Investors looking for stock-specific opportunities on Monday, October 19, have five counters on market expert's radar. The recommendations span from pharma, refinery, metals, hospitality and cement sector, with potential upside ranging from about 6% to nearly 33% 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.
Dr. Reddy's Laboratories Ltd. (CMP: Rs 1,233.00)
Ajit Mishra, SVP-Research at Religare Broking, has recommended buying the pharma stock at the current market price of Rs 1,233. The analyst expects Dr.Reddy's to move towards a target of Rs 1,310, while advising investors to maintain a stop loss at Rs 1,200. Based on the recommended entry zone, the stock offers a potential upside of up to 6%.
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Indian Hotels Company Ltd. (CMP: Rs 772.10)
Ajit Mishra has also recommended a buy on India Hotels at the current market price of Rs 772, setting a target of Rs 850, and a stop loss of Rs 745. The call indicates a potential upside of nearly 10%.
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Shyam Metalics & Energy Ltd.(CMP Rs 1,198.50)
Sachin Janardan Sarvade, Market Expert, suggest to enter the stock between Rs 1,170 to Rs 1,198, setting the target price of Rs 1,595, implying a potential upside of 33%, while maintaining a stop loss of Rs 999.
Mangalore Refinery and Petrochemicals Ltd. (CMP: Rs 172.95)
Sachin is also positive on the oil and gas sector. He recommends buying MRPL in the Rs 165 - Rs 172 range, with a target price of Rs 218 and a stop-loss at Rs 149. The target price implies a potential upside upto 26.7%.
ACC Ltd. (CMP: Rs 1,191.00)
VLA Ambala, SEBI RA & Founder, SMT Stock Market,recommends buying ACC near Rs 1170, with targets of Rs 1,250, Rs 1,400 and Rs 1,500 and a stop loss of Rs 1,000. The call offers an upside of 6.8% to 28%.
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