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Zee Business Managing Editor Anil Singhvi has identified Kotak Mahindra Bank, RBL Bank, and L&T Finance as his Stocks of the Day for Monday, October 6, citing strong business updates and healthy growth trends. In contrast, D-Mart has been placed on the sell list after the retail chain posted a softer revenue trajectory for the September quarter.

Here's why market guru Anil Singhvi is betting on these stocks with their price targets

Singhvi has recommended a buy on Kotak Bank Futures with a stop loss at Rs 2,070 and targets of Rs 2,135 and Rs 2,155. The lender reported a 16 per cent year-on-year rise in net advances to Rs 4.62 lakh crore, while CASA deposits increased 11.2 per cent to Rs 2.23 lakh crore. Total deposits grew 14.6 per cent to Rs 5.28 lakh crore.

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Citi has maintained a buy rating on Kotak Mahindra Bank with a target price of Rs 2,525, citing robust loan and deposit growth. The brokerage expects microfinance stress to have peaked in Q1, with incremental credit costs likely to ease going ahead.

For RBL Bank, Singhvi has advised a buy in cash (as the stock remains under F&O ban) with a stop loss at Rs 269 and targets of Rs 283 and Rs 286. The private sector lender posted gross loan growth of 14 per cent YoY, compared with 9.3 per cent in the previous quarter. Total deposits increased 8 per cent YoY to Rs 1.16 lakh crore, while deposits below Rs 3 crore rose 14 per cent and accounted for nearly 51 per cent of overall deposits.

CASA deposits inched up 3 per cent YoY to Rs 37,169 crore, though the CASA ratio moderated to 31.9 per cent. Liquidity coverage averaged 127 per cent during the quarter. While Morgan Stanley maintained an underweight rating with a target of Rs 175, Singhvi expects near-term upside driven by improving retail traction and deposit stability.

Singhvi also recommended a buy on L&T Finance Futures with a stop loss at Rs 258 and targets of Rs 266 and Rs 269. The non-banking lender reported retailisation at 98 per cent in Q2 FY26, compared with 96 per cent a year earlier. Retail disbursements stood at Rs 18,850 crore, marking a 25 per cent increase from Rs 15,092 crore in Q2 FY25.

The company’s strong retail momentum and rising disbursement volumes, Singhvi noted, signal sustained growth and improving operational efficiency in its lending business.

On the sell side, Singhvi recommended Avenue Supermarts (D-Mart) with a stop loss at Rs 4,465 and targets of Rs 4,370 and Rs 4,310. The company reported standalone revenue growth of 15.4 per cent in Q2 FY26 to Rs 16,218 crore, slightly below its three-year CAGR of 15.8 per cent.

Singhvi said that despite steady topline expansion, D-Mart’s growth momentum appears to be plateauing, prompting a near-term corrective view on the stock.

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Senior Sub-editor at Zee Business English

shweta.shukla@India.com

Shweta Birendra Shukla is a journalist covering the stock market and corporate affairs, with prior stints at Business ...LATEST NEWSBy accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.