Stock recommendations for 16 July from MarketSmith India

MarketSmith India recommends buying Bandhan Bank at around Rs 214–217 with a target of Rs 245 in two to three months and a stop loss at Rs 206, citing its strong retail franchise and microfinance expertise. The firm also recommends buying EPACK Durable at around Rs 245–248 with a target of Rs 280 and a stop loss at Rs 232, citing its leadership in RAC OEM/ODM manufacturing and benefits from rising AC penetration. Separately, Indian benchmarks Sensex and Nifty 50 ended marginally higher on 15 July, with Nifty 50 closing at 24,078.50, up 26 points, amid US-Iran tensions and rising crude prices.