Weekly stock picks by Religare Broking: Buy Bajaj Finance, Maruti Suzuki

The auto pack is largely trading in tandem with the benchmark and most stocks have recovered to their pre-Covid levels

Bajaj Finance Limited
 

Recommendation: Buy 

Last Close: Rs 3,453.25
 

Initiation range: Rs 3,435-3,445
 

Target: Rs 3,800
 

Stop loss: Rs 3,250
 

We've witnessed decent traction in the financial counters of late and Bajaj Finance is now catching up with the trend. It has witnessed a breakout on October 27 from the corrective phase, after spending nearly two months. We advise using any dip to create fresh longs in the given range.
 

Colgate Palmolive (India) Limited
 

Recommendation: Buy
 

Last Close: Rs 1,542.55
 

Initiation range: Rs 1,525-1,535
 

Target: Rs 1,630
 

Stop loss: Rs 1,480
 

The FMCG pack is set for a surge after