The latest analysis and commentary by stock market guru Manoj Murlidharan of Religare Securities on what is moving the markets today.
He also spoke at length on Apollo Tyres and Cummins India.
Talking about his stock recommendations, Manoj Murlidharan said, “We like Apollo Tyres and we believe that there is a good VWAP concept which has been emerging into this stock so Rs 220 roughly is what we are recommend buying, let us say keep a stop loss of Rs 204 and a weighted average price of Rs 244-246 is where we might see some distribution followed with Cummins India as well. We recommend buying that as well at Rs 780 with a stop loss Rs 760 and target somewhere close to Rs 812 is what we are expecting on that.”Disclaimer
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