The latest analysis and commentary by stock market gurus Sudarshan Sukhani, Ashwani Gujral, and Rahul Shah of Motilal Oswal on what is moving the markets today. Check out their top stock recommendations.
They spoke at length about Godrej Industries, Divis Laboratories, Equitas, Tata Motors, REC, Bharat Forge, Can Fin Homes, Hindustan Unilever, IndusInd Bank, JSW Steel, Sun Pharmaceutical.
Stock specific, Sukhani said, “Godrej Industries is a buy. That stock has slowly put its act together and is now becoming an outperformer. Pharmaceutical is doing well today. So Divis Laboratories is a buy. These are intraday trades worth taking on the buy side. Equitas is a sell. I have been downbeat on NBFCs for a long time and that continues.”
Gujral recommended buying REC, Bharat Forge, and Can Fin Homes. “REC is a buy with a stop of Rs 144 and target of Rs 160. Bharat Forge is a buy with a stop of Rs 488 and target of Rs 510. Can Fin Home is a buy with a stop of Rs 320 and target of Rs 332,” Gujral said.
“Banks are showing lot of weakness today. IndusInd Bank is a sell with a stop loss of Rs 1,710 and target of Rs 1,650. I would go short on JSW Steel with a stop loss of Rs 283 and target of Rs 267. Sun Pharmaceutical is consolidating around Rs 460-465 levels. So I would buy Sun Pharmaceutical with a stop loss of Rs 458 and target of Rs 482,” Shah said.
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Follow stock recommendations by Ashwani Gujral here: https://www.cnbctv18.com/author/ashwani-gujral-115/
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