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.
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They spoke at length about Kotak Mahindra Bank, India Cement, UltraTech Cement, Larsen and Toubro, UPL, Dr Reddys, Yes Bank, ICICI Bank, Oriental Bank of Commerce, State Bank of India, Punjab National Bank, Bank of India, Union Bank, Reliance Industries, Zee Entertainment, Mahindra and Mahindra.
Sukhani recommended buying Kotak Mahindra Bank, India Cement, and Larsen and Toubro. He said, “Kotak Mahindra Bank is a buy and Kotak Mahindra Bank is part of the private banks group which is outperforming and that should continue. India Cement is a buy. This stock comes in my list after a long time. We have talked about UltraTech Cement, ACC, these two stocks keep on coming, but India Cement after that mini bear market is putting its act together. Consider buying the stock; it is volatile and high beta, so it is possible to make decent money here. Larsen and Toubro (L&T) is a buying opportunity. This is a stock again which has not done much, but the market seems to give a sense that a lot of sleepers will now come into active play. So L&T is a buy.”
“I have a buy on UPL. Take a very tight stop at Rs 958 and look for trading rallies to about Rs 995 levels and DR Reddys is a buy with a stop below Rs 2,858 for target of Rs 2,975,” Thakkar said.
Rudramurthy said, “Reliance Industries has been a great stock. Every price, every timeframe, whether you are a trader or investor, it is a must for anyone’s portfolio. For a shorter term, I see immediate targets of Rs 1,450 with a stop loss of Rs 1,385 on Reliance. Zee Entertainment, Rs 390 is a good stop loss to keep and go long in futures for next month, target of Rs 460 can be seen initially. One sell call to hedge my portfolio on the long side, Mahindra and Mahindra (M&M) looks weak for me. Look at targets of Rs 650 initially with a stop loss of Rs 675.”
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