MediumNeutral
Announced Mon, 22 Jun · 06:00 IST

Raja Venkatraman recommends three stocks for 22 June

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Indian equities paused after a five-session rally with the Sensex falling 607 points and Nifty slipping 155 points, driven by sharp selling in IT stocks following Accenture's cautious outlook that dragged Infosys, TCS, Tech Mahindra and HCL Tech. Despite the near-term setback, the broader trend is described as constructive, with a buy-on-dips strategy recommended. Analyst Raja Venkatraman has recommended three stocks: THELEELA (Leela Palaces) with a buy level above 495 and target of 550, PIRAMALFIN (Piramal Finance) with a buy above 2155 and target of 2265, and JBMA (JBM Auto) with a buy above 730 and target of 805, all over a two-month horizon.