Top stock calls by Religare Broking: Buy Century Textiles, Bata, LIC HFL

Here are the weekly stock recommendations by Religare Broking.

Century Textiles & Industries Limited

Recommendation: Buy

Last Close: Rs 937.65

Initiation range: Rs 934-938

Target: Rs 975

Stop loss: Rs 915

Century Textiles has retraced marginally of late and formed a strong base around the support area of multiple moving averages ribbon on daily chart. The current chart formation combined with positioning of confirmation indicators is pointing towards fresh surge ahead. We advise creating fresh longs within the given range.

Bata India Limited

Recommendation: Buy

Last Close: Rs 1,413.50

Initiation range: Rs 1,405-1,410

Target: Rs 1,480

Stop loss: Rs 1,375

After retesting its support zone around Rs 1,305, the stock has swiftly rebounded of late and is gradually heading towards its record