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 Indraprastha Gas (IGL), NIIT Technologies, Biocon, Maruti Suzuki, Larsen and Toubro (L&T), Infosys, IndusInd Bank, Federal Bank, CESC, Yes Bank, Balrampur Chini, Mahindra & Mahindra Finance, Hindalco, Aurobindo Pharma, Future Retail, Motherson Sumi, Bank of Bank, Oriental Bank of Commerce, Union Bank of India, Bank of India, Punjab National Bank, and Canara Bank.
Speaking about individual picks Gujral said, "Bank of India is a buy with a stop of Rs 100 target of Rs 112. Punjab National Bank is a buy with a stop of Rs 80 target of Rs 86 and Canara Bank is a buy with a stop of Rs 276 target of Rs 288.
He also said, “Bank of Baroda is a buy with a stop of Rs 119 target of Rs 127. Oriental Bank of Commerce is a buy with a stop of Rs 96 target of Rs 104 and Union Bank of India is a buy with a stop of Rs 90 target of Rs 96.”
Recommending more stock specific ideas, Gujral said, “Hindalco is a buy with a stop of Rs 200 and target of Rs 214. Aurobindo Pharma is a buy with a stop of Rs 770 and target of Rs 795. Future Retail is a buy with a stop of Rs 440 and target of Rs 465.”
Giving some more stock recommendations, Gujral said, “Yes Bank is a buy with a stop of Rs 185 and target of Rs 197. Balrampur Chini is a sell with a stop of Rs 110 and target of Rs 102. Mahindra & Mahindra Finance is a sell with a stop of Rs 446 and target of Rs 430.”
Speaking about individual stock ideas, Gujral said, “NIIT Technologies is a buy with a stop loss of Rs 1,150 and target of Rs 1,185. IGL is a buy with a stop loss of Rs 265 and target of Rs 282. Biocon is a buy with a stop loss of Rs 637 and target of Rs 660. Maruti is a sell with a stop loss of Rs 7,400 and target of Rs 7,050. L&T is a sell with a stop loss of Rs 1,380 and target of Rs 1,345.”
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