The latest analysis and commentary by stock market gurus Gaurang Shah of Geojit Financial Services and Mitessh Thakkar of mitesshthakkar.com on what moved the markets this week. Check out their top stock recommendations.’
They spoke at length on Tata Global Beverages, Dabur, Marico, IndusInd Bank, Lupin, UltraTech Cement, and ACC.
On Tata Global Beverages, Shah said, “We do not have a coverage on Tata Global Beverages, but prudent to move into FMCG stocks. Though this is a relative stock to that consumption theme, but something like a Dabur, Marico, or Emami on which we are extremely positive. So if the investor wants to make a switch either at current levels or on rallies, we would definitely advise to switch into either Dabur or Marico.”
On Lupin, Thakkar said, “I like the stock a lot. My sense is that the long term charts are slowly reversing and I think it has done major base building around the Rs 720-750 zones. I think the first target on the upside should be Rs 930 to about Rs 950. Once you cross that on the medium term charts, I would expect the stock to possibly head towards levels of Rs 1,050 to about Rs 1,200 on the upside.”Follow stock recommendations by Mitessh Thakkar here:
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