The latest analysis and commentary by stock market guru Prakash Gaba of prakashgaba.com on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about Bharat Financial Inclusion, Hindalco Industries, United Spirits Ltd (USL), UPL, State Bank of India, Hindustan Unilever, Indiabulls Housing, Strides Pharma.
“I like Strides Pharma. It is certainly looking good to me. I think it has formed a good base, up move could continue. If that happens, Rs 455 is the target, stop below Rs 425. I also like Indiabulls Housing. Yesterday also it did go up, today also it is up. I think this move should continue forward to around Rs 875; maybe today or maybe tomorrow, it is going up there. Stop below Rs 800 on Indiabulls Housing should be okay,” Gaba said.
“Bharat Financial looks good. I think the move has started here. Target on the upside is Rs 975 plus zones, stop below Rs 890 zones. Hindalco is looking good and so was NALCO. I think Hindalco can climb to levels closer to Rs 205 zones, stop below Rs 195. United Spirits, it is not a Friday, but still it is looking good to me. Target on the upside Rs 570, stop below Rs 540. UPL crossed the Rs 1,000 mark. I think it is heading up to levels closer to Rs 1,050 or even Rs 1,100 in the days to come, stop below Rs 997,” he said.
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