The latest analysis and commentary by stock market guru Rajat Bose on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about BEML, Union Bank, Mahindra and Mahindra, Jubilant Foodworks, Maruti Suzuki, Zee Entertainment.
Speaking about specific stocks, Bose said, “There are stocks that you can buy. One is Jubilant Foodworks. I would buy with a stop loss below Rs 1,279 and Rs 1,309 and Rs 1,315 are the two targets. Second is Maruti Suzuki. I would put a stop loss below Rs 7,688 and my target would be Rs 7,850 and Rs 7,860.”
Speaking about individual stocks, Bose said, “I am recommending three stocks. BEML, I would put a stop loss below Rs 845. It has gathered momentum yesterday and today likely to do even better. Targets are Rs 869 and 877, but I am expecting it to test levels of Rs 890-900 in this current swing. PSU banks are doing pretty well. Union Bank I have chosen. Rs 76.50 is my stop loss, Rs 82.50 and Rs 84 are the two targets. Mahindra and Mahindra (M&M) is already doing pretty well. Rs 763.25 should be the stop loss and Rs 779 and 785 are the two targets for M&M. Chart looks very good, there is a bullish flag formation target of which takes it close to about Rs 800 levels.”
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