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 ICICI Bank, Motherson Sumi, Ashok Leyland, Dr Reddys.
Stock specific, Gaba said, “I have two stocks on the long side. Ashok Leyland certainly looks like a buy here. I think give some time and space, it is heading to levels closer to Rs 86, stop below Rs 81 should be okay. I also happen to like Dr Reddys. Pharmaceutical is looking good to me. Dr Reddys could climb to around Rs 2,770 zones, stop below Rs 2,650.”
Speaking about individual stocks, Gaba said, “I like two stocks. I will first go with ICICI Bank. That looks good to me. The targets that I have on ICICI Bank is around Rs 360 zones and stop below Rs 352. I like Motherson Sumi as well. I modified the target to Rs 160 and also modified the stop to around Rs 148.”
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