Fundamental and Technical Stock Picks: How to trade Infosys, IEX, ICICI Bank, BHEL, other shares making headlines

With the earnings season now in its last leg, a number of stocks are gaining investor attention on Dalal Street. Domestic equity benchmarks have staged rangebound moves in the first three trading sessions of June, thanks to wild swings in IT stocks, persistent FII outflows and mixed global cues. The Sensex has broadly gyrated within the 73,500-75,400 band, with the Nifty50 seesawing between 23,152.9 and 23,733.7. All eyes are now on the outcome of the RBI's monetary policy review, due on June 5, with analysts waiting the central bank's commentary on the West Asia crisis.

In May, the Nifty50 lost 449.8 points, or 1.9 per cent, while the Sensex lost 2,137.8 points, or 2.8 per cent. Some experts believe it will take multiple positive triggers at the current juncture for the headline gauges to escape the rangebound trend. Zee Business analysts Ansh Jogendra Bhilwar and Pooja Tripathi have studied more than a dozen stocks and prepared a list of picks across cash, derivatives, short-term (day trading and positional) and long-term (investment) themes.

On their radar are stocks like Bank of India, Shaily Engineering Plastics, Poonawalla Fincorp, JBM Auto and Kotak Mahindra Bank.

Stocks to trade in cash | Shaily Engineering Plastics, JBM Auto

Bhilwar suggests buying Shaily Engineering shares in the spot market for a target price of Rs 3,258 with a stop loss at Rs 2,977.

Tripathi has a 'buy' call on JBM Auto shares in the cash segment for a target of Rs 690 with a stop loss at Rs 662.

Stocks to trade in futures | IEX, DMart

Bhilwar suggests buying Avenue Supermarts (DMart) futures for a target price of Rs 4,313 with a stop loss at Rs 4,161.

Tripathi recommends buying IEX futures for a target of Rs 130 with a stop loss at Rs 120.

Options trading stock picks | Bank of India, Grasim

Bhilwar suggests buying the 140 call option in Bank of India for a target of Rs 9.5 with a stop loss at Rs 4.

Tripathi recommends buying the 3100 call option in Grasim Industries at Rs 79 for a target of Rs 180 with a stop loss at Rs 120.

Technical picks

Bhilwar has a 'buy' call on Mankind shares for a target of Rs 2,585 with a stop loss at Rs 2,263.

Tripathi suggests selling Infosys shares for a target of Rs 1,190 with a stop loss at Rs 1,235.

Fundamental stock picks

Bhilwar suggests buying Poonawalla Fincorp shares for a target price of Rs 440 with a stop loss at Rs 379.

Tripathi suggests buying the Kotak Mahindra Bank stock for a six-month target of Rs 400.

Investment picks | ICICI Bank, Olectra Greentech

Bhilwar suggests buying ICICI Bank shares for a target of Rs 1,373 with a stop loss at Rs 1,180.

Tripathi recommends buying Olectra shares for a one-year target of Rs 1,410.

Stocks making headlines | Cochin Shipyard, Vijaya Diagnostics

Bhilwar has a 'buy' call on BHEL shares for a target of Rs 424 with a stop loss at Rs 398.

Tripathi suggests buying Lodha Developers shares for a target of Rs 898 with a stop loss at Rs 870.

Special stock picks

Ansh Jogendra Bhilwar:

• Buy PFC shares for a target of Rs 430 with a stop loss at Rs 411
• Buy Aurobindo Pharma shares for a target of Rs 1,526 with a stop loss at Rs 1,403
• Buy Jindal Steel shares for a target of Rs 1,248 with a stop loss at Rs 1,194

Pooja Tripathi:

• Buy Hero MotoCorp shares for a target of Rs 4,936 with a stop loss at Rs 4.792

• Buy Suzlon shares for a target of Rs 56 with a stop loss at Rs 52

• Sell Wipro shares for a Rs 177 target with a stop loss at Rs 187