6.78%, 15.25% and 28.81%, respectively. Ambala has advised investors to maintain a stop loss at Rs 270.
RACL Geartech (CMP: Rs 1,500)
Ambala also advised purchasing RACL Geartech. She has recommended purchasing the stock between Rs 1,480 and the current market price of Rs 1,500. She has set targets of Rs 1,520 and Rs 1,700, implying upsides of 1.33%-2.70% and 13.33%-14.86%, respectively. Ambala has recommended investors to book their losses at Rs 1,300.
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