Stock recommendations for 22 June from MarketSmith India

Indian benchmarks ended lower on Friday with the Sensex falling 607 points to 76,802.90 and the Nifty 50 declining 154.9 points to 24,013.10, snapping a five-session winning streak as IT stocks slumped over 3.6 percent after Accenture cut its revenue outlook and renewed FII selling weighed on sentiment. Broader markets outperformed, with the Nifty Midcap 100 and Smallcap 100 gaining 0.22 percent and 0.42 percent respectively. MarketSmith India issued buy recommendations on Anand Rathi Wealth with a target of Rs 2,120 and Adani Power with a target of Rs 270 over a two to three month horizon.