Stocks to Buy on Monday - Colgate Palmolive, Precision Wires, Mrs Bectors Food top buys for big gains - Sandeep Jains F&O, cash, positional picks
Stock to Buy on Monday - Colgate Palmolive (India) Limited - Jain recommended Colgate Palmolive shares as his Monday buy. This is from the Futures & Options (F&O) segment, he said. The stock ended at Rs 1670 on Friday on the NSE, up by almost Rs 2 0r 0.13 per cent. Though it did not have a significant participation on Friday
Indian Investors must remain cautious of the current market movements, analyst Sandeep Jain advises. He said that there has been a bloodbath in the mid cap and small cap stocks over several trading sessions. Nifty, however managed to hold itself.
The Indian Stock Markets witnessed sharp decline on Friday amid weak global cues. NSE Nifty 50 fell by over 118 points or 0.71 per cent to settle at 16,450.50. Meanwhile, the BSE Sensex ended at 55,329.32, down by over 300 points or 0.54 per cent. Nifty Bank fell by over 520 points on the last trading session of this week to settle at 35,033.85.
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Barring the FMCG sector, most other sectors saw selling pressure. The Foreign Institutional Investors (FIIs) sold Indian Equities worth Rs 2287 cr while the Domestic Institutional Investors (DIIs) purchased Indian equities worth Rs 119 cr.
He said that the investors must only go with the quality mid cap and small cap stocks.
Stock to Buy on Monday – Colgate Palmolive (India) Limited – Jain recommended Colgate Palmolive shares as his Monday buy. This is from the Futures & Options (F&O) segment, he said. The stock ended at Rs 1670 on Friday on the NSE, up by almost Rs 2 0r 0.13 per cent. Though it did not have a significant participation on Friday.
He puts the target price at Rs 1730-Rs 1750 while the stop loss at Rs 1650.
Stock to Buy on Monday – Precision Wires India Limited – He recommended Precision Wires shares for a Buy on Monday. It was recommended as an intraday cash market pick. He said that any position in this stock should be taken depending upon the mood of the markets. He puts the target price at Rs 240 while the stop loss at RS 220.
This stock ended at Rs 225.90 on the NSE on Friday, up by almost 1.9 per cent from the previous closing price on Thursday.
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Stock to Buy on Monday – Mrs Bectors Food Specialities Limited – Jain picked Mrs Bectors Food shares as his positional term pick. This stock ended at RS 398.25 on the NSE on Friday up nu almost 1 per cent. He puts the stop loss at Rs 450 while the target price at Rs 375.
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