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 Shriram Transport, Indiabulls Housing Finance, Dewan Housing Finance (DHFL), Tech Mahindra, Tata Consultancy Services (TCS), Yes, Bajaj Finance, Bajaj Finserv, L&T Finance, Escorts, HCL Technologies, HDFC, Manappuram Finance, Hindustan Unilever, Piramal Enterprises, Canara Bank, Bank of India, Punjab National Bank, Reliance Industries, Eicher Motors, Voltas.
“Reliance Industries is a sell with a stop of Rs 1,220 and target of Rs 1,190. Eicher Motors is a sell with a stop of Rs 19,400 and target of Rs 19,000. Voltas is a buy with a stop of Rs 534 and target of Rs 560.” Gujral said.
On specific stock ideas, Gujral said, “Canara Bank is a buy with a stop of Rs 248 and target of Rs 264. Bank of India is a buy with a stop of Rs 95 and target of Rs 102. Punjab National Bank is a buy with a stop of Rs 76 and target of Rs 82.”
Stock specific, Gujral said, “HDFC is a sell with a stop of Rs 1,945 and target of Rs 1,900. Manappuram Finance is a sell with a stop of Rs 95 and target of Rs 87. Hindustan Unilever (HUL) is a buy with a stop of Rs 1,745 and target of Rs 1,780.”
Giving some more stock recommendations, Gujral said, “Bajaj Finance is a buy with a stop of Rs 2,460 and target of Rs 2,560. Escorts is a sell with a stop of Rs 638 and target of Rs 620. HCL Technologies is a sell with a stop of Rs 970 and target of Rs 940.”
Speaking about individual stock ideas, Gujral said, “Yesterday one thing became clear that NBFCs are again going to go down the tube. That way Shriram Transport is a sell with a stop of Rs 1,970 and target of Rs 1,925. Indiabulls Housing is a sell with a stop of Rs 710 and target of Rs 685. DHFL is a sell with a stop of Rs 189 and target of Rs 175. Tech Mahindra is a buy with a stop of Rs 730 and target of Rs 755. TCS is a buy with a stop of Rs 1,940 and target of Rs 1,975.”
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