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 Ashok Leyland, ICICI Prudential Life Insurance Company, Mahindra & Mahindra Financial Services and Power Finance Corporation (PFC), Jubilant FoodWorks, Indusind Bank, Kotak Mahindra Bank, Bank of India.
Recommending specific stocks, Gaba said, “I like Kotak Mahindra Bank. That perhaps can see an up move here and we could be able to see levels closer to around Rs 1,320-1,330 zones. Rs 1,320 should be reasonable, stop below Rs 1,285 on Kotak Mahindra Bank should be fine. The stock that looks weak, Bank of India. A lot of selling is seen. Possible target on the downside is in the vicinity of Rs 83, stop above Rs 88.”
Talking about stock Prakash Gaba said, “Ashok Leyland should go up target on the upside is closer to around Rs 95 zones, it can go up here maybe Rs 100 who knows but Rs 95 seems possible stop below Rs 85 should be okay. ICICI Prudential has seen a good base formation, the way it has moved up yesterday I think is heading up to levels closer to Rs 330-340 zones, stop below Rs 300. M&M Financial did quite well yesterday, it is again forming a base out here target on the upside is Rs 440, I don’t think it is stopping at Rs 440 it is even going to Rs 450 zones, stop below Rs 400 should be okay.”
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