Top stock calls by Religare Broking: Buy Dabur, Aurobindo Pharma

Here are the weekly stock recommendations by Religare Broking

Buy Dabur India Limited

Last Close: Rs 423.75

Initiation range: Rs 415-418

Target: Rs 444

Stop loss: Rs 405

We’re seeing a mixed trend on the fast moving consumer goods (FMCG) front and Dabur is maintaining its positive bias amid volatility. Post breakout from its consolidation range, it has witnessed a marginal dip of late, offering a fresh buying opportunity. We suggest traders using this chance and initiate fresh longs at the given levels.

Buy Aurobindo Pharma Limited

Last Close: Rs 561.75

Initiation range: Rs 560-566

Target: Rs 595

Stop loss: Rs 550

Aurobindo Pharma has retraced considerably after retesting its record high and reached closer to the major support zone