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Prakash Gaba on December 28: Buy Aurobindo Pharma, & Page Industries

Updated : December 28, 2018 13:00:57 IST

The latest analysis and commentary by stock market guru Prakash Gaba on what is moving the markets today.

He shared his views and readings Bajaj Auto, Tech Mahindra, Hero Motocorp, Mahindra & Mahindra Financial Services, Indiabulls Housing Finance, Hindalco, Gail, NBCC, Aurobindo Pharma, Page Industries.

Stock specific, Gaba said, “I have two stocks. I think Aurobindo Pharma is looking good. We can see an up move here in the next couple of days to target around Rs 740 zones, stop below Rs 710 should be good. Page Industries is showing some traction. Targets on the upside, Rs 26,000. Give some time, it will rise. Stop below Rs 24,000.”

Talking about buy calls, he said, “Bajaj Auto looks like it is heading to levels closer to Rs 2,800 zone, stop below Rs 2,700 should be okay. I like Tech Mahindra from the IT pack. It has seen a good up move yesterday and day before; up move should continue. The technical targets on the upside is Rs 720-725 zone and stop below Rs 700.”

On short call front, Gaba said, “I would go with Hero Motor. There is more of an exertion pattern here perhaps we could see a slide to levels closer to Rs 3,060 – that is a strong support zone to work with if it comes down, stop above Rs 3,180.”

“Mahindra & Mahindra Financial has run up too much and so more of an exertion pattern here. If it slides down then possible target would be around Rs 440 zone, stop above Rs 475,” he added.

Talking further about stocks, he said, “I like Indiabulls Housing Finance from a longer term perspective. It is heading to levels perhaps closer to about Rs 940-950 zone and a stop below Rs 800.”

“Hindalco is looking good. It can see a climb to around Rs 225-230 zone and a stop below Rs 220 should be fine. I also like Gail. It looks like it should be heading up. The targets that I have is closer to Rs 368 or so,” he added.

“I like NBCC and looks like it is heading to levels closer to Rs 60-65 zone,” he further added.

Follow stock recommendations by Prakash Gaba here: https://www.cnbctv18.com/author/prakash-gaba-117/

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
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