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 Power Finance Corporation, DCB Bank, Divis Laboratories, Zee Entertainment, Aurobindo Pharma, IndusInd Bank, Interglobe Aviation, Yes Bank, Asian Paints, Bank of India, Axis Bank, Canara Bank, Union Bank, Hindustan Unilever, LIC Housing Finance, ICICI Bank, HDFC, Bharat Electronics, Godfrey Phillips India and YES Bank.
Talking about his stock picks, Ashwani Gujral said, “For the moment LIC Housing Finance is a buy with a stop of Rs 435, target of Rs 460. ICICI Bank is a likely to take a leadership of the Bank Nifty so good time to get in here. This is a buy with a stop of Rs 352 target of Rs 366. HDFC is a buy with a stop of Rs 1,815 target of Rs 1,870.”
Recommending stock specific ideas, Gujral said, “PSU banks is the place where most of the money seems to be going in. So Canara Bank is a buy with a stop of Rs 245 and target of Rs 261. Union Bank is a buy with a stop of Rs 80 and target of Rs 86. Hindustan Unilever is a buy with a stop of Rs 1,650 and target of Rs 1,710.”
Giving more stock recommendations, Gujral said, “Asian Paints looks good. That is a buy with a stop of Rs 1,260 and target of Rs 1,300. PSU banks could have an extended rally. So Bank of India is a buy with a stop of Rs 89 and target of Rs 95. Axis Bank had a sharp rally, couple of days decline. Today it seems to be resuming its rally. So that is a buy with a stop of Rs 610 and look for targets of Rs 635. ”
Recommending specific stocks, Gujral said, “IndusInd Bank has come off the highs but this is the point to get in. The point here is that everybody who had to sell on Yes Bank, IndusInd, etc. has sold. So that way downside is almost fairly low. Given that, we are getting support around Rs 550 thereabouts. This should be a good intraday point to get long on IndusInd Bank. That is a buy with a stop of Rs 1,490 and target of Rs 1,540. Interglobe Aviation is a buy with a stop of Rs 985 and target of Rs 1,020. Yes Bank is a buy with a stop of Rs 215 and target of Rs 231.”
Speaking about the individual stock ideas, Gujral said, “Power Finance Corporation (PFC) is a buy with a stop of Rs 94 and target of Rs 106. DCB Bank is a buy with a stop of Rs 162 and target of Rs 174. Divis Laboratories is a buy with a stop of Rs 1,460 and target of Rs 1,510. Zee Entertainment is a buy with a stop of Rs 444 and target of Rs 462. Aurobindo Pharma is a buy with a stop of Rs 778 and target of Rs 800.”
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