Stock recommendations for 23 July from MarketSmith India

MarketSmith India has issued two buy recommendations on 23 July. R R Kabel is recommended at around Rs 2,426-2,462 with a target of Rs 2,800 (2-3 months) and stop loss of Rs 2,280, citing strong cables franchise, infrastructure tailwinds, and FMEG expansion. Nestle India is recommended at around Rs 1,482-1,504 with a target of Rs 1,900 (2-3 months) and stop loss of Rs 1,360, citing strong brand portfolio, pricing power, and premiumization trends.