We expect the stock to move higher towards its potential target of Rs89 in the medium term, says Hadrien Mendonca of IIFL.
The equity market is expected to witness positive momentum for a couple of sessions ahead of festive season, experts said.
Rajesh Agarwal of AUM Capital recommends buying BEML with stop loss at Rs 665 and target of Rs 720, Axis Bank with stop loss at Rs 600 and target of Rs 625 and Hindalco Industries with stop loss at Rs 230 and target of Rs 255.
Rajesh Agarwal of AUM Capital recommends buying Bajaj Finance with stop loss at Rs 2198 and target of Rs 2350, NIIT Technologies with stop loss at Rs 1163 and target of Rs 1235 and Bandhan Bank with stop loss at Rs 498 and target of Rs 530.
Rajesh Agarwal of AUM Capital recommends buying National Aluminium Company with stop loss at Rs 65 and target of Rs 75 and Vedanta with stop loss at Rs 232 and target of Rs 250.
Rajesh Agarwal of AUM Capital recommends buying Reliance Infrastructure with stop loss at Rs 463 and target of Rs 499, Cyient with stop loss at Rs 753 and target of Rs 789 and Sical Logistics with stop loss at Rs 193 and target of Rs 212.
A rate hike is something which might not be taken in a positive light by most of the sectors
Here is a list of top 10 stocks which can return up to 35 percent in the next 12 months. For simplicity, we have taken stocks which have a market cap of less than Rs 10,000 crore.
Prakash Gaba of prakashgaba.com advises exiting Indiabulls Real Estate.
Mitessh Thakkar of miteshthacker.com recommends selling Cipla with a stop loss of Rs 590 and target of Rs 564 and advises buying NIIT Tech with a stop loss of Rs 854 and target of Rs 900.
Vijay Chopra of enochventures.com is of the view that one may buy Jet Airways with a target of Rs 835.
With uncertainties due to sell-off in the global market and its slipover towards Indian market, the element of volatility is high at current phase, and it will be advisable to stay caution before initiating a long position.
Watch the interview of SP Tulsian of sptulsian.com with Anuj Singhal, Latha Venkatesh & Sonia Shenoy on CNBC-TV18, in which he shared his readings and outlook on fundamentals of market and specific stocks.
Vishal Malkan of malkansview.com is of the view that one may buy Century Textiles with a target of Rs 1520.
Sustaining above 10,550 levels on tradable basis Nifty can rally initially towards 10,720 and then 10,840 levels. On the downside, the index has support at 10,400 which was last week low and a break below the said level may trigger a decline towards 10,320 and then 10,230 levels, says Ashish Chaturmohta, Head of Technicals and Derivatives, Sanctum Wealth Management.
Ruchit Jain of Angel Broking advises buying PG Electroplast with a target of Rs 490.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell Aurobindo Pharma, Indiabulls Real Estate and Adani Ports and can buy Tata Motors.
Vishal Malkan of malkansview.com recommends buying L&T Finance Holdings with a stoploss at Rs 165 and target of Rs 185 and a buy also on Tata Motors DVR with a stoploss at Rs 225 and target of Rs 245.
Ashwani Gujral of ashwanigujral.com has a buy on Praj Industries with a stop loss of Rs 110, target of Rs 123, a buy on Radico Khaitan with a stop loss of Rs 284, target of Rs 302 and a buy on Balkrishna Industries with a stop loss of Rs 2150, target of Rs 2300.
Manoj Murlidharan of Religare Securities
Ashwani Gujral of ashwanigujral.com is of the view that one can sell DCB Bank, Indiabulls Real Estate, Asian Paints and Tata Global Beverage and can buy Tata Steel and South Indian Bank.
Ashwani Gujral of ashwanigujral.com recommends buying Bharti Infratel, Indiabulls Real Estate, Muthoot Finance, Hindustan Copper, Indiabulls Housing Finance and UltraTech Cement.
Sandeep Wagle of powermywealth.com suggests buying Indiabulls Real Estate and Equitas Holdings.
Ashwani Gujral of ashwanigujral.com recommends buying NALCO, Kotak Mahindra Bank, Indiabulls Real Estate, Jet Airways, ONGC and Ajanta Pharma.
Manoj Murlidharan of Religare Securities is of the view that one can buy Indiabulls Real Estate and GAIL India and can short Muthoot Finance.