The latest analysis and commentary by stock market gurus Sudarshan Sukhani of s2analytics.com, Ashwani Gujral of ashwanigujral.com, and CA Rudramurthy BV of Vachana Investments on what is moving the markets today. Check out their top stock recommendations.
They spoke at length about Larsen and Toubro, Havells, M&M Financial, Tata Motors, Infibeam, Ujjivan, Manappuram, Mahindra and Mahindra, South Indian Bank, Reliance Industries, Bajaj Finance, HDFC Bank.
Sukhani recommended buying Larsen and Toubro, Havells and selling M&M Financial. He said, “Larsen and Toubro (L&T) is a buying opportunity. That stock had a sedate run for the last few days. It is picking up today. So, consider buying L&T. Buy Havells, an outperformer and that outperformance should continue. M&M Financial is a sell. I am down beat on most NBFCs, it is not just M&M Financial. Most NBFCs are avoids or short sells.”
“Ujjivan is a buy with a stop of Rs 340 and target of Rs 362. Manappuram is a buy with a stop of Rs 120 and target Rs 131. Mahindra and Mahindra is a buy with a stop of Rs 414 and target of Rs 440,” Gujral said.
Rudramurthy said, “Reliance Industries is a clear buy for me. In futures look at initial target of Rs 1,365 with a stop loss of Rs 1,320. Bajaj Finance has strong support at levels closer to Rs 2,980. I will be buying Bajaj Finance for a target of Rs 3,100. HDFC Bank also looks strong. For a pure day trade, Kotak Mahindra Bank and HDFC Bank, the heavyweights are looking at highs of the day. So I do not look at any expiry move on the downside. Short covering is clearly visible. Look at initial targets of Rs 2,285 on HDFC Bank and a stop loss of Rs 2,259.”
Follow stock recommendations by Sudarshan Sukhani here: https://www.cnbctv18.com/author/sudarshan-sukhani-159/
Follow stock recommendations by Ashwani Gujral here: https://www.cnbctv18.com/author/ashwani-gujral-115/
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