Market

Top stock recommendations by Sudarshan Sukhani, Mitessh Thakkar, Prakash Gaba for Wednesday

Updated : May 22, 2019 08:41 AM IST

Sudarshan Sukhani - Buy Reliance Industries with a stop loss of Rs 1,320, target at Rs 1,360

Mitessh Thakkar - Buy Bajaj Electricals with a stop loss of Rs 550, target at Rs 580

Prakash Gaba - Buy Prestige Estates with a stop loss of Rs 257, target at Rs 274

The Indian benchmark indices are likely to open flat with a positive bias as investors await the outcome of the Lok Sabha election. Sentiment remains strong as exit polls indicate Prime Minister Narendra Modi-led National Democratic Alliance (NDA) coming back to power with a majority. Meanwhile, the Asian peers were mixed on relief over Washington’s temporary relaxation of curbs against China’s Huawei Technologies.

On Tuesday, the indices ended lower on profit booking dragged by auto and banking stocks. The Sensex closed 383 points lower at 38,970, while Nifty ended 119 points lower at 11,709.

Among stocks, Sudarshan Sukhani was bullish on Titan Company, Reliance Industries, Colgate Palmolive, State Bank of India, and HDFC. Mitessh Thakkar had a 'buy' call on Bharat Electronics, Tata Chemicals, and Bajaj Electricals and 'sell' call on Tata Elxsi. Prakash Gaba was positive on Prestige Estates and Petronet LNG and negative on Hindustan Zinc.

Stock recommendations by top market experts for Wednesday:

Sudarshan Sukhani - s2analytics.com

- Buy Reliance Industries with a stop loss of Rs 1,320, target at Rs 1,360

- Buy Colgate Palmolive with a stop loss of Rs 1,151, target at Rs 1,171

- Buy State Bank of India a with stop loss of Rs 328, target at Rs 352

- Buy Titan Company with a stop loss of Rs 1,238, target at Rs 1,260

- Buy HDFC with a stop loss of Rs 2,080, target at Rs 2,150

Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.

Mitessh Thakkar - mitesshthakkar.com

- Buy Bajaj Electricals with a stop loss of Rs 550, target at Rs 580

- Buy Bharat Electronics with a stop loss of Rs 94, target at Rs 102

- Buy Tata Chemicals with a stop loss of Rs 599, target at Rs 646

- Sell Tata Elxsi with a stop loss of Rs 852, target at Rs 820

Prakash Gaba - prakashgaba.com

- Buy Prestige Estates with a stop loss of Rs 257, target at Rs 274

- Buy Petronet LNG with a stop loss of Rs 236, target at Rs 248

- Sell Hindustan Zinc with a stop loss of Rs 261, target at Rs 248

Disclaimer: CNBCTV18.com advises users to check with certified experts before taking any investment decisions

Also, track all live market action on CNBC-TV18 Market Blog

Top stock recommendations by Sudarshan Sukhani, Mitessh Thakkar, Prakash Gaba for Wednesday

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