Stocks to buy: M&M, Federal Bank and Pfizer India on investors' radar
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Benchmark BSE Sensex recovered 147 points in a range-bound trade on Tuesday, ending its five-day slide on the back of buying in financial and FMCG shares. However, Nifty ended flat. Stocks that were in focus include names like M&M, which spiked 2% and Federal Bank, which declined 1.7% and Pfizer India, whose shares dropped 1.2% on Tuesday. Here's what Viral Chheda, Sr Analyst, SSJ Finance & Securities, recommends investors should do with these stocks when the market resumes trading today. M&M For the past 6 months we have stock to move in the range of 2600-3300. After making an all time high around 3270 price has given some correction to test the previous lower level of 2600 and in the past few days given some pull back to trade around 2800 odd levels. On the lower side 2600 is acting as a strong support and we have multiple times stock has given rebound from that level. If this level is breached then further dip can be se...