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 Indiabulls Housing Finance, L&T Finance, GVK Power, Punjab National Bank, Yes Bank, M&M Financial, Bajaj Finance, Yes Bank, Escorts.
"Bajaj Finance is looking good. It has seen some good traction yesterday as well and today it is continuing. Bajaj Finance can climb to around Rs 3,000 zones or even higher; that is the first psychological mark I am looking at. Stop below Rs 2,940 should be okay on Bajaj Finance. I like Yes Bank. Yes Bank is a stock that yesterday saw good buying, it has seen good buying today as well. I think this is a stock to buy today, sell today or buy today, sell tomorrow. Looks like so much buying would propel the stock higher and I am banking on that. Target Rs 280 and stop of Rs 255," Gaba said.
Speaking about individual stocks, Gaba said, “Indiabulls Housing Finance looks good. We can see a climb to around Rs 760 zones, stop below Rs 730 should be okay. L&T Finance looks like it is heading up to levels closer to Rs 155, stop below Rs 147.”
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