Top Stocks to Buy – Analyst Sandeep Jain picks Glenmark Pharma, Nilkamal, VST Industries for top gains; Know what make them his Monday picks

Top Stocks to Buy - The stock markets ended on a high on Friday with BSE Sensex and NSE Nifty closing positively. The markets picked up pace during the last 90 minutes of the trade after trading in a range for the entire day. The Friday closing was a departure from the previous four trading sessions during this week and exhibited some resilience. Market Expert Sandeep Jain expects the markets to trade positively over the next week.

He said that real action will come from the primary markets as many Initial Public Offerings (IPO) are lined-up throughout the month.

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He said that the small cap and mid cap stocks will likely gain from this, especially those stocks that are from the sectors where IPOs are being launched.

Top Stocks to Buy – Glenmark Pharma - Jain picked up a futures and options (F&O) stock for big gains. This stock was Glenmark Pharma. This stock was trading around Rs 662 at the time of recommendation. He said that pharma stocks are in action and the action will likely continue.

He puts the target price at Rs 680-685 while the stop loss at Rs 655.

Top Stocks to Buy – Nilkamal Limited – Another stock picked by him was Nilkamal Limited and it was from the cash market. The stock ended at Rs 2272 on the NSE on Friday. He puts the target price at Rs 2370 and next target price at Rs 2410. He puts the stop loss at Rs 2230.

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Top Stocks to Buy – VST Industries Limited - He picked as his positional term pick. He said that this company is strong both fundamentally and technically. The risk-to-reward ratios is excellent. This stock ended at Rs 3617 on Friday on the NSE. He puts the target price at Rs 3890 and the next target price at Rs 3950. He puts the stop loss at Rs 3510.