Ruchit Jain, Vice President of Equity Technical Research at Wealth Management, Motilal Oswal Financial Services Ltd, has provided his recommendations for three stocks, SBI Life Insurance Company Ltd., TVS Motor Company Ltd., and Marico Ltd.
Ruchit Jain recommends buying SBI Life Insurance with a stop loss at Rs 1,810 and a target price of Rs 1,900. SBI Life Insurance Company, founded in 2001, is a leading life insurance provider in India. It operates as a joint venture between State Bank of India (SBI) and BNP Paribas Cardif. The company offers a range of life insurance products, including term life, unit-linked insurance plans, and endowment policies
For TVS Motor, Jain suggests a 'buy' with a stop loss at Rs 2,800 and a target price of Rs 2,930. TVS Motor Company, headquartered in Chennai, is the third-largest motorcycle manufacturer in India by revenue.
Founded in 1911, TVS Motor produces a wide range of two-wheelers and three-wheelers and has a significant export presence in over 60 countries.
Jain also recommends buying Marico with a stop loss at Rs 692 and a target price of Rs 722. Marico Limited, established in 1990, is an Indian multinational consumer goods company headquartered in Mumbai
Marico operates in the health, beauty, and wellness sectors, offering products such as hair care, skin care, and edible oils. The company has a presence in over 25 countries across Asia and Africa and is known for its popular brands like Parachute and Saffola.
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