Top stock picks by Religare Broking: Buy Muthoot Finance, Havells India

Stock recommendation by Religare Broking

Muthoot Finance
 

Recommendation: Buy 
 

Last Close: 672.80
 

Initiation range: 665-670
 

Target: 710
 

Stop loss: 650
 

After making a record high of late, MUTHOOTFIN has taken a pause and currently consolidating in a range. Considering its chart pattern and overall trend, the recent phase is offering excellent buying opportunity to those who missed the chance earlier. We thus suggest initiating fresh longs as per the recommended levels. 
 

Havells India
 

Recommendation: Buy
 

Last Close: 709.55
 

Initiation range: 705-710
 

Target: 750
 

Stop loss: 690
 

HAVELLS has witnessed decent profit-taking after the sharp rally and retraced close to the support zone of multiple moving