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 Motherson Sumi, Voltas, Kotak Mahindra Bank, Mindtree, Hexaware, HDFC Bank, Axis Bank, State Bank of India, NIIT Technologies, Tech Mahindra, Tata Elxsi, Hindalco, L&T Finance, Voltas, DHFL, Indiabulls Housing, Pidilite Industries, State Bank of India, Ashok Leyland, Bank of Baroda , KPIT Technologies and Century Textile.
Talking about his ideas, Ashwani Gujral said, "Bank of Baroda is a buy with a stop of Rs 108, target of Rs 120, KPIT Technologies is a buy with a stop of Rs 212, target of Rs 226 and Century Textile is a buy with a stop of Rs 865, target of Rs 890."
He added, " Pidilite Industries is a buy with a stop of Rs 990 target of Rs 1,040, State Bank of India is a buy with a stop of Rs 286 target of Rs 302 and Ashok Leyland is a buy with a stop of Rs 118 target of Rs 136."
Recommending stock specific ideas, Gujral said, “Voltas is a buy with a stop of Rs 548 and target of Rs 570. DHFL is a sell with a stop of Rs 208 and target of Rs 192. Indiabulls Housing is a sell with a stop of Rs 815 and target of Rs 780.”
Giving more stock recommendations, Gujral said, “Tata Elxsi is a buy with a stop of Rs 1,080 and target of Rs 1,120. Hindalco is a buy with a stop of Rs 239 and target of Rs 254. L&T Finance is a buy with a stop of Rs 135 and target of Rs 142.”
Recommending specific stocks, Gujral said, “State Bank of India is a buy with a stop of Rs 285 and target of Rs 301. NIIT Technologies is a buy with a stop of Rs 1,210 and target of Rs 1,265. Tech Mahindra is a buy with a stop of Rs 700 and target of Rs 721.”
Speaking about the individual stock ideas, Gujral said, “Mindtree is a sell with a stop loss of Rs 810 and target of Rs 785. The IT rally is pretty much floundering and probably is over. Hexaware is a sell with a stop loss of Rs 315 and target of Rs 298. Motherson Sumi is a buy with a stop loss of Rs 168 and target of Rs 180. Voltas is a buy with a stop loss of Rs 536 and target of Rs 560. Kotak Mahindra Bank and HDFC Bank which have just started moving on Friday, they could provide some counterweight to the Bank Nifty. So Kotak is a with a stop loss of Rs 1,120 and target of Rs 1,165.”
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