Raja Venkatraman recommends three stocks for 15 October
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Raja Venkatraman recommended three stocks for 15 October, highlighting FirstCry as a potential buy.
- ✓The stock shows signs of a double bottom, suggesting a possible upmove.
- ✓Investors should watch for a buy above ₹183 with a target of ₹201.
Story at a Glance
- Category
- MARKET
- Reported By
- Livemint
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Why it’s recommended: FirstCry (legally known as Brainbees Solutions Limited) is India's largest omnichannel retail platform for mothers, babies, and kids' products. There has been steady decline since last one year. However, as the markets are now showing some signs of revival the stock is also bottoming out making a double bottom. A small hint at a potential upmove that could unfold in the coming days. Look for initiating a buy.
Key metrics:
P/E Ratio : 74.55,
52-week high: ₹369.65,
Volume: 1.92M.
Technical analysis: Support at ₹1020, resistance at ₹1300.
Risk factors: State-Controlled Pricing & Taxation and input cost pressure.
Buy : above ₹183
Stop loss: ₹175
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