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 Mahindra and Mahindra, and Tata Communication.
Speaking about individual stocks, Murlidharan said, “There are some stocks like Mahindra and Mahindra (M&M) which has seen good decent accumulation in last three to five sessions. So we believe that buying that at Rs 673 with a stop loss of Rs 660 and we are expecting a target somewhere close to Rs 720-724 on that which is a weighted average price of distribution. So, a good 40-50 points of rise can come in. Tata Communication would be a short sell for us. Even you could do that with February future, let us say try and get it between Rs 490-492, the stop loss should be of Rs 502 on that and the distribution of accumulation or the target would be somewhere close to Rs 470 on that.”Disclaimer:
The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.