The latest analysis and commentary by stock market guru Ashwani Gujral on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about Punjab National Bank (PNB), Canara Bank, Mahindra and Mahindra (M&M), HCL Technologies, UPL, UltraTech Cement, Infosys, Maruti Suzuki India, Ceat, LIC Housing, Tata Communication, Bharat Forge, Tech Mahindra, Bajaj Auto, Ashok Leyland, Pidilite.
Recommending stock specific ideas, Gujral said, “You can buy into Bajaj Auto with a stop of Rs 2,840 and target of Rs 2,960. Ashok Leyland is a buy with a stop of Rs 80 and target of Rs 92. Pidilite is a buy with a stop of Rs 1,100 and target of Rs 1,155.”
“Tata Communication is a buy with a stop of Rs 557 and target of Rs 580. Bharat Forge is a buy with a stop of Rs 500 and target of Rs 525. Tech Mahindra is a buy with a stop of Rs 825 and target of Rs 850,” he added.
“Ultratech Cement is a buy with a stop of Rs 3,700 and target of Rs 3,810. Ceat is a buy with a stop of Rs 1,070 and target of Rs 1,120. LIC Housing is a buy with a stop of Rs 463 and target of Rs 476,” Gujral said.
“PNB is a sell with a stop of Rs 72 and target of Rs 66. Canara Bank is a sell with a stop of Rs 219, target of Rs 205. Mahindra and Mahindra is a buy with a stop of Rs 638, target of Rs 660,” he said.
“Technology stocks generally don’t tend to get impacted by domestic situations. So in any case technology stocks were strong yesterday. HCL Technologies is a buy with a stop of Rs 1,060, target of Rs 1,120. UPL is a buy with a stop of Rs 847, target of Rs 875. UltraTech Cement is a buy with a stop of Rs 3,700, target of Rs 3,765. Infosys is a buy with a stop of Rs 748, target of Rs 770, Maruti is looking like one of those stocks, which made a low and then retested so this is also a buy with a stop of Rs 6,800, target of Rs 7,200,” he added.
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