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 BEML, Manappuram Finance, Reliance Industries Ltd (RIL), Tata Consultancy Services (TCS), Axis Bank, L&T Finance, IndusInd Bank, ICICI Bank, Punjab National Bank, Indiabulls Housing, IDFC, Union Bank, Bank of India, Yes Bank, Canara Bank, State Bank of India, HDFC Bank, NIIT Technologies, Interglobe Aviation, and IndusInd Bank.
“Interglobe Aviation is a buy with at about Rs 1,120 and look for targets of Rs 1,155. NIIT Technologies is a buy with a stop of Rs 1,200 target of Rs 1,245 and IndusInd Bank is a buy with a stop of Rs 1,510 target of Rs 1,560.
“Buy Canara Bank with a stop of Rs 274 target of Rs 288. State Bank of India is a buy with a stop of Rs 300 target of Rs 315 and HDFC Bank is a buy with a stop of Rs 2,100 target of Rs 2,150.”
“IDFC is a buy with a stop of Rs 46 and target of Rs 52. Union Bank is a buy with a stop of Rs 94 and target of Rs 101. Bank of India is a buy with a stop of Rs 103 and target of Rs 110," he said.
“ICICI Bank is a buy with a stop of Rs 375 and target of Rs 392. Punjab National Bank (PNB) is a buy with a stop of Rs 83 and target of Rs 90. Indiabulls Housing Finance is a buy with a stop of Rs 827 and target of Rs 850,” Gujral said.
“BEML is a buy with a stop of Rs 900 and target of Rs 935. Manappuram is a buy with a stop of Rs 96 and target of Rs 104. Piramal Enterprise is a buy with a stop of Rs 2,300 and target of Rs 2,450. Reliance Industries is a buy with a stop of Rs 1,120 and target of Rs 1,150. It moved yesterday, but it can move much more. Tata Consultancy Services (TCS) tested recent lows and then came back very strongly. So, again, with the IT move, I think this could see a bit of recovery. So this is a buy with a stop of Rs 1,850 and look for targets of Rs 1,900,” he said.
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