The latest analysis and commentary by stock market guru Ashwani Gujral on what is moving the markets today.
He also spoke at length on BEML, Bharat Electronics (BEL), Century Textile and Industries, Ceat, PVR, Ceat, NIIT Technologies, Interglobe Aviation, Raymond, Bharat Forge, M&M Finance, Kotak Mahindra Bank, Infosys, Tata Steel, India Cement, Jet Airways, Titan.
Recommending stock specific ideas, Gujral said, “India Cement is a sell with a stop of Rs 94 and target of Rs 82. Jet Airways is a sell with a stop of Rs 248 and target of Rs 232. Titan is a buy with a stop of Rs 880 and target of Rs 905.”
Recommending his stocks Ashwani Gujral said, "Kotak Mahindra Bank is a buy with a stop of Rs 1,140 target of Rs 1,175, Tata Steel is a buy with a stop of Rs 580, target of Rs 605 and Infosys is a buy with a stop of Rs 665 target of Rs 690.”
He also said, “Bharat Forge looks like it is bottoming out, this is a buy with a stop of Rs 580 target of Rs 605. Raymond is a buy with a stop of Rs 765 target of Rs 820. Mahindra & Mahindra Financial Services is a buy with a stop of Rs 435, target of Rs 452.”
Talking about his stock recommendations, Ashwani Gujral said, "NIIT Technologies look like a strong buy because the markets come off, but IT Index hasn’t so there is a relative strength there. This is a buy with a stop of Rs 1,150 target of Rs 1,175. Ceat which did very well on Friday is letting off some steam so that is a sell with a stop of Rs 1,240 target of Rs 1,185. Interglobe Aviation is a sell with a stop of Rs 962, target of Rs 930.”
Speaking about his stock picks, Ashwani Gujral said, “BEL is a buy with a stop of Rs 96 target of Rs 104. BEML is a buy with a stop of Rs 724, target of Rs 750. Century Textile has bottomed so that is a buy with a stop of Rs 885 target of Rs 910. Ceat is a buy with a stop at Rs 1,215 target of Rs 1,265. Finally PVR that is a buy with a stop of Rs 1,430 target of Rs 1,480.”
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