Havells India is displaying signs of breaking out of a prolonged consolidation period. The stock has given a breakout of the symmetrical triangle pattern.
Havells, Voltas, Symphony: Many white goods companies such as air conditioner maker Voltas Ltd or cooler maker Symphony, fan and cooler maker Havells India and maker of refrigerators Whirlpool of India rely on summer sales.
IIFL downgraded Sanofi India to Reduce from ADD earlier with a target price of Rs 8,125. The stock continues to underperform domestic market growth. New launches remain limited and muted volume growth is seen in the top 3 therapies.
On the daily chart, Bank of Baroda has started trading sideways and is giving no clear trend. However, the stock is outperforming the benchmark indices.
Stocks to buy today: Stock brokerages recently came out with research reports on select stocks namely Hindustan Unilever (HUL), Camlin Fine Science, Havells India and Tata Chemicals. All these four stocks have received ‘Buy’ ratings from individual brokerages. These brokerages see an up to 30% upside on the counters. Find out more about it in this Business Today Visual Story.