Top Stocks to Buy on Monday – Escorts, IPCA Lab, L&T Technology Services are picks for high returns, Sandeep Jain says
Stocks to Buy – Escorts – The stock markets ended on a high on Friday with BSE Sensex and NSE Nifty achieving their lifetime highs. Nifty Mid Cap and Nifty Small Cap index also shot up to their life highs. Expert Sandeep Jain’s top advice to investors is to not get drifted with the current market euphoria. He said that that only top stocks with good fundamentals should be picked for gains.
He said that the investors should remain invested in the markets and be mindful of exuberance.
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This expert also recommended a few stocks for Monday when the market reopens.
Stocks to Buy on Monday – Escorts Limited - His first stock was from the Futures & Options segment (F&O). He recommended Escorts Limited as his top buy on Monday. This stock ended at Rs 1219 on the NSE on Friday. He puts the intraday target of Rs 1250 while the stop loss at Rs 1201.
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Stocks to Buy on Monday – IPCA Lab - Another stock picked by him was IPCA Lab. This stock ended at Rs 2047 on the last trading day of the week. He puts the target price at Rs 2090 while the stop loss at Rs 2030. This is a cash market stock and Jain said that he was very bullish on this sector and the stock as well. The 52-week high for this stock is Rs 2460 which the stock achieved on 28 October 2020. Meanwhile the 52-week low for this stock is Rs 1511.10 which it achieved on 16 June 2020.
Stocks to Buy on Monday – L&T Technology Services - He also picked L&T Technology Services as his positional term pick. This stock was trading at Rs 2873 at the time of recommendation. He puts the stop loss at Rs 2750 while giving two target prices – Rs 3050 and Rs 3090 respectively. The 52-week high for this stock is Rs 3062.15 which the stock achieved on 09 April 2021. Meanwhile the 52-week low for this stock is Rs 1238.80 which it achieved on 25 June 2020.
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