Investors looking for stock-specific opportunities on Monday, October 12, have five counters on market expert's radar. The recommendations span Alcobev, banking and Fast Moving Consumer Goods (FMCG), with potential upside ranging from about 4% to nearly 20% based on the CMPs and targets provided.
The suggested trading strategies encompass entry levels, price targets for upside potential, and stop-loss limits to manage downside risk.
Dabur (CMP: 386.10)
VLA Ambala, SEBI-registered Research Analyst and Founder of SMT Stock Market has recommended Dabur as a buy in the Rs 380-385 range. The analyst expects the stock to move towards Rs 400 and Rs 415, while advising investors to maintain a stop loss at Rs 365. Based on the recommended entry zone, the stock offers a potential upside of up to 9.2%.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
Lenskart Solutions (CMP: Rs 677.75)
Market expert, Sachin Janardan Sarvade has a 'buy' call on Lenskart, advising investors to accumulate the stock between Rs 665 and Rs 678. The stock has a target price of Rs 796 and a stop loss at Rs 619.
At the recommended buying range, the implied upside works out to approximately 17-20%, making it the highest-return idea among the highlighted recommendations.
ALSO READ: Stock Market Today: All You Need To Know Before Going Into Trade On Oct 12
South Indian Bank (CMP: Rs 47.87)
Deven Mehata, Manager - Technical & Derivatives Analyst at IDBI Capital Market and Securities, has suggested buying South Indian Bank at Rs 47.91 with a target price of Rs 52 and a stop loss of Rs 46. The recommendation implies an upside potential of about 8.5%.
Radico Khaitan (CMP: Rs 4,562.40)
Mehata is also bullish on Radico Khaitan, recommending a buy at Rs 4,550 with a target of Rs 4,915 and a stop loss at Rs 4,370. The trade offers a potential gain of roughly 8% from the recommended entry price.
RBL Bank (CMP: Rs 417.35)
Sarvade has also recommended RBL Bank in the Rs 410-418 range, setting a target of Rs 476 and a stop loss of Rs 389. The call indicates a potential upside of nearly 14-16%, depending on the entry level.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
