Top stock calls by Religare Broking: Buy Engineers India, Power Grid Corp

Here are the weekly stock recommendations by Religare Broking.

Britannia Industries
 

Recommendation: Buy July Futures
 

Last Close:  Rs 2787.80
 

Initiation range: Rs 2775-2780
 

Target: Rs 2875
 

Stop loss: Rs 2730
 

The share has retraced considerably from its record high and has found support around the medium term moving average (100 EMA) on the weekly chart. After spending nearly a week around that zone, it looks all set for a rebound. We advise accumulating fresh longs in the mentioned zone.
 

Engineers India
 

Recommendation: Buy 
 

Last Close: Rs 120.45
 

Initiation range: Rs 119-122
 

Target: Rs 132
 

Stop loss: Rs 116
 

After a decent correction from the record high, the scrip has