Top stock recommendations by Anand Rathi: Buy Divis Labs, Godfrey Phillips

Stock calls by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers

NIFTY: BUY

TARGET: 11,750

STOP LOSS: 10,350

Nifty closed in the negative territory in the last trading session, however, the consolidation continues as it has been falling in a downward sloping parallel channel and till it doesn’t provide a breakout from the same, the sideways movement will continue. The range for the Index currently is 11,613-11,350 and it is likely to provide a breakout on the upside.

DIVIS LABS: BUY

TARGET: Rs 1,770

STOP LOSS: Rs 1,619

The stock has provided a breakout from the downtrend line resistance and with that it seems to have completed wave 4 consolidations.