Pick of the week: SJVN, Tata Motors among analysts top technical picks for the week
Indian equities in Monday's trade traded with weakness amid losses in their Asian peers. In view of the technicals of the stock, analysts recommended scrips across sectors ranging from auto to energy among others.
Pick of the week: Tata Motors
Analyst Mehul Kothari- AVP - Technical Research, Anand Rathi Shares & Stock Brokers has recommended to buy Tata Motors at around Rs 815.
Pick of the week: Tata Motors target price
He has recommended the stock with a target of Rs 850/880 keeping a stop loss of Rs 785. The said target implies an upside of nearly 8 per cent from the previous closing levels.
Pick of the week: PG Electroplast
Citing a good technical structure, Rakesh Bansal of Rakesh Bansal Ventures has recommended to buy consumer electronics stock.
Pick of the week: PG Electroplast target
The analyst has recommended to buy the stock for a target of Rs 850, keeping a stop loss of Rs 790. From the previous day's close, the said target implies an upside of over 4 per cent.
Pick of the week: SJVN
The energy stock is recommended by Kunal Sarogi- SEBI Registered research analyst. The stock of late has shown a breakout and is part of the F&O.
Pick of the week: SJVN target
For the stock, the analyst has recommended an evental target of Rs 130 for the week and initial target of Rs 125, which investors and traders can add to their kitty-keeping a stop loss of Rs 117.
Pick of the week: Axis Bank
Sandeep Jain of Tradeswift has recommended a buy on the private sector lender.
Pick of the week: Axis Bank target
The stock is a buy for a target of Rs 1,220 and the stop loss recommended for the trade is Rs 1,170.