Weekly stock picks by Ajit Mishra of Religare Broking: Buy Dabur, HPCL

In line with other oil marketing stocks, the stock price of Hindustan Petroleum has been witnessing gradual recovery for the last two months

Dabur India Limited
 

Recommendation: Buy 
 

Last Close: 513.85
 

Initiation range: 512-515
 

Target: 542
 

Stop loss: 500
 

We've seen tremendous buying interest in the FMCG majors of late. However Dabur has been consolidating in a range while holding strongly above the support zone of the medium-term moving average (100 EMA) on the daily chart. The chart pattern now indicates the possibility of a steady up move from hereon. We thus suggest initiating fresh longs in the given range
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Havells India Limited
 

Recommendation: Buy

Last Close: 864.80

Initiation range: 858-862

Target: 920

Stop loss: 830

Havells has witnessed a breakout from a