Alkem Labs is a stock to consider. It has recently broken out and is trading at all-time highs. Given the sustained buying interest and long build-up in the derivative data, Alkem Labs may continue to rise. The target is around 6,000 to 6,050, with a stop loss at 5,720.
Mutual funds bought Rs 45,400 crore worth of stocks in July, with State Bank of India emerging as the top pick at Rs 10,200 crore.
Prime Minister Narendra Modi’s Independence Day GST reform announcement is seen as a game-changer, with brokerages projecting a Rs 2.4 lakh crore demand boost and
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