Stock recommendations for 10 July from MarketSmith India

Indian benchmarks recovered on Thursday with Nifty 50 rising 0.34 percent to 23,962.80 and Sensex gaining 0.31 percent to 76,741.82, supported by strong breadth of 2,522 advances against 780 declines. Nifty Realty led sectoral gains at 3.54 percent, while the rupee weakened to about 95.63 against the US dollar as Brent crude hovered near USD 79. MarketSmith India issued two buy recommendations: Neogen Chemicals with a target of Rs 2,300 (stop loss Rs 1,920) and Goodluck India with a target of Rs 1,750 (stop loss Rs 1,460), both over a two-to-three-month horizon.