Three stock picks by Ajit Mishra of Religare Broking to bet on

We're seeing recovery in the energy pack and oil marketing companies (OMCs) are also trading in sync with the move. Among these, IOC looks set to move higher

Emami Limited

Recommendation: Buy

Last Close: 590.15

Initiation range: 585-590

Target: 630

Stop loss: 570

The FMCG index has resumed the uptrend after consolidating for nearly one and a half months. Among the stocks, Emami has witnessed a fresh breakout from a consolidation range of 530-580 level today i.e. August 17 with a noticeable surge in volumes. We advise initiating fresh longs in the mentioned zone.

Indian Oil Corporation Limited

Recommendation: Buy

Last Close: 105.70

Initiation range: 105.5-106.5

Target: 112

Stop loss: 103

We’re seeing recovery in the energy pack and oil marketing companies (OMCs) are also trading in sync with the