The latest analysis and commentary by stock market guru Amit Gupta of ICICI Direct on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about Manappuram Finance.
“One is Manappuram Finance from the midcap space. In the current series, we have seen almost more than 20 percent addition on the long side. So I think it is gearing up for more upsides now. So we can buy this, look for a target of Rs 160 on the higher side. Another trade that we have is long TCS and short Nifty. If you look at the price ratio of Nifty and TCS, that is giving a breakdown because that was finding a lot of support near 5.3-5.35 and I think it is giving a breakdown. If somebody goes short in Nifty and long in TCS, that trade can give you good money in the coming days. It can be a good trade positionally also,” he said.
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