Stock calls by Religare Broking: Buy SBI, Tata Motors DVR, Marico, Escorts

Here are the top trading ideas by Religare Broking.

State Bank of India 

Recommendation: Buy

Last Close: Rs 314.75

Initiation range: Rs 313-316

Target: Rs 335

Stop loss: Rs 305

Unlike other PSU banking majors, State Bank of India (SBIN) has been trading comparatively stronger and holding strong on the multiple time frames. After forming a new 52-week high at Rs 339.65 last month, it has marginally retraced and is currently trading closer to its crucial support zone. Indications are in the favour of fresh surge in near future. We advise traders to initiate fresh long positions in the given range. 

TATA MOTORS DVR 

Recommendation: Buy 

Last Close: Rs 99.15

Initiation range: Rs 98-100

Target: Rs 112

Stop loss: Rs 94

Tata