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 Cummins, Glenmark, Mahindra and Mahindra, Pidilite, Bharat Forge, Sun Pharmaceutical, NCC, Hindalco.
Speaking about individual stock ideas, Thakkar said, “The buys are Cummins where we have seen a swing breakout and it has been a recommendation for last many days now. Freshly it can be bought with a stop at Rs 839 for targets close to about Rs 900. Glenmark is another stock which has managed to get past the earlier swing highs. Buy with a stop at Rs 685 and look for target of Rs 720. I also have buy on Mahindra and Mahindra (M&M). Keep a stop at Rs 792 and look for targets of around Rs 830. The solitary sell is on Pidilite around Rs 1,105, 3-4 point kind of jump from here can be sold with a stop at Rs 1,125 and look for declines to levels of about Rs 1,070.”
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