Expert take: Vodafone Idea, Vedanta among 5 stocks to buy this week for upside up to 24%. Here's why

Nifty started Monday on a positive note, taking cues from developments around GST reforms and expectations of Fed rate cuts in the upcoming September FOMC policy meeting.

Expert Anuj Gupta, Director at Ya Wealth Global Research, sees a positive outlook for Nifty, expecting the 50-stock index to trade in the range of 25,100–25,200. He has picked five stocks to buy this week, with an upside of up to 24% in the short-to-medium term.

Buy Vodafone Idea | Target: Rs 9 | Upside: 24%

Idea increased by 15% last week on the back of AGR relief measures by the PMO. It is trading in an oversold zone, suggesting potential short-covering. Substantial volumes were noticed in the stock. One can buy with a stop loss of Rs 5.50 and a target of Rs 9.

Buy Dabur India | Target: Rs 580 | Upside: 12%

Dabur gained 3% last week, with substantial volumes seen at lower levels. Further upside is expected. One can buy around the CMP of Rs 518.30 with a stop loss of Rs 480 and a target of Rs 580.

Buy Tata Motors | Target: Rs 740 | Upside: 9%

Tata Motors rose by 2.36% and closed at Rs 680.30 last week. Lower-level recovery is visible. One can buy with a stop loss of Rs 645 and a target of Rs 740.

Buy Reliance Industries | Target: Rs 1,500 | Upside: 6%

RIL shares increased by 2.58%, closing at Rs 1,409.20. A trendline breakout is visible, indicating further upside. One can buy with a stop loss of Rs 1,360 and a target of Rs 1,500.

Buy Vedanta | Target: Rs 470 | Upside: 6%

Vedanta gained 3.27% last week, closing at Rs 444.25. A breakout on the charts, coupled with substantial volumes, suggests a positive trend. One can buy with a stop loss of Rs 424 and a target of Rs 470.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)