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Info Edge (India)
Recommendation: Buy
Last Close: Rs 5,760.80
Initiation range: Rs 5,700-5,750
Target: Rs 6,100
Stop loss: Rs 5,550
Info Edge (Naukri) has finally witnessed a breakout from a broader consolidation range of Rs 4,200-5,600 after spending nearly eight months there. The move was accompanied by a noticeable rise in volumes as well, further adding to the confirmation. We thus advise creating fresh longs in the mentioned zone.
SBI Life Insurance Company
Recommendation: Buy
Last Close: Rs 1,160.40
Initiation range: Rs 1,140-1,150
Target: Rs 1,240
Stop loss: Rs 1,100
Among life insurer stocks, SBI Life has been in a steady uptrend since March 2020. It has formed a fresh
