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3 hot stock picks from Motilal Oswal Securities

Mahindra & Mahindra; Mahindra, Bajaj Finance, Axis Bank are on the radar of Motilal Oswal Securities

May 24, 2017 / 10:51 IST
     
     
    26 Aug, 2025 12:21
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    Motilal Oswal Securities Ltd recommends the following stocks:

    MAHINDRA & MAHINDRA

    Reco: BUY

    Last Close: 1331

    Stop Loss : 1295

    Target : 1350

    It formed a bullish harami pattern with the support at previous lows of around 1300. This makes it a potential candidate for a reversal and a bounce after the recent decline. Most of the auto stocks were witnessing buying interest and it can lend positive sentiment to the stock. Thus recommending a buy on a small decline near to 1315, with a stop below 1295 for a potential upside target of 1350.

    M&M Motilal BAJAJ FINANCE

    Reco: SELL

    Last Close: 1234

    Stop Loss : 1254

    Target : 1195

    It has broken a major support trend line and has been making lower highs – lower lows from last four trading sessions.

    Bajaj Finance Motilal Option Strategy

    AXIS BANK : RATIO BULL CALL SPREAD

    Buy 1 lot AXIS BANK 500 CE 25 May 2017 @ 5.10

    Sell 2 lot AXIS BANK 510 CE 25 May 2017 @ 2.05

    Target / Reward: 10800

    SL/ Risk: 1200

    Rationale:

    Axis Bank has been holding near to 500 and forming the higher weekly lows

    Maximum Put OI at 500 strike suggests hold of the support while intact Call writing at 520 would restrict its upside.

    Indicating positive to range bound move this Ratio Bull Call Spread is recommended

    first published: May 24, 2017 10:51 am

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