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Stock calls by Religare Broking: Buy HUL, Raymond, India Cements & RBL Bank

Here are the weekly stock recommendations by Religare Broking

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Religare Broking Mumbai
Hindustan Unilever Limited

Recommendation: Buy

Last Close: Rs 1,776.90

Initiation range: Rs 1,765-1,775

Target: Rs 1,860

Stop loss: Rs 1,725

Mostly, FMCG counters are witnessing consolidation and Hindustan Unilever is no different. After hovering in a range for nearly two months, it’s likely to resume the uptrend in near future. The existence of multiple moving averages combined with favourable market trend is adding to the positivity. We advise accumulating in the given range.

Raymond Limited

Recommendation: Buy

Last Close: Rs 850.25

Initiation range: Rs 835-840

Target: Rs 900

Stop loss: Rs 815

Post breakout from its consolidation range, Raymond has taken a pause of late, offering fresh buying opportunity for those who had

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First Published: May 29 2019 | 8:24 AM IST

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