From mint · MarketSmith India · · 1m 10s
Stock recommendations for 10 October from MarketSmith India
MarketSmith India recommends two stocks for 10 October: Allied Blenders and SG Finserve.
In brief
MarketSmith India recommends two stocks for 10 October: Allied Blenders and SG Finserve. MarketSmith India recommends Allied Blenders and SG Finserve for 10 October with target prices of ₹820 and ₹770 respectively. Originally reported by mint.
MarketSmith India stock recommendations
MarketSmith India reveals top stock recommendations for 10 October.
Market rebound on Friday
Indian equities rebounded Friday led by IT stocks after TCS quarterly results.
Nifty 50 performance
Nifty 50 rose 288.65 points to 22,520.45 after eight-week losing streak.
IT sector surge
IT stocks rose nearly 3% with TCS gaining 4% after beating profit estimates.
Allied Blenders recommendation
MarketSmith recommends Allied Blenders and Distillers Ltd at ₹704-715 target ₹820.
Allied Blenders strategy
Strong premiumisation strategy led by brands like ICONiQ and Sterling Reserve.
Allied Blenders risk factors
Highly regulated alcohol industry with state-wise policy changes and taxation risks.
SG Finserve recommendation
MarketSmith recommends SG Finserve Ltd at ₹669-679 target ₹770.
SG Finserve strategy
Rapidly expanding supply-chain finance franchise serving MSMEs and dealers.
SG Finserve risk factors
Concentration in supply-chain financing exposes to slowdown among anchor corporates.
What matters most
MarketSmith India recommends Allied Blenders and SG Finserve for 10 October with target prices of ₹820 and ₹770 respectively.
