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03 December, 2023 15:56 IST
2 stock trading ideas by Motilal Oswal
Source: IRIS | 25 Feb, 2021, 01.34PM
Rating: NAN / 5 stars.
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   Motilal Oswal Financial Services has recommended two stock trading ideas in its research report. Following are the stocks:

1. Grasim Industries - Buy
CMP - 1,250
Stop-loss -1,225
Target price - Rs 1,300
Duration -2-3 days

"Grasim closed in positive territory from last ten consecutive months and hovering around its all-time high. It is coming out from its consolidation phase of last seven trading sessions. RSI oscillator is moving northwards in both daily and weekly chart, indicating strength in the counter. Looking at current chart structure, we advise traders to buy the stock for an up move towards 1,300 with stop-loss of 1,225."

2. Max Financial Services - Buy
CMP - 853
Target price -1,000

"IRDAI has given its formal nod to AXSB and its subsidiaries' - Axis Capital and Axis Securities - acquisition of up to 12% stake in MAXLIFE. This clears the long awaited overhang on the AXSB-MAXLIFE deal and paves the way for a long-term strategic partnership between the two entities. We expect the re-rating to continue, given MAXLIFE's strong business performance. We maintain our Buy rating with a revised TP of Rs 1,000 per share."

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