3 stock ideas by Osho Krishan of Anand Rathi: Buy Havells, Ipca Labs

Motherson Sumi's stock has seen some buying interest in the past trading sessions and settled well above all its major moving averages on the daily time frame

BUY HAVELLS INDIA | TARGET: Rs 1,050 | STOP LOSS: Rs 954

The stock has provided an early sign of reversal from its ongoing downtrend near its crucial support levels. Historically, Rs 970-980 has acted as a strong demand zone for the counter. On the oscillator front, 14-period RSI has seen a positive crossover in the last trading session from the oversold region, affirming momentum in the trend reversal for the counter. Hence, accumulation could be done in the counter at current levels from a short-term perspective.

BUY IPCA LABORATORIES | TARGET: Rs 2,180 | STOP LOSS: Rs 1,920

The stock is hovering