Prabhudas Lilladher suggests buy these 2 stocks as medium term top picks

2 stock to buy According to the recommendation of Prabhudas Lilladher-

Ramco Cements: “Stocks Close After A Nice Consolidation” 700-705 is slowly gaining momentum with a correction in bias moving beyond the 50 EMA level 725 and is currently on the verge of crossing the crucial 200DMA to further strengthen the trend. The Relative Strength Index (RSI) is rising from the oversold zone and is showing strength to signal a buy in the stock. We recommend buying this stock with an upside target Keeping a stop loss of 825 703,” the note said. Established in 1957, Ramco Cements, part of the Ramco Group, is a cement manufacturer headquartered in Chennai.

Crompton Greaves: “The stock has come close from the bottom after a decent correction The 345-348 level which is the support area of ​​the ascending channel pattern and seen with a major pullback has corrected the bias with further upside expectations. The RSI has also indicated a trend reversal from the highly oversold zone and is rising to show buying power in the stock. We recommend buying this stock with an upside target Keeping a stop loss of 422 347,” suggested the brokerage house.

Crompton Greaves is one of the leading consumer companies in India, manufacturing products ranging from fans, light sources and luminaires, and markets its products under the ‘Crompton’ brand name in India and select export markets .

The views and recommendations given above are those of individual analysts or broking companies and not of Mint.