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Buy TCS & sell Vedanta and Shriram Transport, says Yogesh Mehta of Motilal Oswal Securities

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.

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.
Stock specific, Gupta recommended a buy on Tata Consultancy Services (TCS).
“IT seems to be little bit stronger. So, buy TCS with a stop loss of Rs 2,115 and target could be in the range of Rs 2,200-2,220,” he said.
“On the sell side, Vedanta yesterday has breached the support level of Rs 165. One can go short keeping a stop loss of Rs 165 in futures segment and target could be in the range of Rs 150. Shriram Transport Finance is near to its one year low of Rs 990 which it has made. Now it is Rs 1,030 and again it seems that Rs 1,050 could be a stop loss for the short side and target in the range of Rs 980-990,” he added.
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