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Five stocks to look for on Monday: From HDFC Bank to SBI to JB Chemicals; Check share price target, stop loss
The stock markets are back on track as they shunned a four-day-long losing streak buoyed by gains in select banking and auto counters. The 30-share BSE Sensex opened lower but gained momentum as the session progressed, before finally ending 160 points higher at 62,570.68. The broader NSE Nifty advanced 48.85 points to settle at 18,609.35, with 27 of its constituents closing in the red. Market analysts have picked up their choice of stocks and investors may bet on these shares on Monday. The five stocks are JB Chemicals, HDFC Bank, Colgate-Palmolive, SBI and BPCL. These stocks are recommendations of experts and investors should take an informed decision. Now let's look at their target prices and stop losses:
HDFC Bank Share Price Target, Stop Loss
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Manoj Dalmia, Founder and Director of Proficient Equities has picked HDFC Bank. He has recommended a target price of Rs 1656 per share and the stop loss is Rs 1630 per share. The HDFC Bank share prices closed at Rs 1630.15 on Friday.
Colgate-Palmolive Share Price Target, Stop Loss
Ravi Singh, Vice President and Head of Research, Share India, picked up three stocks. One of them is Colgate-Palmolive. Singh suggested a target price of Rs 1695 and a stop loss of Rs 1645. The Colgate-Palmolive share prices closed at Rs 1,659.35 per piece on Friday.
SBI Share Price Target, Stop Loss
Singh recommended State Bank of India shares with a target price of Rs 622/share while the stop loss was kept at Rs 603/share. The SBI shares have given multifold returns in the last few months and closed at Rs 617/share on Friday.
BPCL Share Price Target, Stop Loss
Bharat Petroleum Corporation Ltd shares are another pick by Singh. He recommended it for a target price of Rs 345 with a stop loss of Rs 335. The BPCL shares closed at Rs 338.5 per share on Friday.
JB Chemicals Share Price Target, Stop Loss
The brokerage house BNP Paribas has picked JB Chemicals. The brokerage house kept the target price at Rs 2342/share. The JB Chemicals share prices closed at Rs 2060/share on Friday.
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