The latest analysis and commentary by stock market guru Sudarshan Sukhani on what is moving the markets today.
He also spoke at length on Larsen & Toubro (L&T), UPL, Bata India, Exide Industries, BEML, Britannia Industries, Tech Mahindra, Britannia Industries, Tech Mahindra, ICICI Bank, and Indian Oil Corporation (IOC).
Sudarshan Sukhani’s recommendations are, “Consider buying Britannia, it is a good quality stock. It has fallen, it has come to a support level and is now bouncing back. It is worth going on the long side. Tech Mahindra has been an outperformer, we should go for it and continue with that theme. It is likely to have some more momentum on the upside. ICICI Bank and HDFC Bank are the reasons why the Nifty Bank is up today. Consider buying ICICI Bank also.”
“Britannia Industries is a buying opportunity, buy Britannia with a stop at Rs 2,880 and a target of Rs 2,960. Tech Mahindra is my favourite tech stock is a buy Rs 785 is your stop and Rs 820 is your target.”
“There are midcap buying opportunities that keep on coming. Starting with Bata which shows us remarkable amount of strength Bata is a buying opportunity. It is not necessary from markets to fall everyday. The view is very clear we are heading towards 10,000 but today day to day could be different. For today Bata is a buy. UPL is a buy, another outstanding performer in the midcap segment and that big boy L&T is a buying opportunity. L&T seems to be finding support at lower levels and probably I guess investment buying is coming here slowly and steadily.”
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