The latest analysis and commentary by stock market guru VK Sharma of HDFC Securities on what is moving the markets today. Check out his top stock recommendations.
Sharma recommended buying Axis Bank, ICICI Bank, and Maruti Suzuki.
“I am suggesting buying Axis Bank and ICICI Bank. These are the two stocks which have delivered good set of numbers and which will continue to do well. It will also do much better in terms of the positions that have been built here. There are no shorts here, but still they will do better,” he said.
“Maruti Suzuki is one stock in which we have seen a huge number of shorts. We will see a good amount of short covering,” he added.
On Reliance Industries, Sharma said, “Reliance is a stock which we feel will lead the market still afresh and this is the stock which can be bought at the opening levels and also in a day or two before the actual results come out.”
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