The latest analysis and commentary by stock market guru Manoj Murlidharan of Religare Securities on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about Marico and IndusInd Bank.
“We like Marico, we would advocate buying that in the cash market, at Rs 370 you can buy that, we are expecting a target close to Rs 390 on that. The stop loss should be Rs 364. From the banking sector, we would still go with IndusInd Bank at this point in time, we can enter the trade today as well after the market opens, Rs 1,590 is yesterday’s close so try to buy around that price. Stop loss should be around 20 points, Rs 1,570 on the downside, distribution should be somewhere close to Rs 1,624-1,630 should be the target on that,” he said.
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