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 Raymond, Asian Paints, Yes Bank, Hindustan Petroleum Corporation Ltd (HPCL), Ultratech Cement, Edelweiss Financial Services, Havells India, IndusInd Bank, Yes Bank, Reliance Industries Ltd (RIL), Rural Electrification Corporation (REC), HDFC and NIIT Technologies, Zee Entertainment, Century Textile and Industries, and VIP Industries.
"Zee Entertainment is a sell with a stop at Rs 421 target of Rs 406. Century Textile is a sell with a stop of Rs 860 target of Rs 840. VIP Industries is a buy with a stop of Rs 480 target of Rs 505."
“Raymond is a sell with a stop of Rs 800, target of Rs 775. Asian Paints is a sell with a stop of Rs 1,400, target of Rs 1,350. Yes Bank is a buy with a stop of Rs 225, target of Rs 240,” he said.
“HPCL is a buy with a stop of Rs 242, target of Rs 257. Ultratech Cement is a sell with a stop of Rs 3,700, target of Rs 3,550 and HDFC is a buy with a stop of Rs 1,675, target of Rs 2,030,” he added.
“Edelweiss is a buy with a stop of Rs 159, target of Rs 174. Havells is a buy with a stop of Rs 708, target of Rs 730 and IndusInd Bank is a buy with a stop of Rs 1,495, target of Rs 1,540,” said Gujral.
“Yes Bank is a buy with a stop of Rs 208, target of Rs 224. Yesterday’s big bar tells you that there is a bottom in Yes Bank. As long as the low of yesterday’s bar which is Rs 185 holds on, I think Yes Bank is a buy on all declines. So try to buy whatever decline happens today. Chances are in the next couple of days, you will have resumption of the rally. RIL is a buy with a stop of Rs 1,235, target of Rs 1,285. REC is a buy with a stop of Rs 118, target of Rs 130. HDFC is a buy with a stop of Rs 1,960, target of Rs 2,000 and NIIT Tech is a buy with a stop of Rs 1,285, target of Rs 1,340,” he further mentioned.
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