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Weekly stock picks by Religare Broking: Buy Bajaj Finance, Maruti Suzuki

The auto pack is largely trading in tandem with the benchmark and most stocks have recovered to their pre-Covid levels

We've witnessed decent traction in the financial counters of late and Bajaj Finance is now catching up with the trend
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We've witnessed decent traction in the financial counters of late and Bajaj Finance is now catching up with the trend

Ajit Mishra Mumbai
Bajaj Finance Limited
 
Recommendation: Buy 

Last Close: Rs 3,453.25
 
Initiation range: Rs 3,435-3,445
 
Target: Rs 3,800
 
Stop loss: Rs 3,250
 
We've witnessed decent traction in the financial counters of late and Bajaj Finance is now catching up with the trend. It has witnessed a breakout on October 27 from the corrective phase, after spending nearly two months. We advise using any dip to create fresh longs in the given range.
 
Colgate Palmolive (India) Limited
 
Recommendation: Buy
 
Last Close: Rs 1,542.55
 
Initiation range: Rs 1,525-1,535
 
Target: Rs 1,630
 
Stop loss: Rs 1,480
 
The FMCG pack is set for a surge after

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First Published: Oct 28 2020 | 7:57 AM IST

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