Stock ideas by Ajit Mishra of Religare Broking: Buy Info Edge, Sun Pharma

Indraprastha Gas Limited

Recommendation: Buy

Last Close: Rs 549.95

Initiation range: Rs 545-550

Target: Rs 580

Stop loss: Rs 534

IGL has witnessed a breakout from the consolidation range of Rs 500-545 levels after spending nearly four months there. It has formed a strong base while holding above the support zone of the medium-term moving average (100 EMA) on the daily chart. The recent surge in volumes further adds to the confirmation. We thus recommend accumulating in the mentioned zone.

Info Edge (India) Limited

Recommendation: Buy

Last Close: Rs 4,952.85

Initiation range: Rs 4,900-4,940

Target: Rs 5,200

Stop loss: Rs