Stock to Buy on Monday – There will be stock specific action when the stock markets reopen on Monday, market expert Sandeep Jain said. The ongoing earnings season has triggered action in mid cap and small cap stocks, he added. These two segments have been outperforming though there has been some weakness in Bank Nifty and Nifty, Jain said.

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The August series has started on a low note with Nifty ending the week with a negative bias going down by almost 15 points on Friday. The broader market NSE Nifty 50 ended at 15,763.05. Meanwhile, the BSE Sensex ended down 66 points at 52,586.84. The Bank Nifty also fell by over 100 points to settle below 34,600.

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Stocks to Buy on Monday – Emami - As for positional pick, Jain picked an FMCG play. He picked Emami. This stock ended at Rs 559 on Friday on the NSE. He puts the stop loss at Rs 530 while the target price at Rs 690.