The latest analysis and commentary by stock market guru Prakash Gaba on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about Berger Paints, Federal Bank, GAIL, NIIT Technologies, Vedanta, Hindalco, ICICI Bank, Lupin, United Breweries, L&T Finance, Reliance Industries.
Speaking about specific stocks, Gaba said, “L&T Finance looks good to me. I think L&T Finance can see a climb to maybe around Rs 150 zones, stop below Rs 145, but I think it is going much higher than Rs 150. I like Reliance Industries. That looks good, target on the upside Rs 1,142 to Rs 1,145 zones, stop below Rs 1,110.”
Recommending stock specific ideas, Gaba said, “Lupin looks good to me. It is heading up to levels closer to around Rs 875 to Rs 880 zone. It is a matter of time, it is going there, stop below Rs 840. United Breweries is also looking good, it has seen a good up move, some kind of a consolidation and up move has started. United Breweries can climb to levels closer to around Rs 1,300 zones, stop below Rs 1,260 should be okay.”
Speaking about individual stocks, Gaba said, “Berger Paints looks good. Looks like it is sustaining its strength. Targets on the upside in the vicinity of Rs 330, stop below Rs 316 should be okay. I like Federal Bank. It looks good, massive up move, sustained its strength. Target on the upside Rs 95, stop below Rs 88. GAIL is another stock that I like. It looks like it is heading up to levels closer to Rs 360 zones, stop below Rs 344. NIIT Technologies is heading up, showing strength. Target on the upside Rs 1,175, stop Rs 1,110.”
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