NIFTY 50

Buy Indraprastha Gas & sell Dewan Housing Finance, says stock expert Rahul Mohindar

Updated : May 31, 2019 01:09 PM IST

The latest analysis and commentary by stock market guru Rahul Mohindar of viratechindia.com on what is moving the markets today. Check out his top stock recommendations.

He spoke at length about Indraprastha Gas and Dewan Housing Finance.

Stock specific, Mohindar said, “On the buy side of things, I still like Indraprastha Gas (IGL). This is a stock which is definitely a long term buy. However, I am giving a short term call; with a stop loss of Rs 329 I would use any kind of drop like today to enter in. Rs 343 is its immediate target. For those who are looking at this stock from a medium to long term, we definitely think it is worthy of Rs 400-420 kind of a target. So, short term that could be a buy. On the sell side, we identify that Dewan Housing Finance (DHFL) is breaking key levels, particularly if today’s weekly close is below Rs 113. We are going to be looking at much newer lows. So, we would set the target closer to the previous low of Rs 97 with a stop loss of Rs 122.”

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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