New Delhi: According to business daily, ‘Mint,’ Jigar S. Patel, Senior Manager, Equity Research, Anand Rathi Share and Stock Brokers has given three  stocks to buy recommendations. These three scrips are SBI Cards and Payment Services, Som Distilleries & Breweries and Bank of Baroda. The stock market analyst also shared target price and stop loss to kept by investors while taking position in these three scrips.

SBI Cards and Payment Services Share Price Target And Stop Loss

Patel said he sees a bullish bat pattern on the daily chart of SBI Cards and Payment Services near the Rs 730 level. On Monday, the scrip had closed at Rs 732.15 apiece. According to the stock market expert, SBI Cards share price can rise up to Rs 810 levels in the long run. Albeit, he suggested investors to keep stop loss at Rs 692 apiece. This is the first of his three stocks to buy recommendations.

Som Distilleries & Breweries Share Price

The expert thinks Som Distilleries & Breweries share price can rise up to Rs 132 levels. On Monday, the scrip closed 3% lower at Rs 107.75 per share on the BSE amidst a weak market. Additionally, the stock market analyst said investors must keep a stop loss at Rs 101 apiece. This is Patel’ second of the three stocks to buy  recommendations.  According to him, Som Distilleries is trading near critical support level of Rs 105-108. The stock can rise up to 23% from current price.

Bank of Baroda Share Price Target, Stop Loss

According to the market analyst, Bank of Baroda’s current Relative Strength Index (RSI)  indicates the stock is not yet overbought. traders can enter the scrip in the range of Rs 248-250 for a target price of Rs 270 apiece keeping stop loss at Rs 239.  On Monday,  the PSU Bank’s share price closed at Rs 242.30 apiece.  In last six months, the scrip is down 9%. While, in last one year, it is up 15%. Bank of Baroda is the third stock to buy  recommendation of Patel

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