Stock picks of the day for February 25, 2019

Oberoi Realty: Buy| LTP: Rs 503.10| Target: Rs 570| Stop loss: Rs 464| Upside: 13 percent

The entire reality space has been buzzing since the last couple of weeks on the hope of GST rate reduction for under construction houses. The same is getting reflected in prices too and this stock seems to be a preferred bet within this basket.

Last week, we witnessed a breakout from recent hurdles. The volume activity in the last few days has risen substantially; providing credence to the up move. We recommend going long for a positional target of Rs 570 in coming weeks. The stop loss can be placed at Rs 464. 

Sun TV: Buy| LTP: Rs 585.90| Target: Rs 672| Stop loss: Rs 559| Upside: 15 percent

This stock has undergone a massive price correction in the last thirteen months. This corrective mode finally seems to have arrested around its 78.6 percent retracement of the previous multi-year rally.

This level coincided with other multiple technical pieces of evidence and hence, can be considered as a rock-solid support zone. In the week gone by, the price started rebounding sharply and in the process has managed to give the first sign of revival on charts.

Considering this development, we expect the stock to do well in the near term. Although our near-term target for the existing positions is Rs 615, we expect the stock to give an extended move. Thus, one can look to go long for a target of Rs 672 in coming weeks. The stop loss can be placed at Rs 559.