Stocks to buy, Nov. 5 -- Domestic brokerage firm Choice Institutional Equities, in its latest note, has initiated coverage on the recently listed Shringar House of Mangalsutra and Shanti Gold International with 'buy' ratings, citing a steady shift by consumers toward the organised jewellery market.

It believes that both companies are well-positioned to capitalise on the ongoing structural shift from the unorganised to the organised jewellery segment, supported by expanding retail networks, growing manufacturing capabilities, and increased consumer preference for certified jewellery.

The brokerage has set a target price of Rs.295 for Shringar House of Mangalsutra, indicating an upside potential of 29% from the stock's recent closing pric...