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Buy Hero Motocorp & Tech Mahindra, says Gaurav Bissa of LKP Securities

Updated : April 02, 2019 12:09 PM IST

Ashwani Gujral, Sudarshan Sukhani, and Gaurav Bissa of LKP Securities discusses with Prashant Nair and Ekta Batra their readings and outlook on market technical and F&O side of the market as well as specific stocks and sectors. They also answered viewer stock queries.

They also spoke at length on Cummins India, HDFC, Ujjivan Financial Services, Lakshmi Vilas Bank, ICICI Bank, Reliance Infrastructure, Hero Motocorp, and Tech Mahindra.

Sudarshan Sukhani’s stock recommendations are, “Cummins India is a buy, it had a bear market of its own. It is now bottoming out preparing a base and willing to breakout of it, so buy Cummins and buy that big boy the HDFC, the housing finance company. HDFC is outperforming today even as the broad market remains a little soft. So there are two buying ideas and Ujjivan Financial Services is a short sell. It is a short sell only intraday but for the day you can consider going and selling it.

Ashwani Gujral’s stock picks are, “Ujjivan Financial Services is a sell with a stop loss of Rs 125 target of Rs 112. ICICI Bank is a sell with a stop loss of Rs 401 target of Rs 385 and Reliance Infrastructure is a buy with a stop of Rs 138 target of Rs 150.”

Gaurav Bissa’s stock picks are, “First recommendation would be a buy call on Tech Mahindra, the IT space has been relatively stable and Tech Mahindra has seen a smart corrections from levels of Rs 815-820 to levels of Rs 760. It can head towards Rs 810 one can buy it stop loss for this could be Rs 778. Second recommendation is from auto space that would be Hero Motocorp, we have seen strong correction coming in the name, it has now bounced back from the immediate support area of Rs 2,525 or 4 percent long cushion is seen getting built. Short-term base formation is visible on charts. One can keep a stop loss of Rs 2,530-2,540 on the upside Rs 2,670 -2,700 is what I would be looking coming in names.”

Follow stock recommendations by Ashwani Gujral here: https://www.cnbctv18.com/author/ashwani-gujral-115/

Follow stock recommendations by Sudarshan Sukhani here: https://www.cnbctv18.com/author/sudarshan-sukhani-159/

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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