The latest analysis and commentary by stock market guru Mitessh Thakkar on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about Ajanta Pharma, Exide, Godrej Industries, Torrent Power, JSPL, SAIL, Motherson Sumi, Jubilant Foodworks, Indiabulls Housing.
Speaking about individual stock ideas, Thakkar said, “I have a buy on Ajanta Pharma which has managed to get past the 200 day average. Keep a stop at Rs 1,148 and look for targets of Rs 1,205. Exide, some indicator setup has turned positive. So buy with a very tight stop at Rs 259 and look for targets of Rs 272. Godrej Industries is a buy with a stop of Rs 537 and look for targets of Rs 570. My final buy call is on Torrent Power; disclaimer that I personally have interest in the stock. It needs to get past Rs 272, it might happen with that opening gap up. So, buy above Rs 273, keep a stop at Rs 267, and look for targets of Rs 288.”
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