Amid the strong recovery in the Indian stock markets, domestic brokerage firm Master Capital Services has suggested three stocks below Rs 200 price tag for up to 25 per cent returns for the investors. A couple of these stocks are from consumption theme, while the remaining one is a PSU metal counter. Check out key details about these stocks including target prices and stop losses:
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Lemon Tree Hotels | Buy at Rs 164 & Rs 146 | Target Price: Rs 198-204 | Stop Loss: Rs 137
After breaking out of the upper range value of the ascending triangle, prices are currently retesting the previous breakout zone, showing price stability and healthy consolidation after a strong rally. The stock continues to trade above the 21-week and 55-week EMAs, indicating sustained bullish momentum and