The latest analysis and commentary by stock market guru Prakash Gaba of prakashgaba.com on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about Bharat Electronics, Colgate, HDFC Bank, Maruti Suzuki, Zee Entertainment, Coal India, M&M Finance, Equitas, Ujjivan, Jindal Steel and Power, Mahindra and Mahindra, Dr. Reddys, Bata, Godrej Industries, L&T Finance Holdings.
“I like Godrej Industries that is certainly looking good, looks like Godrej Industries has seen a good up move, it can climb to around Rs 500 zones stop below Rs 460 on Godrej Industries should be fine. I also like L&T Finance, a gap up open, it is still holding on. I think it is heading to levels closer to Rs 135 stop loss below Rs 122.”
"Jindal Steel and Power (JSPL) certainly looks good to me. It looks like the way it is trading, it can continue its journey up. Target on the upside is Rs 177-180 zones. I think it is going there, only thing is we need to have deeper stop below Rs 160 and trade long. I also happen to like Mahindra and Mahindra (M&M). It saw a massive up move. This momentum should continue up. On the upside, target Rs 680, stop below Rs 640," he said.
“I have Bharat Electronics (BEL). A fresh move has started here; possibly we will see levels closer to Rs 95 or even Rs 100 is possible in days to come. Stop below Rs 90 is a safe bet here. Colgate is another stock that looks good. Again a fresh up move here, target on the upside Rs 1,160 plus zones, stop below Rs 1,131. HDFC Bank is a strong stock – a consolidation, breakout, target on the upside Rs 2,380 plus, stop below Rs 2,340. Maruti Suzuki looks like it should go up from here. Target on the upside Rs 7,000, stop below Rs 6,635,” Gaba added.
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