Stock calls by Religare Broking: Buy M&M Fin Serv, Apollo Hospitals, Bata

Here are the weekly stock recommendations by Religare Broking.

Mahindra & Mahindra Financial Services Limited

Recommendation: Buy

Last Close: Rs 426.60

Initiation range: Rs 418-422

Target: Rs 445

Stop loss: Rs 410

M&MFIN has retraced marginally of late, after swift rebound from the support zone of long term moving averages i.e. 200-EMA (exponential moving average) on the weekly chart. Existence of strong support combined with favourable reading from the oscillators is pointing towards steady rise in near future. We advise creating fresh longs within the given range.

Apollo Hospitals Enterprise Limited

Recommendation: Buy

Last Close: Rs 1,379.95

Initiation range: Rs 1,370-1380

Target: Rs 1,480

Stop loss: Rs 1,330

APOLLOHOSP has surged strongly of late, after spending nearly four months around the support