Religare Broking has issued a recommendation to buy Muthoot Finance and sell Titan in June futures, as per a recent report from Business Standard.
This recommendation is based on the brokerage firm’s analysis of market trends and the performance of these stocks. Muthoot Finance, a leading gold loan finance company, has been performing well in recent times.
The company’s robust business model and consistent returns to shareholders have made it an attractive investment option. The stock has given a positive return of +40.82% over the past three years and a negative return of -21.36% over the past one year, as of April 23, 2023.
On the other hand, Titan, a leading jewelry and watch manufacturer, has been facing challenges in recent times. The company’s sales have been impacted by the ongoing economic downturn and the rise of e-commerce in the jewelry sector.
Titan’s stock has been under pressure, and the brokerage firm recommends selling it in June futures. Religare Broking’s recommendation is based on the technical analysis of these stocks.
The brokerage firm uses various tools and indicators to identify trends and patterns in the market. In the case of Muthoot Finance, the firm sees a strong upward trend, making it a good buy.
For Titan, the firm sees a downward trend, making it a good sell.Investors can follow these recommendations to make informed investment decisions.
However, it is essential to remember that the stock market is inherently volatile, and even the best recommendations can be affected by various factors.
It is crucial to do thorough research and consider multiple perspectives before making any investment decisions. Overall, Religare Broking’s recommendation to buy Muthoot Finance and sell Titan in June futures is based on the firm’s technical analysis and market trends.
Investors who follow these recommendations can potentially benefit from the performance of these stocks in the coming months.