Stocks to Buy on Monday – Dr Reddy’s Laboratories – Market Analyst Sandeep Jain recommends a stock from the Futures & Options (F&O) space and this is a pharma stock. He recommended Dr Reddy’s Laboratories as his intraday stock for Monday with the target price between 5470 and 5490 while the stop loss at Rs 5390
Stock to Buy on Monday – Market Expert Sandeep Jain said the last two trading sessions were good for the domestic markets after a much-needed break on Wednesday. Markets were closed on account of Bakri-id. He said that a fresh buying activity is now being seen. The Markets have also been riding on expectations of good earnings results from the top companies. He said that the party is still ongoing in the mid cap and small cap space.
The broader market also did well on Friday with metals, IT, pharma and banking stocks coming to the party, Jain said. He said that he was bullish on Monday trading session. He recommended three stocks for Monday which he said will give handsome returns to the investors.
Stocks to Buy on Monday – Dr Reddy’s Laboratories – His first intraday stock for Monday was from the Futures & Options (F&O) space and was a pharma stock. He recommended Dr Reddy’s Laboratories. This stock ended at Rs 5423 on the NSE on Friday.
He puts the target price between 5470 and 5490 while the stop loss at Rs 5390.
Stocks to Buy on Monday – Endurance Technologies – This was his intraday Monday pick from the cash markets. He said that the companies from this segment have been posting good results and called this company as a strong company. This stock ended at Rs 1662.15 on the NSE on Friday, up by 1.7 per cent from the Thursday closing price.
He puts the target of Rs 1690 while the stop loss at Rs 1640.
Stocks to Buy on Monday – EIH Associated Hotels Limited – As his positional term pick, he recommended EIH Associated Hotels Limited – a company stock he called excellent. He said that the unlocking theme will help this stock. In the hotel space, Jain said that he finds this company quite attractive.
This stock ended at Rs 333.95 on Friday on the NSE, up 0.5 per cent from the Thursday closing price. He puts the target price at Rs 370 while the stop loss at Rs 310.
