Market experts have recommended five stocks for investors and traders to track today. Based on their respective target prices, the counters offer potential upsides ranging from about 5% to nearly 35%. Top picks include Gland Pharma Ltd., Sansera Engineering Ltd., Dr Reddy's Laboratories Ltd., Union Bank of India Ltd. and Ashok Leyland Ltd.
Gland Pharma Ltd. (CMP: Rs 3,285)
Market expert Sachin Janardan Sarvade recommends buying Gland Pharma in the Rs 3,230-3,303 range. He has set a target price of Rs 4,415 and advised maintaining a stop loss at Rs 2,749. The target implies a potential upside of 34.4% from the current market price.
Sansera Engineering Ltd. (CMP: Rs 4,650)
Sarvade has also recommended buying Sansera Engineering between Rs 4,555 and Rs 4,654. The expert has placed the stop loss at Rs 3,849 and the target at Rs 6,265, indicating a potential upside of 34.7%.
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Dr Reddy's Laboratories Ltd. (CMP: Rs 1,385)
Ajit Mishra, senior vice-president of research at Religare Broking, recommends buying Dr Reddy's Laboratories at the current market price. He has set a target of Rs 1,460 and a stop loss at Rs 1,345. The stock offers a potential upside of 5.4%.
Union Bank of India Ltd. (CMP: Rs 197)
Mishra recommends buying Union Bank of India at Rs 197, with a target of Rs 210 and a stop loss at Rs 190. The target reflects a potential upside of 6.6%.
Ashok Leyland Ltd. (CMP: Rs 174.86)
VLA Ambala, SEBI-registered research analyst and founder of SMT Stock Market, recommends buying Ashok Leyland around Rs 165. She has set targets of Rs 185 and Rs 200, with a stop loss at Rs 155. From the CMP, the targets indicate potential upsides of 5.8% and 14.4%, respectively.
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