For Monday's stock recommendations, Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, and Vikas Jain, Head of Research at Reliance Securities, have identified five stocks. The recommended stocks include Yes Bank Ltd., Jio Financial Services Ltd., Persistent Systems Ltd., Bharat Forge Ltd., and Varun Beverages Ltd.
Vaishali Parekh recommends buying Yes Bank at Rs 19.7 with a stop loss of Rs 19 and a target price of Rs 21. Out of 11 analysts tracking the company, one recommends a 'hold,' and 10 suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies a downside of 15%.
For Jio Financial Services, Parekh suggests a buy at Rs 292, with a stop loss of Rs 288 and a target price of Rs 303. Only one analyst is tracking the company, and they maintain a 'hold' rating on the stock, according to Bloomberg data. The average 12-month consensus price target implies an upside of 8.9%.
Persistent Systems is another stock on Parekh's buy list, with a recommended entry at Rs 6,100, a stop loss at Rs 5,800, and a target price of Rs 6,500. Out of 41 analysts tracking the company, 21 maintain a 'buy' rating, nine recommend a 'hold,' and 11 suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies a downside of 7.7%.
Vikas Jain from Reliance Securities advises buying Bharat Forge with a stop loss at Rs 1,220 and a target price of Rs 1,400. Out of 29 analysts tracking the company, 13 maintain a 'buy' rating, seven recommend a 'hold,' and three suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies a downside of 10%.
Lastly, Jain recommends buying Varun Beverages with a stop loss at Rs 440 and a target price of Rs 510. Out of 29 analysts tracking the company, 27 maintain a 'buy' rating, and two recommend a 'hold,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 36.4%.
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