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 HDFC Bank, Hindalco, IndusInd Bank, ITC, Motherson Sumi, Axis Bank, BHEL, Mahindra and Mahindra.
Recommending stock specific ideas, Gaba said, “BHEL looks good to me. I think BHEL can climb to levels closer to Rs 72 zones, stop below Rs 68 should be okay. I like Mahindra and Mahindra. That is showing some kind of traction. Up move, three days of sideways move, up move started again. Target on the upside Rs 780, stop below Rs 755.”
Speaking about individual stocks, Gaba said, “HDFC Bank is looking good to me. I think it is climbing to levels closer to Rs 2,150, stop below Rs 2,100. Hindalco, metals were doing well yesterday along with Vedanta. I think Hindalco can climb to around Rs 230 zones, stop below Rs 220. IndusInd Bank, I love the stock, I have it in my portfolio since pre-IPO days. Target on the upside Rs 1,670, stop below Rs 1,600. ITC also I have in my portfolio I disclose. I think it can climb to around Rs 285 zones, stop below Rs 175.”
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