Priya Patel
TLDR:
- Anand Rathi has recommended buying M&M Finance and Suraj Estate Developers stocks for potential upside.
- M&M Finance showing high volume breakout with a range breakout above ₹280-285 level.
The stock broking firm Anand Rathi has selected Mahindra & Mahindra Financial Services and Suraj Estate Developers as their top stock picks for the month. These stocks have been identified for their potential to deliver a decent upside over a one-month time horizon. M&M Financial Services has shown a high volume breakout on a weekly chart with a range breakout above ₹280-285 level. The brokerage firm advises traders to go long in the stock with a target price of ₹333 and a stop loss of ₹265, implying a potential upside of over 13% from the current market price. The other pick, Suraj Estate Developers, has experienced a significant correction and is currently positioned above the William Alligator indicator, indicating a positive trend. Traders and investors are advised to consider long positions in this stock within the range of ₹340-350, with a target price of ₹396 and a stop-loss set at ₹318 on a daily close basis.
