The latest analysis and commentary by stock market guru VK Sharma, head of business, private client group at HDFC Securities on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about Havells India, Power Finance Corporation (PFC) and ICICI Bank.
“We look at the consumer durables. We have seen Havells, Voltas, another companies also do well. I have picked up Havells from there and I am buying the 800 Call at Rs 15, with a stop loss at Rs 10 and a target of around Rs 25. I am also looking at two other finance stocks. One is PFC which has consistently moved up slightly bit by bit every day. So I am buying the 135 Call here at around Rs 4.3, stop loss at Rs 3, target of around Rs 7. Highest conviction is in ICICI Bank which after a rise to a level of Rs 440 odd has slide down level and I am buying the 420 Call at around Rs 9, stop loss at Rs 6 and target of around Rs 15. If I have to choose one, I will choose ICICI Bank,” he said.Disclaimer:
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