Business Standard

Weekly stock picks by Religare Broking: Buy Aurobindo Pharma, Marico

The chart pattern and positioning of oscillators are pointing towards a sharp up move in Aurobindo Pharma in the near future

stocks, india inc, shares, company, firms, BSE, exchange, earnings, results, profit, loss, dividend payout, tax
Web Exclusive Premium

Ajit Mishra Mumbai
Buy Aurobindo Pharma Limited

Last Close: Rs 879.25

Initiation range: Rs 875-880

Target: Rs 930

Stop loss: Rs 845
 
Aurobindo Pharma has witnessed a fresh breakout from a consolidation range on November 24, with a noticeable rise in the volume. The chart pattern and positioning of oscillators are pointing towards a sharp up move in the near future. We advise creating fresh longs in the given range.

Buy Dr. Reddy's Laboratories Limited

Last Close: Rs 4,915.50

Initiation range: Rs 4,910-4,920

Target: Rs 5,200

Stop loss: Rs 4,770

The pharma pack looks set for a rebound after three months of consolidation. Among

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 25 2020 | 8:04 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com