Raja Venkatraman recommends three stocks for 14 July

Analyst Raja Venkatraman of NeoTrader recommends buying Shyam Metalics (SHYAMMETL) above Rs 1030 with a target of Rs 1125, citing a breakout from consolidation. Mphasis (MPHASIS) is recommended above Rs 2400 targeting Rs 2625 on signs of bottoming out in IT names, and Emami (EMAMILTD) is recommended above Rs 430 targeting Rs 475 on FMCG recovery signs. Separately, the Sensex closed 47 points higher at 77,616 and the Nifty added 4 points at 24,211, led by IT and private bank gains.